All Defined benefit articles – Page 171
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NewsHow to manage an overseas parent company
Any other business: A good relationship with a strong sponsoring employer is a great boon to a pension scheme, as it can mean access to a generous recovery plan and robust guarantees for the future of the scheme and its members.
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FeaturesITV absorbs Wireless Group DB scheme
Broadcasting company Wireless Group has signed over its defined benefit pension obligations to broadcaster ITV, under the terms of sale of its television entities to the media giant, showing that defined benefit schemes do not have to be left behind in mergers and acquisitions.
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Features
Weir Group cuts deficit contributions with 15-year funding vehicle
Weir Group established a Scottish Limited Partnership with the trustee of its main defined benefit scheme last year, allowing the group to reduce its deficit recovery payments while adding to the security of members’ benefits.
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Features
GKN continues derisking with £53m buy-in
Global engineering group GKN signed off a second pensioner buy-in during 2015, insuring an additional £47m of pensioner liabilities, as part of a broad strategy to manage asset and liability risk as the group’s UK schemes mature.
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News
Aberdeen transport fund swaps derisking provider in self-sufficiency push
The Aberdeen Council Transport Fund is rushing to replace a derisking solution as it seeks to update its investment strategy and target self-sufficiency.
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NewsAG Barr plans scheme closure to manage risk
Drinks company AG Barr is planning to close its defined benefit pension scheme to improve employee equality and reduce the risk to the employer.
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NewsShipbuilding scheme docks £220m into LDI
The Shipbuilding Industries Pension Scheme has committed £220m to a liability-driven investment mandate run by Legal & General Investment Management, as it seeks to derisk and hedge against interest rate rises.
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News
Hertfordshire joins Access LGPS pool
Hertfordshire County Council Pension Fund has joined with 10 other local authority schemes to launch the £33bn Access asset pool, as Local Government Pension Scheme funds work through the governance implications of pooling.
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News
Johnston Press longevity study cuts deficit by £53m
Regional publishing group Johnston Press has cut its IAS 19 deficit by £63m in the past year, with close to 85 per cent arising from changes to the mortality assumptions.
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NewsNorthern Ireland Assembly latest to join public sector pensions reform push
Members of the Northern Ireland Assembly will be subject to significant changes to their pensions from the May 5 assembly election, bringing the country's politicians' retirement benefits in line with cost-saving efforts across the UK public sector.
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News4imprint hits home straight with buy-in conversions
Trustees of 4imprint’s defined benefit pension scheme have reached agreement to convert two previous buy-in arrangements to a buyout, as the US-focused company looks to tackle its UK legacy obligations.
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NewsRBS decision to pass on £18m NI costs to members 'unsurprising'
Members of the Royal Bank of Scotland’s defined benefit pension scheme are set to foot the bill for an £18m rise in the bank’s national insurance contributions following the end of contracting-out, raising the question of whether this practice could become the norm.
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News
PiP calls on government to bridge infra gap
The Pensions Infrastructure Platform has called on the government to make UK infrastructure more appealing to investors, in an effort to address the mismatch between government hopes for infrastructure investment and schemes’ need for returns.
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OpinionWhat a move to CPIH could mean for UK pension schemes
Analysis: A letter from the Office for National Statistics recently cast ripples of doubt over the future shape of UK consumer inflation statistics; a move to consumer price inflation including housing, or even a household inflation index could have far-reaching effects on UK pension fund benefits and liabilities.
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Features
Shell diversifies away from equities over market fears
The Shell Contributory Pension Fund has diversified its growth asset portfolio and reduced its equity holdings in response to concerns about the level of risk.
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News
PLSA launches DB taskforce as deficits spiral
PLSA Investment Conference 2016: While the combined deficit in the PPF 7800 index has reached £322.8bn, the Pensions and Lifetime Savings Association said it has launched a taskforce to “tackle the problems faced by defined benefit pension schemes”.
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News
Three complex investment issues demystified
PLSA Investment Conference 2016: Three pensions professionals were each tasked with explaining a complex investment issue in five minutes, demonstrating how things like good value, credit or Brexit can be explained to members.
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NewsSchemes think long term to tackle future risk
PLSA Investment Conference 2016: Panellists from both public and private sector defined benefit arrangements and defined contribution mastertrust Nest assessed the complex matrix of risks facing schemes across the UK.
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News
LGPS to meet cost of GMP inflation proofing
A quirk in regulation could leave the Local Government Pension Scheme and several other public sector arrangements responsible for meeting the costs of inflation-proofing the benefits of members retiring between April 2016 and December 2018.
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Tax relief off the table but Budget could still bring surprises
The chancellor is reported to have shelved anticipated changes to pensions tax relief ahead of next week’s Budget, but industry commentators predict a further wrangle of the landscape could still be afoot.