All scheme funding articles – Page 23
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NewsArcadia agrees shorter recovery plans as Green feels pressure
Arcadia Group has agreed to increase its scheduled contributions to its two pension schemes, a sign that public pressure and 'naming and shaming' may be having some impact.
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OpinionRaising debt to fund pensions - what to bear in mind
From the blog: FTSE engineering company GKN might consider issuing bonds of up to £250m in order to help finance its UK pension deficit, it has recently been reported in the Times.
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FeaturesCentrica drills for returns with high-yield allocation
The Centrica Combined Common Investment Fund, which manages holdings for the energy giant’s pension schemes, has trimmed its exposure to corporate bonds, reweighting its portfolio towards high-yield debt.
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NewsHow would Scottish independence impact schemes?
Scotland's first minister Nicola Sturgeon will seek a second referendum on Scottish independence, to be held by spring of 2019, triggering concerns about the challenges a Yes vote would pose to UK pensions.
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NewsTrustees must secure funding after GM sells Vauxhall to PSA
General Motors has announced the sale of Vauxhall to French car manufacturer PSA Group, but will retain responsibility for the company’s UK pension obligations, sparking concerns over the security of members' benefits.
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OpinionHow to protect your scheme when Article 50 is triggered
Schemes should not be afraid to consider bold changes to funding and investments in the face of the UK’s exit from the EU being triggered, says Mercer’s Darren Masters.
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FeaturesMPs’ scheme votes for secured loans over REITs
The Parliamentary Contributory Pension Fund has simplified its property portfolio and invested proceeds in a European loans mandate, with a view to generating income.
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News
'Greenest of green papers' explores DB sustainability options but lacks urgency
A wide-ranging government green paper is exploring a number of possible changes to improve the sustainability of defined benefit schemes, but although experts welcomed the variety of issues discussed, some noted a lack of urgency.
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NewsHenderson agrees recovery plan after funding fall
Investment manager Henderson Group has agreed a recovery plan with its trustees after its defined benefit scheme fell out of surplus at the latest triennial valuation.
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OpinionWhat to bear in mind with asset-backed funding
Simon Daniel from Eversheds Sutherland weighs up the pros and cons of entering a Scottish limited partnership.
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OpinionHow should DB funding be measured?
Schemes should make the discount rate a function of the investment strategy rather than vice versa, says JP Morgan Asset Management’s Sorca Kelly-Scholte.
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NewsJohn Lewis slashes deficit with CPI switch
Retailer John Lewis has agreed a new recovery plan with the trustees of its defined benefit scheme after a large reduction in the funding deficit, due in part to a change in inflation indexing.
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News
Pinpointing life expectancy could cut deficits by £25bn
Using more accurate assumptions on longevity could be the key to bringing down defined benefit pension scheme deficits, new research shows.
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News
Industry finds no easy answers in dividends v deficits debate
Most FTSE 100 companies could clear their pension deficits in less than two years by withholding dividends, new research says. Experts have called for more focus on the contrast between dividend payments and deficit repair contributions, though others say there is no one-size-fits-all solution.
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News
Johnson Service Group adds £1.5m on top of recovery plan
Textile rental provider Johnson Service Group has committed to paying £1.5m to its defined benefit scheme following the £8.25m sale of its dry cleaning business to Timpson Group.
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OpinionPartial transfers would bring more choice into DB
From the blog: While many people have been rushing recently to cash in their final salary pensions, others are still torn between sticking with a guaranteed income and transferring all of their benefits.
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News
From RAAs to hedging: Top DB and derisking stories from 2016
Year in review: 2016 was the year the dam finally broke and defined benefit funding issues jumped into the mainstream news, with stories such as Tata Steel and BHS’s funding woes striking a chord.
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Features
Consolidation and partial transfers put forward as funding pressures increase
Defined benefit funding levels have not improved over the past years as gilt yields have fallen, the latest edition of the Purple Book shows, with industry figures hailing partial transfers and scheme consolidation as possible solutions.
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OpinionThere is no one-size-fits-all for comparing fid man performance
Assessing fiduciary manager performance is complex but not impossible, says Xerox HR Services’ Jacob Rubin.
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FeaturesABF and Pie to shore up Severn Trent against deficit plunge
The Severn Trent Pension Scheme has agreed a new asset-backed funding strategy with its sponsor, following a year which saw its accounting deficit more than double despite derisking measures.