All scheme funding articles – Page 18
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Features
TPR: 700 DB schemes may never reach full funding
Data crunch: Forty-nine defined benefit schemes are in a parlous state with funding under 50 per cent of their liabilities, the latest data from the Pensions Regulator reveals.
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News
UK crawls back towards PPF surplus
On the go: UK defined benefit schemes are inching towards being fully funded on the basis used by the Pension Protection Fund, new figures from the lifeboat reveal.
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News
DB schemes move to formal long-term planning as regulation bites
On the go: Defined benefit pension funds are increasingly focusing on a long-term, formalised endgame or funding target, according to research by PwC.
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News
Four-fifths of FTSE 350 schemes eligible for consolidation
On the go: More than four-fifths (84 per cent) of FTSE 350 companies’ defined benefit schemes are eligible to join a commercial consolidator, new research showed.
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News
Providers to be fined £50k if they break dashboard rules
On the go: The government has revealed that providers that fail to supply data for the pensions dashboards could be fined up to £50,000 by The Pensions Regulator.
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News
Consultation on DB funding code expected early 2020
On the go: A consultation on a revised defined benefit funding code will be launched at the start of next year, according to Charles Counsell, chief executive of the Pensions Regulator.
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News
DB funding levels improve over September
On the go: The overall funding position of UK defined benefit schemes improved in September, according to figures released by the Pension Protection Fund on Tuesday.
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OpinionSeven features that define DB pension schemes
Jonathan Libre, a principal in the Emea Insights team at Broadridge Financial Solutions, discusses seven key factors that define DB pension funds, and how they can provide a useful framework through which schemes can be examined.
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News
DB funding levels fall in August
On the go: The overall funding position of UK defined benefit schemes fell in August, according to figures released by the Pension Protection Fund on Tuesday.
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News
Funding for school pension costs rises to £1.5bn
On the go:The government has promised to compensate some public sector pensions' increased employer contribution costs, but other pensions spending was unmentioned.
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News
FTSE 350 deficit up to £51bn as political and financial turmoil ahead
On the go: FTSE 350 companies saw their pension deficit grow in July, from £48bn at the end of June to £51bn by the end of July, a £3bn increase. Funding levels were unchanged over the month at 94 per cent, according to Mercer.
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OpinionThe end is nigh for DB pensions
The defined benefit pensions industry has reached a tipping point, writes Paul McGlone, president of the Society of Pension Professionals.
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News
DB funding position improves in June
On the go: The overall funding position of UK defined benefit schemes improved in June, figures released by the Pension Protection Fund on Tuesday showed.
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News
Pension changes could result in £260bn accounting gap, says XPS
On the go: UK companies could be understating their pension liabilities by as much as £260bn, according to XPS Pensions.
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OpinionDRCs have little or no measurable impact on regular dividends
Very few companies actually cut their dividend per share to fund large deficit reduction contributions, says Professor Seth Armitage of the University of Edinburgh Business School, whose recent research found that companies usually only cut dividends in response to poor profit rather than to cash outflows.
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News
DB deficit grows during May
On the go: UK defined benefit funding levels dropped by four percentage points on aggregate at the end of May, according to the latest update from the Pension Protection Fund.
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News
FTSE 100 pensions schemes face £100bn hit
On the go: Impending accounting standards changes could hit FTSE 100 pension schemes by up to £100bn with more than a quarter being hit to the tune of £1bn, according to consultancy LCP.
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News
UK schemes deficit falls to £6.4bn
On the go: The aggregate deficit of the 5,450 UK defined benefit schemes in the PPF 7800 Index fell to £6.4bn at the end of April 2019 from £43.9bn at the end of March 2019.
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News
TPR to issue two consultations on plans for a clearer DB funding framework
On the go: The Pensions Regulator has announced its intention to launch two consultations – the first to be published this summer – as part of the watchdog’s plans to make the funding standard for defined benefit schemes clearer.
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FeaturesAkzoNobel valuation results in £550m Q1 funding call
Paint manufacturing giant AkzoNobel has contributed €639m (£548.8m) into its pension schemes in the first quarter of 2019 alone, after a triennial valuation increased the company’s funding obligations beyond its previous projections.