More defined benefit news – Page 157
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Bulk annuity growth could tackle competition gap
New analysis: More insurers are expected to join the bulk annuities market to meet growing demand from pension funds, after concerns were raised over competition in the sector.
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United Utilities ups interest rate hedge after hitting trigger
United Utilities has increased interest rate hedging in its defined benefit schemes in order to reduce risk, working towards its target of full protection against interest and inflation rate fluctuations.
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Employers open to risk of reporting errors on contingent assets
News analysis: Employers have been told to approach the use of certain contingent asset funding deals with caution, after the Financial Reporting Council said solvency improvements could be cause for investigation.
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Thales commits £1.6bn to scheme after funding drop
Thales UK pension scheme has enhanced its recovery plan following a deterioration of its funding position due to low interest rates.
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IBM portal gets 5,000 sign-ups as scheme goes paperless
More than 5,200 active employee members have signed up to IBM Pensions Trust’s online pensions management portal since it was launched in the middle of last year.
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Infrastructure top of agenda despite hurdles
Data analysis: Defined benefit and defined contribution schemes are once again circling infrastructure investments, but a lack of underlying assets and suitable funds – especially for DC investors – is holding back inflows.
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BA uses triggers to grab derisking opportunities
British Airways’ New Airways Pension Scheme has implemented a liability-hedging framework aiming to capture outperformance, as schemes take a more opportunistic approach to derisking.
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WMPF portal drives 19% increase in web engagement
West Midlands Pension Fund has seen a substantial increase in traffic to its website following the launch of an online portal providing scheme information to members and employers.
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Scheme confidence drives LDI take-up
News analysis: Three-quarters of UK defined benefit pension schemes are using or planning to use liability-driven investment strategies, as increasing delegation is encouraging more complicated approaches.
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Improved funding levels set off derisking triggers
Four in 10 schemes hit derisking triggers in the year to September as funding levels recovered and institutional investors looked to take risk off the table.
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Schemes face series of admin hurdles in 2014
2014 preview: Pensions liberation, data and tax are among the major administrative challenges schemes will face next year, industry experts have cautioned.
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Investors on the hunt for asset performance
2014 preview: Next year will provide defined benefit schemes more derisking opportunities, while defined contribution schemes may need to diversify further during their growth phase, investment experts have predicted.
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How the DB code of practice may affect your scheme
News analysis: Schemes should take a more integrated approach to investment, funding and covenant in their risk management, according to the Pensions Regulator’s consultation on its defined benefit code of practice.
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Micro scheme membership slumps as market consolidates
Data analysis: The total membership of small schemes with between two and 11 members has fallen by two-thirds over recent years as the market consolidates and auto-enrolment beds in.
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Kent ups property to benefit from stronger yields
Kent Pension Fund has decided to increase its exposure to property by almost 20 per cent to take advantage of attractive yields.
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LGPS given reform blueprint to cut costs
News analysis: Local government pension schemes are being called upon to increase governance and change investment structures to save taxpayers £1bn a year.
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Schemes take more holistic approach to risk management
News analysis: More schemes are taking an integrated approach to investment, covenant and funding in their risk management planning, but there is still a disconnect between schemes’ investment strategy and valuation process, according to research.
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Ineos reviews pension structure after Grangemouth dispute
Ineos has put its pension funds under consultation until mid-December to dampen the impact on its balance sheet, as part of an agreement to keep the Grangemouth plant running.
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Managing your money purchase legislative risk
News analysis: Managers of pension schemes that have hybrid elements such as additional voluntary contributions have been urged to investigate the impact of a legislative change that could increase their costs.
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Notts fund: stable investment ensures performance
Nottinghamshire Pension Fund has advocated a steady state investment strategy to improve efficiencies and reduce costs in the local government sector.