All Defined benefit articles – Page 122
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News
Tate & Lyle completes £930m buy-in with L&G
On the go: The Tate & Lyle Pension Scheme has completed a £930m buy-in with Legal & General Assurance Society.
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NewsNew consultation fails to address NHS clinician concerns
Doctors believe a new consultation offering greater pension flexibilities is not enough to stop them refusing extra shifts in the hard-pressed National Health Service, as experts demand an overhaul of the entire pensions tax system.
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News
LGPS urged to drop active managers for cheaper passive alternatives
On the go: Local authority funds are coming under increasing pressure from the government to switch their active holdings to passive investments.
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OpinionTurkeys don’t vote for Christmas
Too much of the pensions industry serves its own interests rather than those of its members, says CEM Benchmarking’s John Simmonds. The problem, he argues, lies in the role of scale. But is bigger truly better when it comes to pensions?
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News
Union fights government plans to scrap RPI
On the go: Unite, Britain’s biggest trade union, has refused to use the consumer price index as a measure of inflation in workforce negotiations, in response to the government’s mooted plans to scrap the retail price index in its current incarnation by 2030.
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News
Capital adequacy dispute threatens superfunds
Disagreement between the government and regulators has cast a question mark over the future of the UK’s defined benefit commercial consolidators.
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News
DB funding levels fall in August
On the go: The overall funding position of UK defined benefit schemes fell in August, according to figures released by the Pension Protection Fund on Tuesday.
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News
Plans to downgrade RPI could cost members £30,000
Data crunch:Pensioners could miss out on an additional 6.7 per cent in retirement income if the government goes ahead with plans to downgrade the retail price index, an analysis has revealed.
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NewsBritvic reaches interim agreement on CPI/RPI linking
Soft drinks manufacturer Britvic has reached an interim agreement with the trustees of its defined benefit pension scheme over controversial plans to switch pension increases based on the retail prices index to the lower consumer prices index.
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News
Is regulation needed to avoid pre-pack abuse?
The government is considering legislation to prevent companies from abusing pre-pack administration to dump pension liabilities into the Pension Protection Fund, but some experts say further regulation is unnecessary.
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News
Government signals an end to flawed RPI
On the go: The end may be nigh for the flawed retail price index of inflation, after the chancellor announced plans to consult on whether to align it with a version of the consumer price index between 2025 and 2030.
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News
Just Group sets its sights on derisking DB giants
On the go: Insurer Just Group is attempting to increase its presence in the bulk annuity market by partnering with external providers of capital backing.
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News
DB deficit spikes as hedging continues to be vindicated
On the go: The defined benefit liabilities of the UK's largest companies shot up by £30bn at the end of August, according to Mercer, as a slump in corporate bond yields refocuses trustee minds on immunising risk.
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News
UCU 'confident' universities will strike over pensions
The majority of university staff will vote for strike action on pensions unless their employers concede to lowering contributions to the Universities Superannuation Scheme closer to 8 per cent, the University and College Union has said.
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NewsConcerns over IFA shortages after LEBC leaves DB transfer market
Independent financial advice firm LEBC’s decision to leave the defined benefit transfer market has reignited concerns over shortages of quality advice, with experts warning that tighter regulation could lead to further exits.
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News
Law firm targets ‘short-changed’ doctors, teachers and police officers
On the go: The government could face legal challenges from hundreds of thousands of teachers and doctors following changes to their pension schemes, according to Leigh Day.
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Features
Pension deficit red flags could shake shareholder confidence
Data crunch: Companies with large defined benefit pension deficits risk seeing their share price drop as investors stay away, after equity analysts raised questions over whether their pension plans need urgent topping up.
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Features
Bob Scott: The 40-year pensions perspective
Bob Scott is something of a rarity – a pensions lifer who has worked for the same firm virtually all his adult life, having joined Lane Clark & Peacock nearly 40 years ago in 1982.
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OpinionPPF’s role in company restructuring and insolvency events
Over the past few years we have seen a number of high-profile company insolvencies and restructurings. When a company with a defined benefit pension scheme faces such a situation, the Pension Protection Fund gets involved.
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News
Arcadia CVAs approved
On the go: Arcadia Group, the struggling fashion empire controlled by Sir Philip Green, can move forward with its restructuring plans after a challenge from US landlords was withdrawn.