All scheme funding articles – Page 19
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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.
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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.
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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.
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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.
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OpinionWhat to consider when agreeing a recovery plan in 2019
Matt Harrison, managing director at covenant specialists Lincoln Pensions, explains how recovery plans have been agreed in practice and how this may change due to an evolving regulatory landscape.
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FeaturesHighland scheme mulls insurance policy for ill health retirement costs
The Highland Council Pension Fund is considering the option of taking out an insurance policy to protect the scheme against substantial ill-health retirement costs.
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News
DB funding slips lower over December
On the go: Surplus in the UK's defined benefit pension schemes evaporated over December, according to a funding measure used by the Pension Protection Fund.
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News
Whitbread derisks pension scheme with £380m one-off payment
On the go: The leisure group Whitbread has agreed with the trustee of its defined benefit pension scheme, the Whitbread Group Pension Fund, to make a one-off contribution to the pension fund of up to £380m.
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News
UK DB deficit shows modest improvement over 2018
On the go: The aggregate accounting deficit of all UK private sector defined benefit pension schemes has shown a modest improvement over the year, according to JLT Employee Benefits, falling to £107bn at December 31 2018 from £119bn a year earlier.
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OpinionPPF remains well-equipped to meet DB financial challenges
Despite recent large claims, the Pension Protection Fund remains robust and well-equipped to meet the challenges that exist within the defined benefit pension scheme universe it protects, says Andy McKinnon, the lifeboat’s chief financial officer.
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News
DB schemes move into surplus
On the go: UK defined benefit pension schemes have moved into surplus after the Pension Protection Fund made changes to the way the PPF 7800 Index is calculated.
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FeaturesShell launches online hub to meet member demand
Royal Dutch Shell has introduced a new financial education hub for employees, as members of the company’s pension fund show appetite for online communications.
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News
DB health improves but covenant strength ignored
Defined benefit pension schemes are not paying enough attention to the likelihood of their employer going bust when setting investment strategy, according to a new study assessing funding levels in the context of sponsor health.
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News
UK pension scheme deficit triples over October to £107.7bn
On the go: The aggregate deficit of the UK’s 5,588 pension schemes in the PPF 7800 Index has nearly tripled over October to £107.7bn at the month’s end, from a deficit of £38.7bn at the end of September 2018.
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News
More unions eye CDC as possible negotiation outcome
What is good enough for postal workers is, it would appear, not good enough for academics.
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News
FTSE 100 DB risk drops nearly a quarter
The aggregate risk across FTSE 100 defined benefit schemes has fallen to its lowest level in four years, according to research that seeks to integrate covenant and investment risk.
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News
PPF: UK DB liabilities drop by another £40bn
On the go: Defined benefit funding levels have risen over September, bringing the UK's aggregate deficit to £38.7bn on the Pension Protection Fund's section 179 basis.
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OpinionHow should schemes react to stagnating life expectancy?
Life expectancy in the UK has flatlined in the past two years. Is this a blip, or will we see a return to the fast improvements seen at the start of the century? Hugh Nolan, director at Spence & Partners, discusses how trustees can manage scheme funding despite this uncertainty.
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OpinionDo you want to live forever?
Editorial: Longevity serves as a useful euphemism in the pensions world.
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News
Life expectancy flatlines for first time in decades
Life expectancy in the UK has flatlined in the last two years, according to the Office for National Statistics, with drops in the life expectancy of babies born in Scotland and Wales putting an end to decades of improving longevity.