All scheme funding articles – Page 30
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News
Church of England scheme boosts funding level with 20% equity growth
The Church of England Funded Pension Scheme has seen an improvement in its funding level thanks to asset outperformance, in particular from equities, as it looks to increase its illiquid asset holdings.
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Features
Vodafone scheme completes CWW merger with £325m employer payment
Vodafone has contributed £325m to its defined benefit scheme as it completes the transfer of the Cable & Wireless Worldwide Retirement Plan, after purchasing the rival telecoms company in 2012.
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News
Invensys terminates reservoir trust as surplus grows
Invensys Pension Scheme has exceeded full funding on a technical provisions basis and has taken the unusual step of terminating a reservoir trust that was set up to provide funding security after the employer was purchased.
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News
BBC plan sees slight deficit improvement as contributions bed in
The BBC has seen a small improvement in its accounting pension deficit as it embarks upon a 12-year plan of additional contributions to boost its scheme funding.
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News
Court of Appeal upholds crown guarantee for BT Pension Scheme
The court of appeal has ruled to uphold a crown guarantee given to the BT Pension Scheme, making the government responsible for ongoing liabilities should the employer fail.
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Features
Barking and Dagenham plans social housing investment to hedge inflation
The London Borough of Barking and Dagenham Pension Fund plans to invest around £25m in social housing in order to hedge against inflation and diversify away from traditional assets.
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NewsPearson scheme reaches full funding due to increased employer contributions
The defined benefit section of the Pearson Group Pension Plan has reached close to 100 per cent funding less than 18 months after agreeing a reduction in the length of its recovery plan.
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NewsKingfisher nears surplus following sponsor property deal
Kingfisher Pension Scheme has revealed that a funding deal with its sponsor, which sees it draw from income-generating properties, has pushed its funding level close to 100 per cent.
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Opinion
PPF: Why our approach is not just about assets and liabilities
Talking head: The Pension Protection Fund’s Marcus Bishop looks at the crucial risk management and reporting building blocks of its investment strategy.
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OpinionEditorial: You're right from your side
One in seven trustees doesn't sound like a lot. But when you think that could be one person on every pension scheme board, the proportion starts to feel a bit more tangible.
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FeaturesSiemens shrinks deficit with asset-backed funding deal
Engineering and electronics company Siemens has set up a Scottish limited partnership for its UK defined benefit scheme to provide additional security for members, shutting a large part of its deficit and stabilising the company’s cash flow.
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News
Revised DB code emphasises integrated risk management
The Pensions Regulator this week released a new code of practice for defined benefit schemes, focusing on trustees and employers working collaboratively on scheme funding.
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Opinion
Regulator unveils long-awaited DB code of practice
The Pensions Regulator has today released a defined benefit code of practice that emphasises the importance of trustees and employers working together as a big happy family.
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Opinion
NAPF: A pathway to meet today’s funding challenges
Talking head: The NAPF’s Paul Lee discusses the central funding challenges facing defined benefit pension funds, and how managers and trustees are addressing them.
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News
University calls for greater employer control within LGPS
The University of East London has called for a greater say in the running of the Barking & Dagenham Pension Fund, as it says funding the scheme has become a growing financial burden.
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News
Shell introduces reserve account to prevent contribution volatility
The Shell Contributory Pension Fund has created a contribution reserve account to prevent a trapped surplus as it exceeds full funding.
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News
Is Shell's bid to avoid trapped surplus a contribution holiday 2.0?
The around £13bn Shell Contributory Pension Fund has revealed changes to the way the company will make contributions to the scheme.
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News
Employers turn to reservoir trusts to capture funding gains
Employers are increasingly using reservoir trusts to increase the funding and security of defined benefit schemes, in a desire for less complicated asset-backed structures in light of recent regulatory scrutiny.
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News
Lafarge trustees seek merger assurances to protect members
The trustee board of Lafarge’s UK pension fund has begun discussions with its sponsor to ensure members would be protected under its proposed $40bn (£23.8bn) merger with Holcim to form a global cement maker giant.
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News
Essex sees funding boost as it reduces gilt reliance
Essex Pension Fund has seen a 9 percentage-point jump in its funding level partly due to a change in how it calculates liabilities, as schemes shift towards valuation methods that avoid relying on historically low gilt yields.