All deficit articles – Page 19
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News
QE placing pension systems in jeopardy
Data Analysis: Quantitative easing has exacerbated the movement of pension risk from employers to individuals, placing the future of the entire system at risk, according to a report published last week.
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NewsDebenhams splashes out more on recovery despite surplus
Debenhams pension scheme trustees have secured higher employer contributions as part of the recovery plan despite having reached an IAS 19 surplus earlier this year, demonstrating the discrepancies between two scheme funding calculation methodologies.
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Opinion
Where next for scheme accounting measures?
At the start of this century Professor David Tweedie, former chairman of the International Accounting Standards Board, overhauled the shaky foundations that underpinned existing actuarial assumptions.
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News
Charity puts centre up for sale to cover LGPS costs
The Multiple Sclerosis Society is to sell a support centre to meet the cost of its local government pension scheme membership, the latest charity to sell assets to cover defined benefit costs.
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OpinionRising rates: Hope for the best, plan for the worst – don’t press pause
If you are a trustee of a UK final salary pension scheme then you will know that the past eight years have been a long, hard winter of dealing with the inexorable and sustained fall in interest rates and the rising deficits this has caused.
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News
Run affordable risk, say experts
Schemes must not run more risk than they can afford, say experts, as UK private sector defined benefit deficits rocket to £900bn.
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OpinionWhat we can learn from the Nortel ruling
July saw judges in the US and Canada confirm their May 2015 groundbreaking decision to distribute insolvent Nortel group's remaining assets to worldwide creditors on a modified pro rata basis.
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OpinionReshaping DB: Why we can't afford to repeat the mistakes of the past
Talking Head:In 2005 pension funds produced their first recovery plans for the newly formed Pensions Regulator.
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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.
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NewsJuly's top stories in 3 minutes
In this inaugural Pensions Expert Vizcast, editor Maxine Kelly and senior reporter Tom Dines provide a whistle-stop tour of the month's most significant news and case studies, covering derisking exercises and the Summer Budget (3:10).
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Opinion
LPFA: Government gives vote of confidence to proactive LGPS funds
Talking Head: In the weeks leading up to the Summer Budget I had several conversations with colleagues in the pension industry and internally about what to expect.
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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.
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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.
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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.
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News
FTSE 100 deficits feel pain of corporate yield slump
Schemes must reassess the case for increasing hedging activity, experts have said, as a £5bn increase in FTSE 100 deficits underlines the need for enhanced protections.
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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.
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News
Regulator issues third contribution notice for CWL fund
The Pensions Regulator has issued a contribution notice to an individual in relation to the Carrington Wire pension scheme, but experts warn the amounts recouped will not match the benefits previously promised to members.
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NewsSainsbury's closes deficit after strong asset returns
Sainsbury’s Pension Scheme has reduced its deficit by £28m, despite low interest rates and a fall in the real discount rate, as many schemes struggle to control their funding levels.
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NewsSaga shows dedication to DB with 10-year recovery plan
Amid the wider trend of scheme closures, over-50s specialist Saga has vowed to keep its defined benefit plan open to members, revealing details of a 10-year deficit recovery plan.
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NewsJohn Lewis deficit swells by £250m, steadfast on strategy
John Lewis Pension Scheme’s deficit has risen by close to £250m since the start of 2014, but the company plans to stick to its strategic counter-measures agreed earlier this year.