All liabilities articles – Page 10
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OpinionRisks and opportunities coming from RPI reform
On September 4 2019, it was confirmed that the UK Statistics Authority intends to reform the retail price index inflation measure so that it essentially becomes a variant of the consumer price index including housing costs, called CPIH, from 2030 at the latest.
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News
Accounting rules change could see charities leave multi-employer DB
On the go: Charities participating in multi-employer defined benefit schemes will have to disclose their individual liabilities, which could lead to these organisations opting to leave and setting up their own final salary plan, an expert warned.
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News
Calls for next government to revive multi-employer schemes bill
On the go: The boss of a small Scottish plumbing company hit with a £1.2m pensions bill is calling for the next government to revive a 2018 proposal, which would end the current issues affecting sponsors of the Plumbing and Mechanical Services Industry Pension Scheme.
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News
DB deficits at lowest value since May
On the go: The deficit of UK corporate defined benefit schemes dropped by £30bn to £190bn during November – its lowest level since May, when it reached £180bn, according to PwC.
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News
Latest housing association to exit multi-employer scheme
On the go: Housing association Metropolitan Thames Valley has left the Social Housing Pension Scheme, a multi-employer defined benefit plan run by TPT Retirement Solutions, transferring its assets and liabilities to master trust Enplan.
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News
ONS: Life expectancy increases continue to stall
On the go: New data from the Office for National Statistics shows that life expectancy improvements continue to stall, which is expected to improve pension schemes liabilities.
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News
LGPS pension bill to rise 1% with McCloud case
Fears that a legal case over discriminatory pensions could dent the funding of the Local Government Pension Scheme have been partially allayed, after preparations for the plan’s valuation found that liability increases will be limited.
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News
DB deficit shrinks over October
On the go: UK defined benefit schemes are edging closer to the funding needed to buy out the Pension Protection Fund-level benefits, according to an update from the lifeboat fund.
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News
RPI changes could hit pensions funding by up to 10 per cent
On the go: Reforms to the calculation of the retail price index could have a massive impact on pension funding, LCP reveals in a new report.
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Features
Buy-in pricing could improve in post-Brexit world
Brexit volatility could be a good thing for defined benefit pension schemes looking to insure liability risk, according to experts.
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OpinionAmid Brexit chaos, RPI end could rock pensions
Editorial: Welcome to the September issue of Pensions Expert, one which comes amid untold levels of turmoil in the world around us.
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News
Is regulation needed to avoid pre-pack abuse?
The government is considering legislation to prevent companies from abusing pre-pack administration to dump pension liabilities into the Pension Protection Fund, but some experts say further regulation is unnecessary.
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Features
Pension deficit red flags could shake shareholder confidence
Data crunch: Companies with large defined benefit pension deficits risk seeing their share price drop as investors stay away, after equity analysts raised questions over whether their pension plans need urgent topping up.
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News
Slowdown in death rate in 2019 may increase DB liabilities
On the go: The relatively low number of deaths reported so far this year appears to buck the trend of stalling life expectancy improvements since 2011, an LCP report has highlighted.
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News
Fewer deaths in 2019 could increase DB liabilities
On the go: The mild UK winter could lead to an increase in pension scheme liabilities as 2019 to date has seen relatively few deaths, according to a firm of longevity specialists.
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News
Treasury accepts pension reforms were unlawful
On the go: The Treasury accepted that its 2015 public sector pension reforms were unlawful on Monday, with the court judgment likely to cost the department £4bn a year and restrict the next chancellor’s spending.
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News
75% of DB funds paying out more money than they receive, finds Buck
On the go: Three-quarters of defined benefit schemes are now cash flow negative with contributions no longer sufficient to meet regular benefit payments, according to Buck.
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NewsResign over pensions dispute, RMT urges Grayling
The UK’s railway union called for the resignation of transport secretary Chris Grayling on Thursday, threatening strike action over the escalating railway procurement row.
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News
Stagecoach announces next wave of legal action against DfT
On the go: Stagecoach started the second wave of its legal action against the Department for Transport on Friday, claiming it was illegally excluded from three rail franchise contests in April over pensions liabilities.
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Features
Phoenix moves to simplify own scheme's benefits with PIE
Nearly two fifths of eligible pensioners in a scheme sponsored by Phoenix Group have accepted a pension increase exchange offer, which has shaved about £20m from the bulk annuity insurer's defined benefit liabilities.