All Defined benefit articles – Page 143
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NewsS&N scheme to review impact of pubs takeover
Trustees of the Scottish & Newcastle Pension Plan will be assessing the impact of a recent corporate acquisition made by the pension scheme’s parent company Heineken UK, as part of a full covenant review this year.
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Features
Isle of Wight fund tackles 'problematic' data records
The Isle of Wight Pension Fund has implemented an improvement plan in relation to approximately 1,500 records containing “significantly problematic” conditional data, as it grapples with longstanding issues over member information.
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Features
How should schemes appoint their MNTs?
Trustees are required under the Pensions Act 2004 to make sure that at least one-third of trustees, or at least one-third of directors of the trustee company, are nominated by the scheme membership. But what is the best way to appoint member-nominated trustees?
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NewsTrustee fears on the rise over Brexit investment implications
Brexit has grown among defined benefit scheme trustees as a perceived investment risk, according to professional trustee company PTL's latest DB survey, as schemes are advised against making wholesale investment changes over the next few months.
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Opinion
How can schemes assess employer covenant strength?
Darren Redmayne chuckles good-naturedly, at what must be the thousandth time a journalist has asked whether the FTSE 100’s recently revealed accounting surplus means their defined benefit pension problems have gone away.
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News
Regulator threatens greater discipline over poor admin
The number of public service pension schemes disclosing inadequate processes for monitoring data accuracy and completeness has risen, as the Pensions Regulator pledges to clamp down on those falling below the standards it expects.
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FeaturesWest Midlands to divest from arms manufacturer
The West Midlands Pension Fund has agreed to divest from South Korean arms manufacturer Hanwha Corporation after years of sustained pressure on the company from institutional investors across the globe in relation to cluster munitions.
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News
Just Group aims for increased education on DB freedoms
Retirement provider Just Group claims it has disrupted the market for defined benefit member option exercises with a new product launch, as trustees come under increasing pressure to keep members informed about their options under freedom and choice.
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News
Select committees question regulator’s ambition on DB
On the go: The Pensions Regulator’s commitment to engaging proactively with poorly funded defined benefit schemes and their employers has been called into question by two parliamentary select committees, in a stinging letter that discusses the future of chief executive Lesley Titcomb.
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News
FTSE 100 schemes in surplus, but experts warn that risks remain
FTSE 100 pension schemes have reflected a year-end accounting surplus for the first time since the financial crash, according to consultancy LCP, but experts say trustees and sponsors should continue to be prudent in case of potential future market downturns.
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OpinionIs it time to trim your hedge funds?
Analysis: Since 2000, there has been an extraordinary rise in hedge fund investment. While only 2.1 per cent of large institutional investors had money in hedge funds in 2000, cost analysis service CEM Benchmarking says that this figure surpassed 50 per cent in 2016.
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OpinionWhat are trustees' responsibilities when it comes to DB transfers?
Some 100,000 defined benefit transfers took place in the 2017/18 financial year, according to estimates by the Pensions Regulator. This figure marries with the experience of pensions administrators, who have recorded significant increases in transfer activity since pension freedoms were introduced.
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NewsBox Clever judgment sees scheme inch closer to ITV funding
The Pensions Regulator was right to seek to impose a financial support direction on ITV in relation to the Box Clever defined benefit pension scheme, according to a court judgment published on Friday.
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News
Government consults on reforms to NDA schemes
The government has launched a consultation on its approach to reforming two schemes within the Nuclear Decommissioning Authority’s group, after proposals for a bespoke career average revalued earnings scheme were accepted by unions in 2017.
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News
Rate of investment consultant tenders has plummeted, survey finds
Less than 3 per cent of pension schemes retendered for investment consulting services last year, compared to 18.6 per cent of schemes in 2008, according to research from selection specialists IC Select.
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OpinionCarillion's post-mortem
It is not unusual for Work and Pensions Committee chair Frank Field to show off an impressive vocabulary when launching a salvo against political and personal foes. But even by his standards, the imagery used to put to bed the failed outsourcer Carillion has taken a turn for the macabre.
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FeaturesHaringey to swap passive equities for multi-factor strategy
The London Borough of Haringey Pension Fund has agreed to convert nearly half of its equity allocation from a passive fund into a multi-factor global strategy. It has also recently trimmed an overweight position in equities into its multi-asset absolute return and credit strategies.
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News
Marks and Spencer scheme completes £1.4bn buy-ins
On the go: Trustees of the Marks and Spencer Pension Scheme have purchased buy-in policies with Phoenix Life and Aviva totalling £1.4bn.
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NewsRegulator rebuked for 'feeble' response to Carillion underfunding
Carillion’s corporate culture was at the heart of the contractor’s collapse, MPs have concluded, but the Pensions Regulator has also come under fire for “failing in all its objectives” regarding the company’s pension funds.
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Opinion
Pension funds are making good progress with ESG, says Brunel CEO
Pension funds are making good progress when it comes to responsible investment, according to the £29bn Brunel Pension Partnership’s chief executive Dawn Turner.