More defined benefit news – Page 15
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NewsUse surplus to restore inflation protection, say trustees
The call comes as DB schemes are enjoying their largest aggregate surplus in years, and the government is seeking to provide more flexibility over accessing this money.
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NewsTPR Annual Funding Statement: Is your scheme’s strategy fit for purpose?
Endgame options, climate risk and sponsor covenant all feature prominently in TPR’s latest annual funding statement.
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NewsSPP urges care over PPF valuation changes
Proposed changes to valuation metrics for schemes in the Pension Protection Fund’s (PPF) assessment period could push smaller funds away from better options in the insurance market, according to the Society of Pension Professionals (SPP).
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News‘Capacity crunch’ risk as schemes failing to plan for dashboards
Less than half of pension schemes have a plan for connecting to the pension dashboard system, according to a poll from LCP.
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NewsPPF as a consolidator: the pros and cons
The pensions industry has called for caution as the government considers expanding the remit of the Pension Protection Fund (PPF) to become a public consolidator for defined benefit (DB) schemes.
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NewsTPR statement of strategy plan ‘asking too much’
The Pensions Regulator’s (TPR) proposal for scheme statements of strategy will create significant additional and unnecessary workloads for trustee boards, industry professionals have warned.
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NewsBulk annuity latest: Just Group announces two buy-ins
Insurance company Just Group has announced two bulk annuity transactions worth a combined £190m.
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NewsSupport for government surplus access plans
Defined benefit (DB) schemes could generate half a trillion pounds in surplus payments over the next decade, according to Van Lanschot Kempen.
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NewsDB schemes end Q1 in strong surplus position
Funding levels improved again in March, PPF data show, helping DB schemes to finish the quarter in a very strong position.
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NewsBulk annuity latest: De Beers seals £870m buy-in
Four bulk annuity deals worth a combined £1bn have been announced this week, further demonstrating the significant amount of activity in the insurance market.
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NewsBulk annuity update: Full scheme buy-ins for Next, Robertson Research
The latest transactions and data from the busy bulk annuity market, including deals backed by PIC, Just Group and Aviva.
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NewsWPC recommends changes to governance, surplus rules
Policymakers and regulators should rethink the low-risk culture of defined benefit (DB) schemes, according to the Work and Pensions Committee.
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NewsDWP confirms timeline for dashboard connectivity
The Department for Work and Pensions (DWP) has set out the deadlines for pension schemes and providers to connect to the pension dashboard ecosystem, beginning from next April.
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NewsTime to pick up the pace on pensions dashboards
The deadline for dashboard connection is more than 18 months away, but as PDP principal Chris Curry explains, trustees need to act now to get their plans in order.
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NewsDashboard providers team up for industry body
Four potential providers of pension dashboards have formed an industry organisation to support the ongoing development of the project.
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NewsCharities urged to review endgame plans for DB schemes
Non-profit organisations could benefit from the government’s relaxation of rules around surpluses, according to new research.
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NewsSuperfund Clara takes Debenhams scheme out of PPF
The commercial consolidator or ‘superfund’ Clara-Pensions has sealed its second deal, taking on more than 10,000 members of the £600m Debenhams Retirement Scheme.
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NewsHow schemes could release £100bn in 10 years
Research by Isio suggests trustees could release significant amounts of capital if proposed government rule changes are implemented.
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NewsRoyal London enters bulk annuity market with two deals
Mutual insurance and investment group Royal London is first of two predicted new entrants to the pension insurance sector.
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NewsPPF confident of success as consolidator
Pension scheme leaders explored the hot topic of DB and DC consolidation at the PLSA’s Edinburgh gathering.