All Covenant articles – Page 12
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FeaturesReuters scheme simplifies strategy in liquidity search
As part of a push to simplify its asset allocation and achieve greater liquidity, Reuters Pension Fund is exiting its property investments, putting some of the proceeds into a new buy-and-maintain mandate and an existing diversified growth fund.
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NewsCapital protection key as ABF introduces equities overlay
The Associated British Foods’ UK defined benefit pension scheme has implemented an equities derivative overlay strategy to give added risk protection to its substantial portfolio of growth assets, maintaining a strong allocation to equities.
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NewsAlstom energised by employer guarantee and extra contributions
The Alstom Pension Scheme has agreed an increase in recovery plan contributions following a drop in its funding level, but the decision has been buoyed by a strengthened sponsor guarantee.
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News
Company disclosures lack detail, report concludes
Companies need to provide more information on their defined benefit pension obligations, experts have said, after a study by Lincoln Pensions revealed a lack of clarity on many key issues.
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News
Share prices hit by DB deficits could spur fresh derisking drive
Defined benefit pension deficits are dragging down the market capitalisations of FTSE 100 companies, according to a recent study, as investors recognise the difference between disclosed deficits and the cost of securing benefits upon insolvency.
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News
TPR uses powers to stamp out non-compliance and avoidance issues
The Pensions Regulator has continued to demonstrate its tougher approach by fining trustees for non-compliance.
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NewsCBI requests reforms to ease DB burden on businesses
The Confederation of British Industry has called for a number of reforms to help tackle the problem of pension costs for companies, including access to illiquid assets and approaches to measuring deficits.
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News
DB schemes should look at upping investment risk, taskforce says
PLSA Annual Conference 2016: Defined benefit pension schemes should look at whether they can stomach additional investment risk to minimise employer solvency risks, the chair of the DB Taskforce said on Thursday.
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OpinionHow members' mental health issues affect pension schemes
Any Other Business: Every year 70m working days are lost due to mental health, while a quarter of people consider resigning due to stress, according to the Mental Health Foundation, so how do work-related mental health issues affect pension schemes and employers?
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News
TPR uses lesser-known power to move scheme into the PPF
The Pensions Regulator has used its voidable modification powers to move a scheme attached to an insolvent employer into the Pension Protection Fund, it reported this week.
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FeaturesStagecoach tightens governance reins with scheme merger
Stagecoach Group has merged one of its smaller pension plans with its £1.3bn defined benefit scheme, but the company has maintained a separate section for the smaller fund, keeping liabilities separate while potentially sharing some costs.
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NewsQuestions surround Bernard Matthews sale as PPF prepares to step in
Turkey producer Bernard Matthews has gone into administration, with the pension scheme expected to enter the Pension Protection Fund assessment period, but questions remain as to why the scheme was allowed to fail.
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Features
Employers congregate to solve Baptist scheme deficit
The Baptist Union of Great Britain has established an employer group to develop a strategy for plugging the scheme’s increased deficit.
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OpinionIRM: Nouvelle cuisine or sing a song of sixpence?
Integrated risk management is a tool that was designed to help trustees identify and manage the factors that influence the prospects of a pension scheme meeting its objectives.
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FeaturesCAF exits multi-employer scheme to set up own fund
The Charities Aid Foundation has withdrawn from a multi-employer defined benefit pension plan and established a new DB scheme, removing its exposure to other employers’ pension liabilities.
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News
Schemes urged to revisit risk as deficits soar
Defined benefit pension deficits have escalated since last month, but despite the challenging environment and gloomy outlook, some experts say schemes should stay calm and consider re-evaluating their risk portfolios.
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NewsJohn Menzies considers change as activists increase split pressure
Aviation services and distribution provider John Menzies is in talks with trustees over possible changes to its pension scheme, as the group considers splitting its two businesses under mounting pressure from activist investors.
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FeaturesHP scheme reboots parent company guarantee
The Hewlett-Packard Limited Retirement Benefits Plan has replaced its parent company guarantee following a major corporate reorganisation, resulting in improved terms for members.
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News
Pension schemes steer clear from selling gilts as rate pain intensifies
Pension funds struggling with low yields have held back from selling long-dated government bonds, causing the Bank of England to miss its gilt buying target on Tuesday.
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Opinion
Uncomfortable truths? Pensions Institute takes aim at employers
From the blog: It appears another 'unacceptable face of capitalism' was revealed last week, with the Pensions Institute launching an indictment of employers who “milk and dump” their pension schemes.