All recovery plan articles – Page 6
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News
Renishaw in recovery plan discussion with regulator
British engineering company Renishaw has been in discussions with the Pensions Regulator after the watchdog questioned its recovery plan, potentially leading to a £45m cash contribution to the scheme if the current recovery plan is terminated.
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Features
Which schemes are destined for the PPF?
The majority of smaller stressed defined benefit schemes are likely to end up in the Pension Protection Fund, according to consultancy Barnett Waddingham, as it raised concerns that the Pensions Regulator's new tougher stance may remove vital flexibility from the system.
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NewsCarillion: Regulator blasted for grasp of key facts on DB
Executives at the Pensions Regulator have been lambasted by MPs for being poorly informed and undermining confidence in pensions, after they appeared unable to answer questions on subjects including “a major KPI” of defined benefit scheme health.
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News
Trinity Mirror commits to Northern & Shell schemes
Trinity Mirror has announced the acquisition of Northern & Shell's publishing assets for a total purchase price of £126.7m. The buyer has agreed measures to support its acquisition’s pension schemes.
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Features
CPI, admin and Mums: Top 5 DB and derisking stories from 2017
Year in review: Funding and liability management took centre stage during 2017, as the debate over defined benefit pension scheme sustainability and member protection ramped up.
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FeaturesJohn Laing targets speedy return to full funding
The John Laing Pension Fund has agreed a recovery plan worth £171m to be paid over seven years by its sponsor, infrastructure investor John Laing, following an actuarial valuation.
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NewsHenderson agrees recovery plan after funding fall
Investment manager Henderson Group has agreed a recovery plan with its trustees after its defined benefit scheme fell out of surplus at the latest triennial valuation.
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OpinionWhat to bear in mind with asset-backed funding
Asset-backed funding structures seemed all the rage a few years ago. Everyone was interested in understanding this new and innovative vehicle that promised a substantial and mutually beneficial solution to defined benefit funding issues.
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NewsJohn Lewis slashes deficit with CPI switch
Retailer John Lewis has agreed a new recovery plan with the trustees of its defined benefit scheme after a large reduction in the funding deficit, due in part to a change in inflation indexing.
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News
Johnson Service Group adds £1.5m on top of recovery plan
Textile rental provider Johnson Service Group has committed to paying £1.5m to its defined benefit scheme following the £8.25m sale of its dry cleaning business to Timpson Group.
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NewsAlstom energised by employer guarantee and extra contributions
The Alstom Pension Scheme has agreed an increase in recovery plan contributions following a drop in its funding level, but the decision has been buoyed by a strengthened sponsor guarantee.
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Features
Increased contributions for BA scheme rewarded by investors
The trustees of the New Airways Pension Scheme have agreed a new funding arrangement with sponsor British Airways, a move that saw share prices in BA’s parent company International Airlines Group soar by more than 5 per cent on Wednesday.
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News
Company disclosures lack detail, report concludes
Companies need to provide more information on their defined benefit pension obligations, experts have said, after a study by Lincoln Pensions revealed a lack of clarity on many key issues.
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NewsDe La Rue extends recovery plan and ups bonds
Banknote and passport printer De La Rue has agreed an extended recovery plan with its pension scheme trustees after its most recent actuarial valuation showed an increased deficit of £252m.
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NewsStaveley agrees £73.6m recovery plan
The Staveley Pension Scheme has agreed a new, £73.6m recovery plan with its sponsoring employer after its most recent actuarial valuation found a £100m deficit.
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Features
Will the BHS fallout ring alarm bells across the corporate sector?
FTSE companies come and go, but the failure of retailer British Home Stores a year after being sold for a pound is likely to become a watershed moment in UK pensions.
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News
Nilgosc to allow lump sum contributions
The Northern Ireland Local Government Officers Superannuation Committee plans to ask for upfront deficit contributions for this year’s LGPS valuation from its employer members as the public sector in Northern Ireland shrinks.
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News
Cash flow is important but not pressing, experts say
For the first time, the Pensions Regulator explicitly included cash flow considerations in its annual funding statement, published last week. Industry insiders welcomed the move, but said the statement has raised other equally important concerns.
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FeaturesSainsbury's marks down deficit by £262m
Sainsbury’s Pension Scheme has reduced its post-tax deficit by £262m in the past year, following exceptional employer contributions and an increase in the discount rate.
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FeaturesHalcrow plots rescue of DB scheme
Engineering company Halcrow’s pension scheme is expected to agree a liability-management exercise in coming weeks after the High Court ruled a previous proposal was illegal.