All derisking articles – Page 18
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NewsM&S scheme in ample surplus as hedge pays off
The Marks and Spencer Pension Scheme has swung into surplus, thanks to a combination of outperformance of return-seeking assets and full hedging of interest rate risk, the company said last week.
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OpinionKeep calm and understand your risks
From the blog: Equity markets are volatile. This is not news, but reading some of the recent pensions press you could be forgiven for thinking that it was.
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OpinionStriking a balance amid rising longevity
Talking Head: ‘The new normal’ is certainly an overused phrase in financial circles, but when it comes to considering the issue of volatility it is rather apt.
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News
New code firms up boundaries on incentive exercises
A revised code of practice on incentive exercises will provide trustees and employers with practical tips on problem areas, as schemes begin to target more holistic derisking strategies.
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FeaturesMUMS the word: Medically underwritten mortality studies' benefit questioned
Analysis: Medical underwriting of defined benefit scheme members to facilitate bulk annuity insurance transactions has taken off over the past two years, but industry experts are sceptical of the benefits of using medical data for scheme valuations.
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News
PASA guidance urges schemes to prioritise GMP
The Pensions Administration Standards Association has issued guidance on guaranteed minimum pension reconciliation to help schemes through the process, as experts predict huge volumes rushing to complete in the coming months.
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News
Burgeoning buyout arena threatens pricing, schemes urged to prepare
The growing number of players in the UK buyout market may, counterintuitively, make it more difficult for pension schemes to get quotations from insurers, industry experts have said.
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NewsAsset derisking could leave a funding gap
UK defined benefit pension schemes have removed nearly half of their funding level risk over the past decade, but new research has questioned whether asset derisking has gone too far.
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NewsTesting market conditions greet 2016
Market volatility is here to stay, experts have said, urging defined benefit trustees to assess their risk management frameworks and eliminate unintended exposures as the year kicks off.
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NewsScapa saves £600k through flexible retirement exercise
Adhesive tape manufacturer Scapa Group has saved around £600,000 by offering flexible retirement options to some deferred members of its defined benefit scheme, clearing more than £10m of liabilities.
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OpinionDerisking dead ends
Editorial: If you’re short of gift ideas for your favourite veteran trustee or scheme manager, the Pension Protection Fund’s Purple Book could be a good shout.
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NewsBrewer's 'salami' derisking tactic is no small beer for liabilities
Midlands-based brewer Marston’s has bought in more than a third of its pension scheme liabilities since 2013 through a series of deals aimed at reducing volatility across its long-dated obligations and providing added security for members.
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NewsSmiths uses escrow to help slash £250m from scheme deficit
Technology and engineering conglomerate Smiths Group has signed over its £153m escrow account to its scheme in a deal that demonstrates the positive outcomes that can be achieved through strong trustee and employer collaboration.
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News
Rebus reviews funding strategy in self-sufficiency drive
Rebus Pension Scheme is shooting for funding self-sufficiency with a review of its investment strategy aimed at boosting returns and diversification, but some commentators have raised questions over its loose definition.
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Features
Clwyd completes strategic overhaul on the back of strong returns
Clwyd Pension Fund reaped rewards during 2015 as it implemented the final pieces of a strategic overhaul aimed at reducing costs and risk without compromising returns.
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OpinionDerisking: Timing is everything
From the blog: It is not just stand-up comedians that know how important timing is to success. For pension professionals and investors, the ability to implement a decision in a timely fashion can be critical to success.
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Features
BBC couples derisking with flexibility for DB members
The BBC is offering a pension increase exchange to its pensioners, upping the options available to defined benefit members just months after offering to pay for advice for those considering transferring out of the scheme.
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News
Regulator retreats from insolvency trustee appointments
Insolvency practitioners working for schemes' troubled sponsors are being encouraged by the Pensions Regulator to take the initiative in appointing trustees, which in many cases could shorten Pension Protection Fund assessment periods.
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Opinion
How to take advantage of medically underwritten bulk annuities
Insuring members of a defined benefit scheme through a bulk annuity can appear expensive when compared with the value of liabilities on a scheme funding or an accounting basis.
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Features
Smiths Group claws back deficit after 8-year fight
Technology and engineering conglomerate Smiths Group has reported a significant improvement in the funding position of its defined benefit pension schemes after pursuing a stringent eight-year derisking campaign.