All Defined benefit articles – Page 183
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NewsSaga shows dedication to DB with 10-year recovery plan
Amid the wider trend of scheme closures, over-50s specialist Saga has vowed to keep its defined benefit plan open to members, revealing details of a 10-year deficit recovery plan.
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NewsJohn Lewis deficit swells by £250m, steadfast on strategy
John Lewis Pension Scheme’s deficit has risen by close to £250m since the start of 2014, but the company plans to stick to its strategic counter-measures agreed earlier this year.
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Opinion
The legal issues troubling trustees around DC flex
The new pensions flexibilities present a range of new considerations for schemes.
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Opinion
How DB plans with AVCs are affected by the reforms
The new pension flexibilities which came into force on April 6 apply as much to money purchase additional voluntary contributions in defined benefit schemes as they do to pure defined contribution schemes.
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OpinionEditorial: Not Tesco's finest hour
Closing a defined benefit scheme to future accrual is no longer considered a controversial move in the private sector.
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NewsTesco succumbs to DB burden, schemes urged to monitor covenants
Loss-making supermarket giant Tesco took a further step towards ending its defined benefit provision this week, as it began formal discussions to close to new members and future accrual.
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News
LGPS funds feel the pressure as local pension boards get off the ground
Public sector pension funds are under pressure to compile their pension boards ahead of the August 1 deadline, but some report being “stretched” by the wait for guidance on the reform.
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Features
Are you an informed investor?
Any other business: Following a romp to all-time highs the FTSE 100 stuttered last week, with slips by multinationals and financials. More than ever, trustees must be engaged investors to ensure scheme decisions deliver good outcomes.
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NewsManx Telecom calls time on DB, offers suite of DC options
Communication company Manx Telecom eased the closure of its defined benefit scheme last year by providing members with a range of alternative defined contribution options, alongside a new sharesave scheme.
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News
University trust liabilities could rise by a quarter
University self-administered trusts could face a sharp rise in the value of liabilities, industry experts have warned, sparking calls for a review of the sector’s risk exposure and possible consolidation.
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News
DB-DC proposals trigger benefit questions
The Financial Conduct Authority has issued a consultation on transfers out of defined benefit schemes, but experts say a disparity between definitions of money purchase benefits could lead to confusion.
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News
How to get the best for your scheme in M&As
Any Other Business: Last week, oil giant Royal Dutch Shell announced plans to buy rival BG Group for £47bn and is widely predicted to be the first in a swath of deals across the sector.
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News
Johnston Press DB recovery to net 25% of sold sponsor assets
Johnston Press Pension Plan has agreed a revised recovery plan with its sponsor, entitling it to a chunk of the proceeds from the sale of company assets, to help plug its rising deficit.
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News
Electrocomponents reboots recovery plan to quell DB deficit
An electronics company pension scheme has agreed a new recovery plan and increased member contributions as its deficit more than doubled in an 18-month period, in part due to longevity risks.
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Opinion
Interest rates and the PPF
Talking Head: There is no denying that during the past few years the market environment has been challenging for defined benefit pension funds.
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News
Just months left to tackle contracting-out costs, consultants say
Consultants have urged defined benefit scheme trustees and sponsors to take action as the one-year countdown to the end of contracting-out approaches.
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NewsChannel 4 ceases accrual as DB closures mount
Channel 4 is offering defined benefit members enhanced pension contributions for five years after it closes the scheme to future accrual at the end of 2015, as funding levels deteriorate.
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News
Council funds report low take-up of 50-50 option
The option for local authority staff to halve their pension contributions while retaining other benefits has seen take-up below expectations, as the local government reforms bed in.
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News
John Laing tackles deficit with £100m alternative financing plan
Infrastructure heavyweight John Laing contributed £100m in cash and equity interests to its pension scheme, as part of a deficit recovery schedule that was revised before floating the company in February.
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Features
How would your scheme fare against longer-term deflation?
Analysis: Whether a short-term blip or a longer-term trend, the latest fall in the consumer price index will make schemes sit up and ask themselves whether they could withstand the impact of a move into deflation.