All Features articles – Page 34
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Features
Pearl beefs up covenant safeguards for DB members
The £1.9bn Pearl Group Staff Pension Scheme has renegotiated a series of funding conditions with its sponsor to improve security, reflecting greater innovation in how schemes are protecting members’ benefits.
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Features
Aircraft scheme achieves 20% buyout uplift
SR Technics UK’s pension scheme has secured benefits of around 20 per cent above what members would have got through the Pension Protection Fund, by investing in matched assets and improving its data.
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FeaturesReckitt Benckiser reforms comms to engage youth
The household and health products company’s scheme has made a series of changes to its communications as part of a drive to encourage younger and lower-paid members to put away more for their retirement.
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Features
Diageo scraps MND tenure limit to retain talent
Diageo Pension Scheme has scrapped the time limit on the service of its member-nominated directors to avoid a talent drain, as schemes balance members’ democratic rights with continuity in decision-making.
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FeaturesBA sees steady flexible retirement take-up
British Airways has seen steady take-up of its new flexible retirement option since it was introduced in October to provide members with better flexibility in how they access their workplace savings.
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Features
Saul curbs transfers-in to avoid 'unknown liabilities'
The £1.6bn Superannuation Arrangements of the University of London has decided to suspend members from transferring in their old private sector pensions, to manage the risk and cost of regulatory changes including auto-enrolment.
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FeaturesRoyal Mail and M&S trim trustees to reflect membership
The Royal Mail and Marks & Spencer pension schemes have reduced the size of their trustee boards to ensure they are more representative of their membership.
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FeaturesRailpen warns members of early-release scams
The Railways Pension Scheme has drawn its members' attention to the potential danger in early-release pension offers, which accounted for £200m taken out of pension funds last year.
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Features
Tips for managing cost of small scheme derisking
Small schemes looking to derisk should ensure a high standard of data cleansing and carry out a mortality analysis to manage the costs involved, finds Pippa Stephens.
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Features
Reed Elsevier ups contributions to engage members
Reed Elsevier Pension Plan has increased the employer contributions, up to a maximum of 11 per cent, for members of its defined contribution scheme.
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FeaturesITV: Collateral crucial for safe derisking
Pippa Stephens and David Rowley look at the lessons learned by the ITV scheme from its £1.7bn longevity swap deal.
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Features
PPF levy change hits solvent employers
The Pension Protection Fund (PPF) accepts its new levy calculation will mean increased charges for schemes with low insolvency risk, except when they are in the highest funding brackets.
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Features
Regulator calls for proportionate DC data requests
Responding to industry criticism, the regulator has told schemeXpert.com it is interested in views on how it could "strengthen" its collection of data from defined contribution (DC) schemes.
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Features
Schemes tackle longevity risk with annual reviews
Schemes such as Astra Zeneca and Reckitt Benckiser have made sizable changes to their life expectancy assumptions, but Owen Walker discovers small, frequent reviews are better to avoid the risk of poor data.
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Features
Singapore Airlines case shows importance of clear rules
The ongoing Singapore Airlines case highlights the importance of the diligent drafting of scheme rules. Pippa Stephens looks at the ways schemes can avoid mistakes when writing and maintaining deeds.
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Features
Doctors ruling ups AE worker cost for employers
A private medical practice has been forced to extend its workplace benefits to self-employed practitioners in a legal case that will increase auto-enrolment costs for employers.
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Features
Case study: Great Lakes secures £60m funding deal
After using regulatory pressure and an innovative legal move to clear the path for agreement, Great Lakes UK Pension Plan secured a £60m payment from its sponsor’s parent company.
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Features
How Selex secured an £18.6m swaps boost
The Selex Galileo Pension Scheme has seen an increase in the value of its swaps contracts from £6.2m to £24.8m in the year to April as a result of interest rate movements.
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FeaturesTui starts early to control PPF levy cost
As the Tui pension scheme works ahead of time to certify its contingent asset and reduce its Pension Protection Fund levy, Ian Smithand Anna Lyudviganalyse the process.
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Features
Case study: M&S’s approach to DC retirement
Engagement with members over their retirement date should start when they join the scheme, Marks & Spencer’s (M&S) technical manager has argued.