All Surplus articles – Page 4
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NewsDB pension schemes finish 2024 with £226bn surplus
Defined benefit (DB) pension schemes’ aggregate surplus position declined in December as volatility hit equity and bond markets.
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NewsGovernment to review British Coal surplus arrangements
The trustees of the £8.6bn British Coal Staff Superannuation Scheme (BCSSS) are in discussions with government officials regarding the use of a £2.3bn reserve fund.
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NewsOutlook 2025: The pensions industry’s wishlist for the new year
Pensions Expert spoke to six major industry groups to find out what they want to see happen in 2025, from the Pensions Review and the Pension Schemes Bill to trustee powers and improvements to member outcomes.
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FeaturesOutlook 2025: New insurers set to make waves in busy DB market
From an evolving bulk annuity market to debates over the use of pension scheme surpluses, next year looks set to be as busy as ever for the defined benefit sector, writes Alex Janiaud.
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NewsPPF reports £219bn total surplus across DB pension universe
The funding position of private sector defined benefit pension schemes continues to improve, according to the Pension Protection Fund’s (PPF) latest edition of the Purple Book.
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NewsM&G launches ‘risk-sharing’ buy-in service for pension schemes
An initial £500m buy-in with an unnamed pension scheme has been structured to allow the corporate sponsor to share in any financial upside emanating from the insured assets.
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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
Current rules mean the PPF cannot stop taking a levy without compromising its ability to raise capital in the future.
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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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OpinionThe case for discretionary increases is becoming compelling
Osborne Clarke’s Claire Rankin explains the different forces at play when trustees and employers consider discretionary pension increases.
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NewsUse surplus to restore inflation protection, say trustees
The call comes as DB schemes are enjoying their largest aggregate surplus in years, and the government is seeking to provide more flexibility over accessing this money.
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NewsDB schemes end Q1 in strong surplus position
Funding levels improved again in March, PPF data show, helping DB schemes to finish the quarter in a very strong position.
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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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OpinionDon’t lose sight of members in surplus debate
Trustees could be given new powers to extract surpluses from DB schemes – but Pensions Expert editor Nick Reeve argues that their options may still be limited.
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NewsWhat can DB schemes do with funding surpluses?
Ahead of last week’s DWP consultation paper, Pensions Expert spoke to legal advisers to investigate the issues schemes face when dealing with funding surpluses.
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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.