More defined benefit news – Page 158
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News
Housing group shoots for double contributions in scheme revamp
Shepherds Bush Housing Group are to make its defined contribution scheme the "centrepiece" of its staff benefits provision by mirroring the contributions standards set out by the Pension Quality Mark.
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How defined ambition could affect your scheme
Government has outlined proposed legislative modifications to the pensions system including changes to decumulation rules and daily pricing requirements, which could impact current defined contribution and defined benefit schemes.
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Gwynedd presents merger plans to boost returns
News analysis: Gwynedd County Council Pension Fund has taken steps towards establishing a common investment vehicle with other Welsh schemes, as public schemes investigate consolidation to provide savings and higher investment returns.
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Visualise your scheme's demographic shift
Data analysis: Active members have continued to shrink, while deferred member liabilities have continued to rise, presenting a range of investment and governance challenges for UK defined benefit schemes.
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NewsInfrastructure spurs growth in real asset mandates
Data analysis: Real assets proved popular in the third quarter as European pension schemes looked for inflation protection and long-term stable returns, including a large shift towards infrastructure.
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NewsUnilever creates DC committee to focus governance
The Unilever UK Pension Fund has set up a defined contribution committee to boost three key areas of management of its members' savings.
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First Bus uses DC 'nursery' to handle AE
First UK Bus Pension Scheme has set out its redesigned benefits structure, having sought to meet the challenges of auto-enrolment and the end of contracting out by segmenting its workforce.
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Hilton enhances fid man role to reduce volatility
Hilton UK's pension scheme has built greater delegation into its fiduciary management mandate to enable it to make quicker investment decisions and reduce volatility within the scheme.
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FDs urged to collaborate with trustees on DB deficits
Finance directors are making a “big mistake” if they think they can get defined benefit liabilities off their balance sheets without collaboration with trustees, a scheme manager told delegates at the 2013 NAPF conference.
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NESPF payroll shift cuts 25% from processing time
North East Scotland Pension Fund has implemented an integrated payroll system to provide a more accurate and timely way of paying out benefits to members.
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NewsSaul outlines policy for strengthening through mergers
The Superannuation Arrangements for the University of London has detailed its merger policy as part of work to help achieve economies of scale across support staff pension schemes.
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Xerox underlines member responsibility in DC plan
Xerox has called upon employees being transferred from a defined benefit to defined contribution arrangement in January to become more involved in their pension to get a good retirement income.
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Defence schemes 'future-proof' MNT governance
The Selex and AgustaWestland pension schemes have reformed their member-nominated trustee election processes to safeguard decision-making continuity for their beneficiaries.
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MNOPF increases contributions to secure benefits
The Merchant Navy Officers Pension Fund has increased employer and member contributions to the new section of its defined benefit scheme to strengthen its ability to pay future benefits.
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Teesside ups cash awaiting more profitable equity market
Teesside Pension Fund has increased its cash holdings by nearly a quarter after deciding to wait for more favourable conditions before investing further in equity markets.
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Why preparation might not be so crucial to buyout
News analysis: Schemes have been urged to get prepared for bulk derisking deals to benefit from affordability improvements, but one provider has said the necessity of preliminary work is often “overemphasised”.
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NewsInvestment peaks as schemes buy cheaper gilts
News analysis: UK pension funds hit a record of £17bn of net investments during the second quarter, largely as a result of schemes taking advantage of lower bond prices, according to data from the Office for National Statistics.
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Local govt funds swap 'Care' title to explain reform
Local government pension schemes have decided to use ‘account’ rather than Care when communicating their reformed scheme structure to avoid negative associations.
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How competition affects derisking opportunities
News analysis: Reduced competition in the derisking market could limit value for schemes despite opportunities from rising gilt yields, Leadership summit delegates heard, while other market experts defended prices.
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Members need push to use scheme calculators
The use of pension charges calculators to inform members has become the norm for pension funds, industry experts say, but member engagement is still low.