All scheme funding articles – Page 19
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News
UK pension deficit falls by £80bn to £210bn
On the go: January saw a significant in improvement in the funding level of the UK’s 5,450 defined benefit pension schemes.
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OpinionTPR: 2019 must see member security improve
2019 already looks set to be a busy year. Notwithstanding the challenges that may be thrown in our direction, we think there is a lot to look forward to in pensions.
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OpinionWhat to consider when agreeing a recovery plan in 2019
Agreeing an appropriate recovery plan is often a complex balancing act for trustees and may include difficult negotiations with sponsors.
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FeaturesHighland scheme mulls insurance policy for ill health retirement costs
The Highland Council Pension Fund is considering the option of taking out an insurance policy to protect the scheme against substantial ill-health retirement costs.
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News
DB funding slips lower over December
On the go: Surplus in the UK's defined benefit pension schemes evaporated over December, according to a funding measure used by the Pension Protection Fund.
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News
Whitbread derisks pension scheme with £380m one-off payment
On the go: The leisure group Whitbread has agreed with the trustee of its defined benefit pension scheme, the Whitbread Group Pension Fund, to make a one-off contribution to the pension fund of up to £380m.
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News
UK DB deficit shows modest improvement over 2018
On the go: The aggregate accounting deficit of all UK private sector defined benefit pension schemes has shown a modest improvement over the year, according to JLT Employee Benefits, falling to £107bn at December 31 2018 from £119bn a year earlier.
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OpinionPPF remains well-equipped to meet DB financial challenges
This month we unveiled the thirteenth edition of the Purple Book, in what has been another fascinating year for defined benefit pensions.
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News
DB schemes move into surplus
On the go: UK defined benefit pension schemes have moved into surplus after the Pension Protection Fund made changes to the way the PPF 7800 Index is calculated.
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FeaturesShell launches online hub to meet member demand
Royal Dutch Shell has introduced a new financial education hub for employees, as members of the company’s pension fund show appetite for online communications.
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News
DB health improves but covenant strength ignored
Defined benefit pension schemes are not paying enough attention to the likelihood of their employer going bust when setting investment strategy, according to a new study assessing funding levels in the context of sponsor health.
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News
UK pension scheme deficit triples over October to £107.7bn
On the go: The aggregate deficit of the UK’s 5,588 pension schemes in the PPF 7800 Index has nearly tripled over October to £107.7bn at the month’s end, from a deficit of £38.7bn at the end of September 2018.
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News
More unions eye CDC as possible negotiation outcome
What is good enough for postal workers is, it would appear, not good enough for academics.
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News
FTSE 100 DB risk drops nearly a quarter
The aggregate risk across FTSE 100 defined benefit schemes has fallen to its lowest level in four years, according to research that seeks to integrate covenant and investment risk.
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News
PPF: UK DB liabilities drop by another £40bn
On the go: Defined benefit funding levels have risen over September, bringing the UK's aggregate deficit to £38.7bn on the Pension Protection Fund's section 179 basis.
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OpinionHow should schemes react to stagnating life expectancy?
Last week, the Office for National Statistics released figures showing that life expectancy in the UK has stagnated at 79.2 years for men and 82.9 years for women.
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OpinionDo you want to live forever?
Editorial: Longevity serves as a useful euphemism in the pensions world.
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News
Life expectancy flatlines for first time in decades
Life expectancy in the UK has flatlined in the last two years, according to the Office for National Statistics, with drops in the life expectancy of babies born in Scotland and Wales putting an end to decades of improving longevity.
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OpinionTrustees must not shirk responsibility on DB transfers
From the blog: The Merchant Navy Officers Pension Fund has, in common with many other defined benefit pension schemes, seen a significant increase in transfers out of the fund since the introduction of pensions freedoms introduced three years ago under the then pensions minister, Steve Webb.
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OpinionNew regulator powers will only accelerate DB disappearance
From the blog: The government has floated well-intentioned reforms intended to strengthen the arm of regulators against dodgy bosses, but the proposed changes risk undermining trustees and making further scheme closures more likely.