All Defined benefit articles – Page 16
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News
Pension industry unites to put an end to inequity
A group of more than 20 businesses have formed the Pensions Equity Group (PEG), a new industry coalition to tackle pension equalities in the UK.
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News
Delays are not the only problem with existing pension scam rules
Despite the uncertain economic environment, criminals are making hay, with 40% of all UK crime being attributed to fraud.
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News
Derisking well funded DB schemes may be an opportunity missed
Employers should adopt a more ambitious approach to managing well-funded defined benefit (DB) schemes and see them as an opportunity, according to pensions experts.
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News
TPR's new CEO unapologetic for demanding high standards
The Pensions Regulator has called for greater industry collaboration while firing a warning shot across the bows of schemes and trustee boards that don’t meet the regulator’s standards.
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News
AMNT says schemes and regulators must do more to support MNTs
Ever since the Robert Maxwell scandal of the early 1990s, member nominated trustees (MNTs) have been a tenet of scheme governance. Yet, they have often come in for criticism.
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News
How do sponsor's net zero commitments affect the employer covenant?
LCP is calling on trustees to get a better handle off the net zero ambitions, efforts and achievements, as they may all have a bearing on the sponsor’s ability to support the defined benefit (DB) scheme.
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News
Treasury to bear risk of unfunded legacy public sector schemes
Members of the reformed public sector pension schemes will no longer bear the costs of legacy schemes under the government’s solution to its 2015 public sector pensions changes, the Treasury has confirmed.
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News
GAD analysis identifies LGPS pay and pension gender gaps
Female members of the Local Government Pension Scheme (LGPS) for England and Wales suffer considerable gender pay and pensions gaps, according to a new report from the Government Actuary’s Department (GAD).
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News
Broadstone announces new scheme buyout preparation service
The employee benefits and actuarial consultancy Broadstone has announced that it is launching a specialist admin service to help schemes prepare for buyout.
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News
Pensions Expert will go on (under new ownership)
Pensions Expert has been acquired by DG Publishing, a specialist provider of pensions information and events.
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Opinion
Can regulation revive DB schemes?
The Work and Pensions Committee’s call for evidence on defined benefit (DB) pension schemes has now closed, and with a new funding code on the horizon, now is a good time to reflect on what makes a successful DB scheme.
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News
More than a third opt out of NHS Pension Scheme
The cost of living crisis has forced more than 50,000 people to leave the NHS Pension Scheme this tax year due to affordability, new data from Quilter has found.
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News
Labour could ‘review and restructure’ LTA
A change in parliament could be reflected in the lifetime allowance, according to Rosalind Connor, managing partner at ARC Pensions Law.
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News
IFS launches review of pensions system in new report
The Institute for Fiscal Studies has launched a wide-ranging review of the pensions system, looking at whether people are saving enough and if more support is needed for people to use their funds appropriately.
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News
UCU declares ‘historic victory’ over recovery of ‘stolen pensions’
The University and College Union declared a “historic victory” on April 17 after members voted overwhelmingly by 85 per cent to move forward with pension proposals agreed with employers, leaving the door open for benefits to be restored.
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News
DB funding remains strong, but transfers remain high risk
The March 2023 PPF 7800 index estimates the aggregate surplus of the 5,131 schemes it covers to have decreased over the month to £359.3bn as of March 31, from a surplus of £381.4bn at the end of February, a fall of almost 6 per cent.
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News
Inflation falls but remains high enough to do damage
The hopes of analysts waiting with bated breath for the latest inflation rates have been dashed, after the headline figure is shown to have remained in double digits at 10.1 per cent, according to the latest data from the Office for National Statistics.
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News
Disappointment over DB funding code delay
When the Pensions Regulator released its 2023-24 corporate plan last week, it revealed that it had put its long-awaited and much-vaunted defined benefit funding code on the back burner.
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News
TPR authorises first CDC pension scheme
The Pensions Regulator has authorised the UK’s first collective defined contribution pension scheme.