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Latest DB news
Use dashboards preparation to cut admin costs, charities urged
Spence & Partners reports that charity DB schemes are approaching full funding – but costs are rising, meaning more efficiencies are needed.
GMP communication failing costs Volkswagen scheme £500
The Ombudsman awarded a member of the Volkswagen Group Pension Scheme £500 in compensation for failing to keep them updated on GMP equalisation.
Building society locks down member benefits with £105m buy-in
Rothesay has insured all 705 scheme members of the Skipton Building Society (2015) Group Pension Scheme through a buy-in completed in January.
DB pension schemes enter Q2 with strong funding position
Private sector pension schemes were in a strong position ahead of the market volatility caused by US trade tariffs, according to the PPF 7800 Index.
Clara Pensions plots private markets push with new investment vehicle
Defined benefit consolidator Clara Pensions intends to invest up to 35% of its assets into private markets.
Features and analysis
Innovation needed to stop illiquid assets delaying bulk annuities
Consultancy giant Aon has written to insurers calling for more innovation on tackling illiquid assets held by pension schemes approaching the bulk annuity market.
Outlook 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.
Changing 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.
How LDI managers are getting ready for the rest of 2024
Following recent warnings about a potential return of deflation, the onus is on LDI managers to ensure their portfolios are prepared.
Is better funding leading to changes to valuation dates?
After the BBC decided to bring forward its triennial valuation in light of improved funding, Pensions Expert looks at whether more schemes are likely to follow.
Innovation needed to stop illiquid assets delaying bulk annuities
Outlook 2025: New insurers set to make waves in busy DB market
Changing course: The case for reinvesting pension scheme surpluses
How LDI managers are getting ready for the rest of 2024
Is better funding leading to changes to valuation dates?
More defined benefit news
Think tank calls for full PPF underpin to boost surplus release case
The Social Market Foundation has set out recommendations for the government to make releasing surplus assets from DB pension schemes more attractive and secure.
Just Group secures £12m buy-in with Englass pension scheme
The transaction made use of Aon’s process designed for small pension scheme de-risking deals.
Lloyds ringfences £5.1bn with two longevity swaps
Two defined benefit (DB) pension schemes sponsored by Lloyds Banking Group have agreed longevity insurance and reinsurance arrangements.
BT Pension Scheme agrees longevity swaps worth £10bn
The UK’s largest corporate defined benefit (DB) pension scheme has struck two longevity reinsurance deals worth a combined £10bn.
Comment & opinion
DB surplus release: Three key questions to drive better outcomes
Financial distress: When a trustee’s role steps up a gear
More work needed on PPF levy: Railpen
Competing agendas: Does the pensions industry need a rethink?
Whose money is it anyway? Avoiding a ‘smash and grab’ on DB schemes