All Defined benefit articles – Page 12
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NewsPPF 7800 Index: Surplus down £2bn as yield rise fails to offset dip in asset values
The aggregate surplus of the 5,131 schemes in the PPF 7800 Index fell from £446.1bn to £441.1bn during August.
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NewsProductive finance: Pension panacea or sticking plaster for UK plc?
Encouraging pension funds to deviate from standard asset classes is nothing new, but is the latest push to encourage productive finance likely to be embraced by the pensions industry, at a time when it has everything to lose, and not that much to gain?
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NewsTPT to offer DB trustees fiduciary management and consultancy services
TPT has secured regulatory approval from the Financial Conduct Authority (FCA) to set up the commercial investment company.
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NewsProductive finance consultation on DB investment raises questions around role of 'consolidator'
Although many industry experts backed DB-endgame flexibilities, others expressed concerns about the PPF as a consolidator.
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NewsBAE Systems awards Goldman Sachs £23bn UK pension schemes mandate
The agreement marks the largest outsourced chief investment officer (OCIO) mandate awarded to date in the UK market.
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NewsPension trustee role needs to be re-evaluated, argues industry
The Association of Professional Pension Trustees (APPT) also cautioned against what it claimed were "further onerous requirements being placed on lay trustees that could backfire".
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NewsABI’s pension scheme completes £18.4m buy-out with Just Group
The deal secures the benefits of remaining members of the Association of British Insurers (ABI) sponsored pension scheme, including 16 pensioners and 118 deferred members.
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OpinionIndustry voice: Govt must back DB schemes to benefit from investment capabilities
Everyone from the chancellor down has agreed that the overriding priority for pensions policy has to be the long term benefit and protection of pension savers. Pension schemes need to think long term.
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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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OpinionDon’t dismiss a review just because of falling CETV values
Lower defined benefit (DB) transfer values are no reason for members to stop reviewing their options before retirement, says Seb Sherburn, senior pension consultant at HUB Pension Consulting.
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NewsCyber attack is a risk like any other – so manage it
In March, Capita suffered a cyber breach at the hands of the Black Basta ransomware group. Around 90 organisations, including pension schemes such as the USS and Axa, have reported personal information breaches.
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NewsTPR publishes McCloud guidance on annual benefit statements for public schemes
The Pensions Regulator (TPR) haspublished guidance for public service pension schemes on producing annual benefit statements over the next two years to reflect the McCloud remedy.
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NewsDB transfer compensation rates fall, but savers won’t lose out
Analysis from actuarial consultancy OAC, part of the Broadstone Group, suggests that many people who had been badly advised to transfer out of their defined benefit (DB) pension, may now receive significantly less compensation.
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NewsStop blaming victims for pension scams and fix the system to expose them
Pensions scams are being woefully underreported because the reporting structure is not fit for purpose, according to Margaret Snowdon, chair of the Pension Scam Industry Group (PSIG).
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NewsPPF has made considerable progress towards net zero, shows climate change report
The Pension Protection Fund (PPF) has today published its third annual Climate Change report, that discloses the climate-related risks and opportunities within its investment strategies.
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NewsSPP: Decumulation reforms must build on successes of auto enrolment policies
The Society of Pension Professionals (SPP) has issued feedback to the the Department of Work and Pensions (DWP)’s consultations on small pots and helping savers understanding their pension choices/decumulation.
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NewsMansion House reforms could deliver £50bn in surpluses and nullify new code
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, according to analysis by Barnett Waddingham.
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NewsPDP: update on reset and there are no failures, merely challenges
The Pensions Dashboards Programme (PDP) has published an update on its ‘reset’, the term it has adopted for the latest delay to its programme.
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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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NewsCharities sector sees funding level improvement
The combined reserves of the largest 40 charities in England & Wales that sponsor defined benefit (DB) pension schemes rose to £49bn in 2022 from £40bn in 2021, according to analysis published in a report by Hymans Roberson.