All liabilities articles – Page 9
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News
ITV scheme trustees approve deficit repayment holiday
On the go: The trustees of ITV’s defined benefit schemes have agreed to a deficit repayment contribution delay, amid action from the broadcaster to mitigate the impact of Covid-19.
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OpinionRegulator striking the right balance on deficit holidays
Coronavirus is turning the world upside down for pension trustees. Prior to the crisis, trustees were being pushed to take a tougher line by demanding employers plough more cash into their defined benefit plans.
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News
Mercer calls for six-month DB contribution holiday
The government has been called on to take “urgent action” and implement a six-month contribution holiday for defined benefit pension schemes, in a bid to allow sponsors to keep their businesses afloat.
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News
Suspended deficit contributions could reach £1bn
On the go: Up to £1bn in deficit contributions could be suspended this year as trustees approve payment holidays in a bid to help sponsors survive the Covid-19 crisis.
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News
Bulk annuity deals now cover 15% of UK defined benefit liabilities
On the go: Pension scheme buy-ins, buyouts and longevity swaps have insured £250bn of longevity risk since the market took off in 2007, which corresponds to 15 per cent of UK defined benefit liabilities, according to analysis from Hymans Robertson.
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News
Inflation change to cost BT pension scheme up to £1.7bn
On the go: The government's plans to change the way the retail price index is calculated will mean BT Pension Scheme costs will increase up to £1.7bn.
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OpinionA roadmap to designing a corporate bond strategy
There are two ways of classifying a pension scheme’s objectives when designing its corporate bond portfolio: ‘spread capturing’ and ‘Sharpe maximising’.
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News
DB deficits rise £50bn as coronavirus hits markets
On the go: The aggregate deficit of the 5,422 defined benefit schemes in the Pension Protection Fund 7800 Index rose by £49.9bn in February.
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News
Mortality rates see highest reduction since 2011
On the go: Mortality rates in England and Wales were on average 3.8 per cent lower in 2019 than in 2018, which is the largest annual fall in mortality rates since 2011, new data showed.
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News
Life expectancy in England stalling since 2010
On the go: Life expectancy in England is stalling for the first time in at least 120 years, a new report has concluded.
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OpinionSchemes at risk from dwindling IFA transfer market
Over the past couple of years, the market for independent financial advisers has been shrinking.
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News
Unions challenge govt delay to public scheme valuations
Two trade unions are seeking permission to launch a judicial review of the government’s decision to delay benefit top-ups due to members under the cost floor arrangement in public sector pension schemes.
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News
DB deficit increases over January
On the go: The aggregate deficit of the 5,422 defined benefit schemes in the Pension Protection Fund 7800 Index rose by £63.8bn in January.
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News
Pension schemes make limited allowances for RPI changes
On the go: Large pension schemes are not expecting a great impact from the proposed changes to the retail price index, with limited allowances included in their sponsors’ 2019 accounts, according to Willis Towers Watson.
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News
Lloyds pension schemes agree to £10bn longevity swap
On the go: The trustee of the Lloyds Bank pension schemes has agreed to a £10bn longevity swap deal with Scottish Widows and Pacific Life Re.
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News
PPF: More than half of defined benefit schemes still in deficit
On the go: Fifty-seven per cent of defined benefit schemes in the UK are in deficit, with an aggregate shortfall of £160bn, according to the latest edition of the Pension Protection Fund’s Purple Book.
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News
Hundreds of teachers take legal action against government
On the go: More than 300 teachers are issuing claims to the employment tribunal relating to discriminatory changes made to their pensions in 2015.
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News
TPR presses Church of England for shorter deficit recovery
The Pensions Regulator has dismissed the idea of the Church of England employers reducing their deficit contributions, after a change in the valuation method used in one of its defined benefit schemes resulted in a shortfall decrease from £236m to £50m.
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NewsRailways Pension Scheme deficit called into question
New calculations showing an £11bn deficit for the Railways Pension Scheme have been dismissed by the National Union of Rail, Maritime and Transport Workers, which has promised industrial action if new measures to plug the gap are imposed without negotiation.
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News
Private school teachers threaten strikes over pensions
On the go: Teachers in private schools are threatening to strike, as a massive increase in contributions is leading to many of these institutions leaving the Teachers’ Pension Scheme.