All scheme funding articles – Page 18
-
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.
-
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.
-
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.
-
OpinionThe end is nigh for DB pensions
In 2001, I returned from a year working in Canada to a UK pensions industry that seemed to be changing rapidly.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
News
STV agrees new £127m DB funding package
On the go: Scottish broadcaster STV has agreed to pay off its £127m defined benefit pension deficit over 12 years, including additional contributions if its cash flow improves, after completing triennial valuations of its schemes.
-
NewsSelect committee turns focus to Railways Pension Scheme deficit
The Work and Pensions Committee has written to the Pensions Regulator over what it called the “staggering, parlous state” of the £25.5bn Railways Pension Scheme.
-
Features
John Laing divests asset-backed funding from former sponsor
The John Laing Pension Fund has sold its remaining stake in infrastructure company John Laing Environmental Assets Group, a holding initially contributed to the scheme as part of a contingent funding plan in 2015.
-
NewsEmployers and academics rail against new USS contribution rate
Employers and workers alike have expressed concern over proposed contribution hikes to Britain’s biggest private sector pension scheme, the £63bn Universities Superannuation Scheme.
-
News
DB schemes creep back towards full PPF funding
On the go: The 5,450 defined benefit schemes in the UK are inching back towards surplus on the Pension Protection Fund's measure, with an aggregate deficit of just £8.6bn.
-
News
FTSE350 pension deficit rises to £45bn
On the go: The total deficit of FTSE350 companies’ defined benefit pension schemes increased to £45bn from £41bn at the end of February. The move was caused by an increase in liabilities to £811bn from £806bn, partially offset by asset values increasing to £766bn from £765bn, according to Mercer figures released this week.
-
News
Regulator turns focus to DB sponsors’ long-term plans
Trustees and sponsors of defined benefit pension schemes will have to recognise a long-term funding target for their plans, under guidance set out on Tuesday by the Pensions Regulator.
-
News
UK pension deficit falls by £80bn to £210bn
On the go: January saw a significant in improvement in the funding level of the UK’s 5,450 defined benefit pension schemes.
-
OpinionTPR: 2019 must see member security improve
The Pensions Regulator’s Fiona Frobisher reminds us of the regulatory developments scheduled to improve pensions in 2019, and ramps up the pressure on poorly run small schemes to consider the emerging regulated consolidation market.