All scheme funding articles – Page 27
-
FeaturesAG Barr girds funding journey via asset-backed move
Irn-Bru owner AG Barr’s pension scheme deficit deteriorated by £18.4m in the year to January, but it anticipates key manoeuvres including an asset-backed funding plan will support its long-term funding position.
-
NewsPPF: 'Steady as she goes' approach for 2016/17 levy
The Pension Protection Fund has revised down its aggregate levy requirement for 2016/2017 but has urged schemes to continue to focus on risk reduction.
-
FeaturesMorrisons delivers £150m property assets to secure scheme funding
Supermarket chain Morrisons has transferred a further £150m worth of property into an asset-backed funding vehicle in a bid to improve security for its pension scheme.
-
NewsGranada appeal threatens contingent asset arrangements
Broadcaster Granada is appealing a High Court ruling in an attempt to recover £40m of gilts from one of its pension schemes, but lawyers say the case could jeopardise other employers’ non-cash contributions.
-
News
PPF-plus compromise deals expected to rise
‘Compromise’ deals designed to secure benefits above lifeboat levels could increase over the next couple of years, as deficit reduction pressures continue to squeeze schemes and their sponsors’ balance sheets.
-
Features
What trustees can learn from the British Airways wrangle
News Analysis: British Airways’ pending court case against the trustees of its Airways Pension Scheme over pension increases raises questions regarding how scheme trustees should interact with their sponsoring employer.
-
NewsKingfisher locks in gains as funding hits triggers
Kingfisher pension scheme has continued to progress towards its 2030 buyout target with a £150m shift from return-seeking to matching assets after tipping into surplus.
-
News
Regulator releases further covenant guidance
The Pensions Regulator has issued new guidance on assessing employer covenants aimed at preventing smaller or highly funded schemes from wasting time and money on costly advice.
-
NewsIORP amendment threatens pot-follows-member
A draft report from the European Parliament committee on economic and monetary affairs has threatened the possibility of pot-follows-member legislation being introduced, lawyers have warned.
-
OpinionReshaping DB: Why we can’t afford to repeat the mistakes of the past
Talking Head: Defined benefit schemes cannot afford to repeat the mistakes of the past. Redington’s Rob Gardner makes the case for a new way.
-
NewsNational Trust DB scheme closes to future accrual after deficit jump
Conservation charity the National Trust is closing its defined benefit scheme to future accrual following a large increase in the deficit, but the union is considering further action to reopen negotiations.
-
News
Three graphics on how DB strategies pose risk to employer growth
Data analysis: Many large FTSE 350 defined benefit schemes are taking "a surprisingly high level of risk" in their investment strategies in spite of the Pensions Regulator's increased focus on sustainable growth, a recent report has warned.
-
NewsWhat your scheme could learn from the PPF's approach
The Pension Protection Fund has further increased its scheme funding level to 115 per cent and experts have said other defined benefit schemes could adopt its risk management approach to improve their results.
-
NewsHow schemes should react to Carney rate rise hint
News analysis: The Bank of England has bolstered expectations of a rate rise by the end of the year and schemes should consider their position ahead of any change, experts have said.
-
News
DB funding snapshot signals need for further hedging
Data analysis: Defined benefit schemes’ aggregate funding ratio rose slightly to 84.8 per cent in June, according to data, but experts say schemes should further hedge liabilities to buffer against underlying volatility in the bond markets.
-
News
Charles Stanley seeks DB risk control via working group
Stockbroker and wealth manager Charles Stanley has created a working party to tackle risk within its pension scheme after reporting a £6.2m deficit increase.
-
NewsTate & Lyle sweetens deficit pill with secured funding move
Sugar company Tate & Lyle reduced its defined benefit liability by £52m in 2014, helped by the creation of a secured funding account as a contingency to its core employer contributions.
-
News
DB schemes face crunch on index-linked corporate debt
A tightening in the supply of index-linked US corporate bonds may lead to UK pension schemes facing increased difficulty when derisking their portfolios, industry experts have said.
-
OpinionEditorial: Revived pressures
The idea that the in-out referendum could be brought forward to next year has really focused the minds of many across the UK, and the pensions industry is starting to consider what the result could mean.
-
NewsHogg Robinson extends recovery to ride out low-rate environment
Corporate travel company Hogg Robinson has extended its scheme’s deficit reduction plan after low interest rates stretched its shortfall to more than a quarter of a billion pounds.