More defined benefit news – Page 8
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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
The aggregate funding position of private sector defined benefit (DB) schemes improved through March to give an overall surplus of £455.5bn at the end of the month, according to the Pension Protection Fund (PPF).
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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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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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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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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.
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NewsPension providers call for stronger regulation of advisers
As part of a wide-ranging set of recommendations for improving the UK pension system, pension funds and insurers want advisers to face greater scrutiny.
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NewsWhat can DB schemes do with funding surpluses?
Ahead of last week’s DWP consultation paper, Pensions Expert spoke to legal advisers to investigate the issues schemes face when dealing with funding surpluses.
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NewsReaction: DWP plans to free up DB scheme surpluses
Industry experts have tentatively welcomed the government’s proposals for making it easier to “extract” surpluses from DB schemes.
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NewsHighlights from TPR’s latest DB data report
The regulator this week published its latest data on the private sector defined benefit (DB) landscape. Here’s what we learned.
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NewsThe changing face of bulk annuities
The bulk annuity market is changing fast, with scale and the range of options expanding as schemes and providers innovate.
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NewsDB schemes maintain strong funding position through January
The PPF 7800 index’s latest update adds weight to the expectation of a bumper year for bulk annuities.