More defined benefit news – Page 20
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NewsBorder to Coast pooling 'on track' to deliver £340m savings by 2030
Five years after its launch, the Border to Coast Pensions Partnership has announced that 83 per cent of the assets owned by its 11 partner funds have been pooled.
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NewsBPA deals at an all time high
Bulk annuity deals are predicted to hit £25bn during the first half of 2023, according to one pensions consultant.
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NewsBuyouts: Is a capacity crunch already here?
This year is set to be a bumper year for buyouts, but has the most bouyant sector of the pensions market reached saturation point?
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NewsUSS launches consultation on proposed funding assumptions
The Universities Superannuation Scheme has launched a consultation with Universities UK (UUK) on the trustee’s proposed funding assumptions and methodology for the scheme’s 2023 actuarial valuation and on the statement of funding principles.
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NewsL&G completes £1.8bn buy-in of United Utilities schemes
Legal & General has completed buy-in with the trustees of two pension schemes sponsored by United Utilities, in a deal that covers around two thirds of their liabilities.
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NewsHammerson completes £90m BPA deal with Just
The £90m bulk purchase annuity transaction between Just and the Hammerson Group Management Limited Pension and Life Assurance Scheme was advised by LCP.
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NewsRolls Royce TDF partners with BlackRock
BlackRock announced it had partnered with the Rolls-Royce target date fund (TDF), with an investment plan designed especially for its 34,000 members.
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NewsPPF reserves rise by £400m
The Pension Protection Fund (PPF) increased its funding ratio to 156 per cent and reserves to £12bn during the year financial year ending 31 March 2023.
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NewsTPR's Delfas supports Mansion House reforms
Nausicaa Delfas, chief executive of The Pensions Regulator’s said the watchdog welcomed the government’s new package of pensions measures announced by the Chancellor Jeremy Hunt this week.
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NewsMansion House reforms: Pension innovation, reformation or mess?
As the pensions industry digests the impact of Chancellor Jeremy Hunt's announcements in his Mansion House Speech, there are already concerns being voiced over the speed and scope of the proposed and planned changes.
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NewsDB schemes: PPF 7800 Index records highest ever surplus
The aggregate surplus of the 5,131 schemes in the PPF 7800 Index is estimated to have increased over the month to £437bin at the end of June 2023, from a surplus of £430.9bn at the end of May 2023.
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NewsLGPS pooling: Consultation will run for 11 weeks
Views on investment 'barriers' are being sought to accelerate to the consolidation of Local Government Pension Scheme (LGPS) assets, the Chancellor has announced.
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NewsDB pension superfund regime gets go ahead
In his Mansion House speech Chancellor Jeremy Hunt said the UK's defined benefit pensions landscape was too fragmented and the government would be pushing forward with plans to create a superfund regulatory regime.
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NewsWhat is going on with the gender pensions gap?
June 2023 saw the welcome publication of the first official data on the gender pension gap. However, the official data has important omissions and needs careful interpretation if the right conclusions are to be drawn.
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NewsStandard Life completes £1bn Chubb Pension Plan and Chubb Security Pension Fund buy in
Standard Life has concluded a £1bn bulk purchase annuity (BPA) transaction covering two schemes, the Chubb Pension Plan and the Chubb Security Pension Fund.
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NewsDB schemes: Surge in retirement support for members says Aon
Defined benefit (DB) schemes are giving their members more information and support than ever when making key retirement decisions.
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NewsCarillion collapse: Former finance director in 11-year boardroom ban
Zafar Khan, who served as Carillion's finance director, has been disqualified as a director for 11 years, the Insolvency Service has announced.
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NewsThe buyout backlog may leave many pension schemes needing a plan B
Trustees of fully-funded pension schemes may find themselves at the back of a queue they did not know existed – and which is only getting longer, Axa Investment Managers has warned.
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NewsMabey Pension Scheme completes £94m buy-in with Just Group
Mabey Holdings' scheme, advised by Isio, has completed a buy-in with Just Group.
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NewsLocal Government Pension Scheme: PLSA launches resources to help employers
TheBest Practice: A Guide for Employers Participating in the LGPS, has been launched to coincide with the PLSA’s annual Local Authority Conference, which is being held in Gloucestershire.