More defined benefit news – Page 139
-
News
Treasury scraps plans for secondary annuity market amid consumer protection concerns
Proposed reforms to create a secondary annuity market have been abandoned due to concerns about consumer protection and value for money.
-
News
DB schemes should look at upping investment risk, taskforce says
PLSA Annual Conference 2016: Defined benefit pension schemes should look at whether they can stomach additional investment risk to minimise employer solvency risks, the chair of the DB Taskforce said on Thursday.
-
News
Rising gilt yields: Inflationary worry or time to buy?
Recent weeks have seen 10-year gilt yields reach 1.16 per cent, their highest level in four months, in a sign inflation is creeping up in the UK economy.
-
NewsPensions minister outlines plans, warns of AE challenges
Pensions minister Richard Harrington laid out his intentions for the pensions industry today, speaking at the Pensions and Lifetime Savings Association’s annual conference in Liverpool.
-
NewsNortel scheme could avoid PPF after creditor agreement
The trustees of the Nortel UK pension scheme edged closer to repairing its deficit last week as they reached a consensus with other stakeholders and creditors on how to divide their insolvent sponsor’s residual assets.
-
News
TPR and PPF call for muscular regulation
Both the Pensions Regulator and the Pension Protection Fund have called for more wide-ranging, interventionist regulation of defined benefit schemes, evidence published by the Work and Pensions Committee has this week shown.
-
News
TPR uses lesser-known power to move scheme into the PPF
The Pensions Regulator has used its voidable modification powers to move a scheme attached to an insolvent employer into the Pension Protection Fund, it reported this week.
-
News
Select committee inquiry: What should change to safeguard DB?
As the deadline for submitting views on defined benefit to the Work and Pensions Committee has passed, experts say there is a need for greater flexibility, potential benefit reductions and increased powers for the Pensions Regulator.
-
NewsQuestions surround Bernard Matthews sale as PPF prepares to step in
Turkey producer Bernard Matthews has gone into administration, with the pension scheme expected to enter the Pension Protection Fund assessment period, but questions remain as to why the scheme was allowed to fail.
-
NewsBritish Steel pensions rule change proposals shelved
The government has reportedly put aside plans to change pensions legislation that would allow Tata Steel UK’s pension scheme to stay out of the Pension Protection Fund, according to insiders briefed on the issue.
-
News
HMRC buys more time on EU VAT issue
HM Revenue & Customs has delayed its guidance on alternative solutions for employers seeking to recover value added tax on defined benefit pension administration costs, prompting speculation that a decision will not be made until Brexit negotiations advance further.
-
News
Schemes urged to revisit risk as deficits soar
Defined benefit pension deficits have escalated since last month, but despite the challenging environment and gloomy outlook, some experts say schemes should stay calm and consider re-evaluating their risk portfolios.
-
NewsJohn Menzies considers change as activists increase split pressure
Aviation services and distribution provider John Menzies is in talks with trustees over possible changes to its pension scheme, as the group considers splitting its two businesses under mounting pressure from activist investors.
-
News
Chair competence key as survey highlights inefficient meetings
Any Other Business: Pension fund trusteeship is a time-consuming role with huge responsibilities covering a wide range of topics, but are the boards running schemes using their time wisely?
-
News
CPI and RPI gap at largest for five years as schemes eye law change
The retail price index and consumer price index were the farthest apart they have been for five years in last month’s inflation figures, prompting debate that legislation could level the playing field for schemes using RPI for benefit increases.
-
News
Monitoring crucial as transfer requests could creep up
Defined benefit schemes could see increased levels of transfer quotation requests as low gilt yields push values higher. Experts have said trustees should monitor request numbers and manage their liquidity accordingly.
-
News
Pension schemes steer clear from selling gilts as rate pain intensifies
Pension funds struggling with low yields have held back from selling long-dated government bonds, causing the Bank of England to miss its gilt buying target on Tuesday.
-
News
Select committee seeks views on expanding regulator powers
The Work and Pensions Committee is to consider amending the powers of the Pensions Regulator and the make-up of the Pension Protection Fund as part of its ongoing inquiry into the Pension Protection Fund and the Pensions Regulator following the collapse of BHS.
-
News
Hedged Aviva schemes survive rate cut
Pension schemes sponsored by insurance giant Aviva have reported a marked increase in their accounting surplus owing principally to falling interest rates, but experts warn of further pain for schemes which are not hedged against interest rate risk.
-
NewsRailways scheme on track with cost management
The Railways Pension Scheme has saved £100m in fees, having restructured its external management and pooled fund arrangements, but despite being cost-conscious, the fund remains focused on net returns.