All surplus articles – Page 2
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FeaturesChanging course: The case for reinvesting pension scheme surpluses
Ahead of chancellor Rachel Reeves’ Mansion House speech on Thursday, Pensions Expert explores changing attitudes towards defined benefit scheme surpluses and how they could be used to benefit members, employers and the wider economy.
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NewsMineworkers to receive 32% pension bonus
Members of the Mineworkers’ Pension Scheme will receive a bonus payment of almost a third of their regular pension income after the government confirmed it will transfer a reserve fund’s assets to the trustees.
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OpinionEmpowering the £1.5trn in private sector DB pensions
How can the government help pension schemes make better use of their substantial surpluses, asks Jos Vermeulen of the Society of Pension Professionals.
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NewsIndustry calls for change to levy rules as PPF seeks to raise £100m
The government should rewrite rules around the Pension Protection Fund’s (PPF) levy to reduce unnecessary costs for defined benefit (DB) schemes, according to industry commentators.
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OpinionWhat role will a public sector consolidator play in the UK market?
Rosie Twist of the Society of Pension Professionals analyses how the DB market has changed in 15 years and how a public sector consolidator might help shape the next 15.
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NewsHow schemes could release £100bn in 10 years
Research by Isio suggests trustees could release significant amounts of capital if proposed government rule changes are implemented.
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NewsMore funding surplus disputes ahead
BP Pensioner Group has begun a legal process against senior members of BP management and directors of the BP Pension Fund Trustee, following concerns around the value of members' pensions.
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NewsRethinking the DB endgame
DB schemes could be missing a trick by completing insurance transactions, according to new research
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OpinionNet surpluses: A paradigm shift for DB pensions
With rising interest rates leading to significant improvements in defined benefit scheme funding over the last year, policymakers face profound choices about the future of the regulatory regime.
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NewsMansion House surpluses: pie in the sky or route to self sufficiency?
Barnett Waddingham’s assertion that the so-called Mansion House ‘reforms’ would have delivered as much as £50 billion in surpluses to FTSE 350 companies, had the strategy already been in place, received a mixed reception when wereported on it on 21 August.
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NewsFunding levels up and even better than the official stats
The Pensions Regulator’(TPR) has published its 2023 update to its scheme funding analysis for defined benefit and hybrid schemes. This shows that UK defined benefit (DB) and hybrid schemes continue to experience an improvement in funding.
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NewsPPF 7800 Index: Inflation 'dip' and equity rally helps to boost pension surplus by £9.1bn
The aggregate surplus of the 5,131 schemes in the Pension Protection Fund 7800 Index increased to £446bn at the end of July 2023, compared to £437bn the previous month.
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NewsDerisking well funded DB schemes may be an opportunity missed
Employers should adopt a more ambitious approach to managing well-funded defined benefit (DB) schemes and see them as an opportunity, according to pensions experts.
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NewsDB schemes’ surplus rises £5.2bn in December
On the go: The aggregate surplus of the 5,131 defined benefit schemes in the Pension Protection Fund 7800 Index increased by £5.2bn in December.
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NewsDB schemes’ funding position improves £400bn in 2022
On the go: The aggregate funding level of defined benefit schemes improved by around £400bn in 2022, with many of these plans moving into a surplus for the first time, new research has shown.
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NewsBritish Airways’ DRCs suspended as scheme reaches full funding
On the go: British Airways will not pay deficit reduction contributions as long as the New Airways Pension Scheme is 100 per cent funded, under a new agreement signed with the trustees.
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NewsDB schemes’ surplus falls by £7.6bn in November
On the go: The aggregate surplus of the 5,131 defined benefit schemes in the Pension Protection Fund 7800 Index fell by £7.6bn in November.
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NewsRobinson & Sons scheme completes £44mn full buy-in
On the go: The circa £69.1mn Robinson & Sons Limited Pension Fund has agreed a full buy-in of its £44mn of pension scheme liabilities with Legal & General.
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NewsPPF: Funding worsened for some schemes due to market turmoil
The Pension Protection Fund is expecting some schemes to have a deterioration in funding due to the forced selling of assets in response to market turmoil, despite the overall improvement in the defined benefit sector, its chief finance officer and chief actuary has said.
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NewsWebinar: Pension Protection Fund 2022 Purple Book
The Pension Protection Fund will be publishing its annual analysis of the defined benefit sector on December 1.