All scheme funding articles – Page 28
-
News
Electrocomponents reboots recovery plan to quell DB deficit
An electronics company pension scheme has agreed a new recovery plan and increased member contributions as its deficit more than doubled in an 18-month period, in part due to longevity risks.
-
Opinion
Interest rates and the PPF
Talking Head: There is no denying that during the past few years the market environment has been challenging for defined benefit pension funds.
-
News
John Laing tackles deficit with £100m alternative financing plan
Infrastructure heavyweight John Laing contributed £100m in cash and equity interests to its pension scheme, as part of a deficit recovery schedule that was revised before floating the company in February.
-
News
Deficit quadruples for Johnson Service scheme
Johnson Service Group has seen its defined benefit scheme deficit more than quadruple after a reduction to the discount rate and the closure of the scheme to future accrual.
-
News
Rentokil sets up escrow as funding level tips into surplus
The Rentokil Initial Pension Scheme has set up an escrow account to prevent employer contributions becoming trapped in the scheme, after its funding level reached surplus.
-
News
DB mastertrusts grow but funding risks drag on demand
Competition is growing in the defined benefit mastertrust market as providers promise the benefits of scale, but experts have urged employers to be mindful about the risks of these structures.
-
News
Energy group sells ships to buoy funding
UK energy major BG Group is using the $460m (£299m) sale of two liquid natural gas carrier ships to quell a rising deficit, the latest development in a 15-year funding deal.
-
News
PPF index highlights DB funding trough, expected to normalise
The Pension Protection Fund’s latest 7800 Index figures showed further deteriorating funding deficits among defined benefit schemes, but industry commentators expressed caution against knee-jerk reactions to the slide.
-
Opinion
Six ways to rethink your derisking plan in a volatile world
Around 40 years ago we experienced the 1970s oil shock, with rising oil prices, rising inflation and rising interest rates.
-
News
How BT structured deal to recover £7bn deficit
The BT Pension Scheme has agreed a revised plan to conquer its £7bn deficit, a deal that experts say will give the scheme particular reliance on the company.
-
Opinion
How the DB code's employer growth objective affects scheme funding
The Pensions Regulator last summer published a revised version of Code of Practice 3 for funding defined benefit pension schemes.
-
News
Volunteering charity makes £2.9m deficit payment after property sale
London-based charity Community Service Volunteers has reported using the sale of property assets to reduce the risk posed by its pension deficit, as defined benefit schemes reach their lowest aggregate funding level in 18 months.
-
Features
How schemes could use secondary debt market after Kaupthing ruling
Legal experts have said a High Court ruling allowing schemes to sell section 75 debts – triggered when an employer leaves a pension scheme – could reduce running costs by speeding up the exit of sponsoring employers.
-
News
Doncaster takes low-rate £28m loan in novel move to fund scheme
Doncaster council has sought to turn the low interest rate environment to its advantage by taking out £28m in short-term loans to help fund its employer contributions to South Yorkshire Pension Fund.
-
Opinion
Where is innovation coming from in fiduciary management?
Barnett Waddingham’s Simon Cohen, Buck Consultants’ Brian McCauley, Goldman Sachs Asset Management’s Carolyn Tavares, Russell Investments’ Shamindra Perera, Sackers’ Stuart O’Brien, and Towers Watson’s Pieter Steyn compare experiences of innovation within the fiduciary management arena, in the final part of this discussion.
-
Opinion
Cash flow certainty versus closer ties to employer's fortunes: how to evaluate SLPs
Arrangements using Scottish limited partnerships, once restricted to the largest pension schemes, are increasingly being proposed for schemes of all sizes.
-
News
Selex grows surplus to £72m but future costs rise
The £530m Selex Pension Scheme has further grown its funding surplus, but its pensions head is unfazed about overfunding as the interest rate environment has pushed up future service costs.
-
Opinion
A good problem to have? Dealing with scheme surpluses
‘Help, my pension scheme is in surplus’, is not a sentence commonly heard among trustees.
-
Opinion
Regulator: Kodak, UK Coal, and how we work with schemes
A key element of our new defined benefit code is to take a more proactive approach to working with trustees and employers to agree funding plans that pave the way for sustainable business growth, while providing security for scheme members.
-
News
Union mulls counter proposals to rival USS reforms
The UK's largest trade union for academics is debating whether to submit counter reform proposals for the Universities Superannuation Scheme, as negotiations continue over the future of one of the UK's biggest remaining final salary pension schemes.