More defined benefit news – Page 13
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NewsPPF reserves rise by £400m
The Pension Protection Fund (PPF) increased its funding ratio to 156 per cent and reserves to £12bn during the year financial year ending 31 March 2023.
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NewsMansion House reforms: Pension innovation, reformation or mess?
As the pensions industry digests the impact of Chancellor Jeremy Hunt's announcements in his Mansion House Speech, there are already concerns being voiced over the speed and scope of the proposed and planned changes.
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NewsTPR's Delfas supports Mansion House reforms
Nausicaa Delfas, chief executive of The Pensions Regulator’s said the watchdog welcomed the government’s new package of pensions measures announced by the Chancellor Jeremy Hunt this week.
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NewsLGPS pooling: Consultation will run for 11 weeks
Views on investment 'barriers' are being sought to accelerate to the consolidation of Local Government Pension Scheme (LGPS) assets, the Chancellor has announced.
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NewsDB pension superfund regime gets go ahead
In his Mansion House speech Chancellor Jeremy Hunt said the UK's defined benefit pensions landscape was too fragmented and the government would be pushing forward with plans to create a superfund regulatory regime.
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NewsDB schemes: PPF 7800 Index records highest ever surplus
The aggregate surplus of the 5,131 schemes in the PPF 7800 Index is estimated to have increased over the month to £437bin at the end of June 2023, from a surplus of £430.9bn at the end of May 2023.
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NewsWhat is going on with the gender pensions gap?
June 2023 saw the welcome publication of the first official data on the gender pension gap. However, the official data has important omissions and needs careful interpretation if the right conclusions are to be drawn.
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NewsStandard Life completes £1bn Chubb Pension Plan and Chubb Security Pension Fund buy in
Standard Life has concluded a £1bn bulk purchase annuity (BPA) transaction covering two schemes, the Chubb Pension Plan and the Chubb Security Pension Fund.
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NewsDB schemes: Surge in retirement support for members says Aon
Defined benefit (DB) schemes are giving their members more information and support than ever when making key retirement decisions.
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NewsCarillion collapse: Former finance director in 11-year boardroom ban
Zafar Khan, who served as Carillion's finance director, has been disqualified as a director for 11 years, the Insolvency Service has announced.
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NewsThe buyout backlog may leave many pension schemes needing a plan B
Trustees of fully-funded pension schemes may find themselves at the back of a queue they did not know existed – and which is only getting longer, Axa Investment Managers has warned.
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NewsMabey Pension Scheme completes £94m buy-in with Just Group
Mabey Holdings' scheme, advised by Isio, has completed a buy-in with Just Group.
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NewsLocal Government Pension Scheme: PLSA launches resources to help employers
TheBest Practice: A Guide for Employers Participating in the LGPS, has been launched to coincide with the PLSA’s annual Local Authority Conference, which is being held in Gloucestershire.
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NewsWhat does a rise in the mortality rate mean for pension funds?
The Continuous Mortality Investigation (CMI) showed a rise in the UK’s average mortality rate, but the Institute and Faculty of Actuaries (IFoA) said it was likely to be a pandemic-related rise.
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NewsWhat pension schemes can do to cope with the capacity crunch
The capacity crunch industry experts have long warned of is now here, but there are still measures pension schemes and administrators can put in place to ease the burden.
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News'More work needed' to speed up pension transfer scam protection measures
Over 20 pension schemes, administrators and industry bodies took part in the DWP's 18-month review, which found that only four per cent of transfers were given a red or amber flag.
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NewsOne in six savers don't know where to access pensions advice
The workplace can play a part in helping plug the pensions advice gap, as over a quarter of over 55s admit eschewing any type of support.
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NewsAEAT Pension Scheme PAC inquiry findings imminent
The House of Commons public accounts committee is expected to publish the findings from its inquiry into the Atomic Energy Agency Technology Pension Scheme (AEAT) later this week.
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NewsPLSA offers pragmatic alternatives to politicians' ideas for UK growth
In recent months, the government, the opposition, the lord mayor of London and other lobbyists and policy wonks have floated various notions as to how pension funds – defined benefit (DB) and defined contribution (DC) – should invest their assets in order to boost growth in the UK’s economy.
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NewsYet more consultation required to put in place the McCloud remedy
The government is to further consult on supplementary matters and scheme regulations concerning the McCloud remedy in the Local Government Pension Scheme (LGPS).