More defined benefit news – Page 10
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NewsMost CFOs are unsure of their DB scheme’s objective
Three quarters of CFOs are struggling to work out their scheme’s end game
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NewsSchemes worried about buyout process
Cost, capacity and lack of interest at top of schemes’ buyout worry lists
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NewsRethinking the DB endgame
DB schemes could be missing a trick by completing insurance transactions, according to new research
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NewsLearning lessons from the gilts crisis
A year on after the historic collapse and bailout of the gilt market, has the pensions industry learnt lessons?
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NewsM&G completes £286m Northern Bank BPA deal
The transaction is the second with M&G's insurance subsidiary Prudential since it returned to the BPA market.
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NewsL&G agrees to Cable and Wireless £340m buy-in
Legal & General (L&G) said the deal, worth around £340m with the Cable and Wireless Superannuation fund has secured the benefits of around 1,800 retirees and deferred members and marks the fund's third and final transaction.
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NewsBPA boom: Who will be next to enter the market?
M&G’s re-entry into the bulk purchase annuity market takes the number of UK providers to nine, with others expected to follow by the end of the year.
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NewsNew online pensions toolkit has been launched to explain GMP equalisation
The free toolkit was developed by Quietroom and a consortium of UK’s largest defined benefit schemes.
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NewsM&G re-enters bulk annuity purchase market
M&G has announced a £331m buy-in transaction of the M&G Group Pension Scheme (M&GGPS), one of the group’s own pension schemes, as well as a £286m bulk annuity transaction for an external scheme.
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News‘Systemic risks’ in rushing to embrace insurer buyouts, warns SPP
In its Vision 2030 report, the Society of Pension Professionals (SPP) warned that insurance buyouts ‘may not always be the answer’ and diversification of endgame options beyond government gilts was needed to secure the long-term future of all pension schemes.
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NewsBBC appeals against High Court ruling
The BBC confirmed there will be no reduction to any pension benefits already built up and nothing will change before the second half of 2024.
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NewsPPF 7800 Index: Surplus down £2bn as yield rise fails to offset dip in asset values
The aggregate surplus of the 5,131 schemes in the PPF 7800 Index fell from £446.1bn to £441.1bn during August.
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NewsProductive finance: Pension panacea or sticking plaster for UK plc?
Encouraging pension funds to deviate from standard asset classes is nothing new, but is the latest push to encourage productive finance likely to be embraced by the pensions industry, at a time when it has everything to lose, and not that much to gain?
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NewsTPT to offer DB trustees fiduciary management and consultancy services
TPT has secured regulatory approval from the Financial Conduct Authority (FCA) to set up the commercial investment company.
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NewsBAE Systems awards Goldman Sachs £23bn UK pension schemes mandate
The agreement marks the largest outsourced chief investment officer (OCIO) mandate awarded to date in the UK market.
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NewsProductive finance consultation on DB investment raises questions around role of 'consolidator'
Although many industry experts backed DB-endgame flexibilities, others expressed concerns about the PPF as a consolidator.
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NewsABI’s pension scheme completes £18.4m buy-out with Just Group
The deal secures the benefits of remaining members of the Association of British Insurers (ABI) sponsored pension scheme, including 16 pensioners and 118 deferred members.
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NewsPension trustee role needs to be re-evaluated, argues industry
The Association of Professional Pension Trustees (APPT) also cautioned against what it claimed were "further onerous requirements being placed on lay trustees that could backfire".
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NewsMansion House surpluses: pie in the sky or route to self sufficiency?
Barnett Waddingham’s assertion that the so-called Mansion House ‘reforms’ would have delivered as much as £50 billion in surpluses to FTSE 350 companies, had the strategy already been in place, received a mixed reception when wereported on it on 21 August.
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NewsCyber attack is a risk like any other – so manage it
In March, Capita suffered a cyber breach at the hands of the Black Basta ransomware group. Around 90 organisations, including pension schemes such as the USS and Axa, have reported personal information breaches.