All Defined benefit articles – Page 52
-
NewsLloyds Bank Pension Scheme signs £5.5bn longevity swap
On the go: The circa £21.4bn Lloyds Bank Pension Scheme No.1 has entered into a £5.5bn longevity insurance and reinsurance arrangement with Scottish Widows and SCOR.
-
NewsUSS strengthens net zero goal, PIC and Railpen invest in social housing
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, as the Universities Superannuation Scheme increases the scale of its net zero ambitions, the Pension Insurance Corporation backs Northern Irish social housing and the Railways Pension Fund agrees to fund affordable housing in east London.
-
NewsRegulators should look at the role of introducers in British Steel scandal
On the go: Regulators have been urged to look again at the role of introducers in the British Steel Pension Scheme transfers scandal that has seen more than £20mn paid out in compensation.
-
NewsLondon CIV launches alternative credit fund
On the go: London CIV, which oversees around £26bn on behalf of 32 London Local Government Pension Schemes worth a collective £45bn, has launched its Alternative Credit Fund.
-
NewsLecturers strike again over USS benefit cuts
On the go: Staff at 44 institutions are to walk out once again over planned benefit cuts to the Universities Superannuation Scheme.
-
NewsFCA says dashboards will increase advice ‘value for money’
On the go: The Financial Conduct Authority has said the pensions dashboards will increase competition in the advice profession and offer consumers better value for money.
-
NewsL&G ‘well advanced’ with commercial dashboard development
Legal & General is “well advanced” with the development of a commercial dashboard, building on the work done in the alpha and beta stages of the Pensions Dashboards Programme.
-
NewsEmployers and union at loggerheads as USS deadline looms
Employer representatives have again criticised the University and College Union as the deadline for avoiding “unaffordable” contribution rate hikes in the Universities Superannuation Scheme approaches.
-
NewsPodcast: Government must set a timeline for auto-enrolment expansion
Podcast: Auto-enrolment could bring significant benefits to the young, the low-paid and women, and the government must commit to a date to expanding coverage, according to Now Pensions’ head of PR and campaigns, Samantha Gould. She is joined by Linklaters pensions partner John Sheppard to discuss AE, pensions dashboards, and illiquid investments by defined contribution schemes.
-
NewsGPs can file late applications to cover tax bills after pressure
On the go: NHS staff have been given the option to make a late application to have their scheme cover annual allowance tax bills after the industry warned that many GPs would not have completed paperwork in time.
-
NewsSurvey finds ‘overall lack of trust’ in the pensions industry
On the go: Last year saw a small rise in members’ trust in pensions, but almost a third (31.5 per cent) still have “no or very little trust” in the industry, according to a Trafalgar House survey.
-
NewsLPFA divests from extractive fossil fuels, PIC invests in urban project
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, as a local authority pension fund divests from extractive fossil fuels and the Pension Insurance Corporation invests in a Milton Keynes build-to-rent project.
-
NewsMadeline Forrester appointed PPI chair of council
On the go: The Pensions Policy Institute has appointed Madeline Forrester as its new chair of council.
-
NewsAviva apologises after sending pension transfer email in error
On the go: Aviva has apologised to financial advisers and their clients after it sent an email in error about an “impending pension transfer”.
-
NewsClimate change could impact sponsor cash flow and longevity
On the go: Climate change could have significant impact on sponsor covenant, hitting cash flows and potentially impacting sponsor longevity, according to a report from the Employer Covenant Practitioners Association.
-
NewsCivil Service Pension Scheme looks for new admin
On the go: The Cabinet Office is weighing up administrators for the Civil Service Pension Scheme.*
-
News‘Historical’ risk transfer volumes to continue in 2022
On the go: Risk transfer momentum is on the rise, driven by strong investment return, market activity, asset availability and the number of large pension plans coming to the market, new research has shown.
-
NewsSole trusteeship to achieve ‘significant growth’ in 2022
Sole trusteeship to achieve 'significant growth' in 2022Data crunch: The professional corporate sole trusteeship model is expected to have a 'very positive' impact on scheme governance in 2022, with smaller plans being the quickest on the uptake, a Ross Trustees survey findsEnterkeywords.sh_embed {position: relative;height: auto;width:100%;z-index: 0;overflow: hidden;background-color: #222;color: white;font-family: 'Lato', ...
-
NewsDB schemes’ surplus rises by £17bn in January
On the go: The aggregate surplus of the 5,215 defined benefit schemes in the Pension Protection Fund 7800 Index increased by £17.1bn in January.
-
NewsThe metrics of a sustainable future
As the pivot towards net zero intensifies, the need for schemes to assess sustainable investment opportunities through data and metrics is rapidly growing in importance.