All News articles – Page 278
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NewsHow your scheme could benefit from the Arcadia CPI judgment
Employers have been encouraged to assess whether they can switch from the retail prices index to the consumer price index to reduce their liabilities, after a High Court ruling last week.
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Church of England scheme boosts funding level with 20% equity growth
The Church of England Funded Pension Scheme has seen an improvement in its funding level thanks to asset outperformance, in particular from equities, as it looks to increase its illiquid asset holdings.
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How LGPS members are responding to collective investment reform
Advocates of public sector pension reform have warned that regional initiatives could 'water down' savings for local authority funds from planned changes to the Local Government Pension Scheme.
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Newly defined money purchase plans wake up to actuarial and comms obligations
Trustees and employers offering money purchase benefits may face increased member communication and valuation requirements as a result of the government’s new statutory definition.
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Ombudsman: pension liberation reports expected in a 'few weeks'
The pensions ombudsman has said it should be publishing determinations on pension liberation cases within the next few weeks, with trustees hoping the reports will help them on difficult transfer decisions.
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Invensys terminates reservoir trust as surplus grows
Invensys Pension Scheme has exceeded full funding on a technical provisions basis and has taken the unusual step of terminating a reservoir trust that was set up to provide funding security after the employer was purchased.
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BBC plan sees slight deficit improvement as contributions bed in
The BBC has seen a small improvement in its accounting pension deficit as it embarks upon a 12-year plan of additional contributions to boost its scheme funding.
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ETV exercises to rise as government accepts DB-to-DC transfers
Industry experts have predicted the use of enhanced transfer value exercises could increase as employers look to encourage switches out of defined benefit plans in light of the Budget changes, but trustees have been urged to ensure members receive adequate advice.
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PPI: Small employers may seek pay cuts to make up auto-enrolment cost
A report released last week found smaller employers may consider decreasing basic pay to implement auto-enrolment, while experts said implementing the reform will lead to a focus on benefit structure.
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Civil service employers face increased contributions after discount rate cut
Participating employers of the Principal Civil Service Pension Scheme will face an increase in their pension costs, due to a reduced discount rate, following government efforts to control public spending.
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Court of Appeal upholds crown guarantee for BT Pension Scheme
The court of appeal has ruled to uphold a crown guarantee given to the BT Pension Scheme, making the government responsible for ongoing liabilities should the employer fail.
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One in four executives taking cash in lieu of pensions
The number of FTSE 250 executives taking taxable cash supplements instead of pensions has risen, according to a survey, as the way high-earners receive benefits has changed in light of lower lifetime and annual allowance limits.
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NewsPearson scheme reaches full funding due to increased employer contributions
The defined benefit section of the Pearson Group Pension Plan has reached close to 100 per cent funding less than 18 months after agreeing a reduction in the length of its recovery plan.
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Trade body calls for review of charity pension rules
News analysis: The Charity Finance Group has called for a review to the regulations surrounding multi-employer pension schemes, claiming they can threaten charities’ ability to raise donations.
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PPF adds hybrid allocation, trims traditional assets
The Pension Protection Fund has revised its statement of investment principles, trimming its allocation to cash, bonds and equities as it seeks to capitalise on the illiquidity premia of so-called ‘hybrid’ assets.
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Environment Agency plans web comms overhaul to boost transparency
The Environment Agency Pension Fund is working on a redesign of its website as part of an ongoing communications drive to boost transparency and engagement among its members.
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Early fid man adopters review managers as transparency calls grow
Investment experts have reported that the secondary market for fiduciary management is warming up, as early adopters begin to review the performance of their managers.
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Covenant-lite market expands as small schemes digest DB code
Small and medium-sized employers’ pension schemes are finding greater access to pared-down, lower-cost covenant assessments following the Pensions Regulator’s revised defined benefit code of practice, which has increased focus on employer strength.
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How the Law Commission report affects your scheme
The Law Commission has released what has been branded a “common sense” guide for trustees, clarifying their fiduciary duties in respect of responsible investment as well as weighing in on defined contribution scheme governance.
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NewsKingfisher nears surplus following sponsor property deal
Kingfisher Pension Scheme has revealed that a funding deal with its sponsor, which sees it draw from income-generating properties, has pushed its funding level close to 100 per cent.