All scheme funding articles – Page 6
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NewsMid-sized deals prompt strong growth in bulk annuities market
On the go: Strong demand for bulk annuity transactions is likely to persist until the end of the decade, with annual liability deals totalling around £40bn, according to a new report from Moody’s Investors Service.
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NewsDB schemes’ health reaches record high
On the go: The health of UK defined benefit pension schemes edged upwards to a record high at the end of last year, according to Legal & General Investment Management.
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NewsUCU proposes solution to avoid further USS strikes
The University and College Union has presented a new set of proposals it says will avert future strike action over Universities Superannuation Scheme benefits.
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NewsDB schemes’ surplus rises by £48bn in December
On the go: The aggregate surplus of the 5,215 defined benefit schemes in the Pension Protection Fund 7800 Index increased by £47.9bn in December.
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People NewsPLSA to expand policy board expertise
On the go: The Pensions and Lifetime Savings Association is looking to expand the range of expertise on its policy board and committees, calling on experts from across the industry to apply for roles.
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NewsLGPS market value up nearly 25 per cent in a year
On the go: The market value of the Local Government Pension Scheme rose by 23.8 per cent in 2020-21 when compared with 2019-20, according to new figures from the Department for Levelling Up, Housing and Communities.
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NewsPodcast: Fiduciary trumps politics if divesting from ‘illegal Israeli settlements’
Podcast: Local Government Pension Schemes looking to divest from Israel should do so on grounds of sustainability and fiduciary responsibility, not because of politics and personal morality, says Richard Butcher, managing director of PTL. He is joined by Ian Neale, Aries Insight co-founder, to discuss divestment, defined benefit funding and ageing populations.
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NewsGAD lists recommendations for LGPS 2022 valuation
The Government Actuary’s Department has published its statutory review of the Local Government Pension Scheme, listing a number of recommendations for the imminent 2022 valuations.
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NewsMcCloud rebellion grows as six unions file for judicial review
Six trade unions want to take the government to court in a bid to stop it imposing the cost of the McCloud remedy on their members, with one considering strike action.
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NewsDWP begins engagement over multi-employer CDC schemes
Pensions minister Guy Opperman has confirmed that preliminary work has begun on the creation of multi-employer collective defined contribution schemes, as the Department for Work and Pensions publishes its response to the consultation on single-employer arrangements.
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NewsTPR’s DB funding code consultation delayed until ‘late summer’ 2022
The second consultation into the Pensions Regulator’s new defined benefit funding code will be delayed until “late summer” 2022.
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News‘Transitory’ inflation soars to 10-year high, with more pain to come
Inflation soared to a 10-year high of 5.1 per cent in the year to November 2021, and those who once argued that the inflationary trend would be transitory are now warning that the worst is yet to come.
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NewsDB funding code’s bespoke route could reduce schemes’ costs
Forty per cent of FTSE 350 defined benefit schemes will not be sufficiently well funded to opt for the ‘fast-track’ route in the Pensions Regulator’s forthcoming DB funding code, but the bespoke route offers significant cost savings.
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NewsDB schemes’ surplus falls by £33bn in November
On the go: The aggregate surplus of the 5,215 defined benefit schemes in the Pension Protection Fund 7800 Index fell by £33.1bn in November.
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NewsDB scheme membership plummets 2.5m in 10 years
On the go: New data from the Pensions Regulator shows that defined benefit schemes continued to decline in 2020-21, a decrease that has gone almost unbroken since 2012.
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NewsDB schemes derisk investments as funding levels improve
On the go: Defined benefit schemes are increasingly looking to derisk their investment approach to protect their improved funding levels, according to new research from Aon.
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NewsScottish pensions agency proposes raft of LGPS amendments
The Scottish Public Pensions Agency has launched a consultation into a host of changes to the Local Government Pension Scheme in Scotland, covering early payment of pensions, survivor benefits and the cost cap.
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NewsPPF Purple Book shows improved DB funding but risks remain
Data crunch: Scheme deficits have recovered by £100bn since the low point of the Covid-19 pandemic, while the Pension Protection Fund liabilities with schemes in assessment are down by more than £4bn, according to the PPF’s Purple Book 2021.
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NewsPPF updates guidance in light of Bauer, Hampshire judgements
On the go: The Pension Protection Fund has issued updated guidance accounting for the judgements in the Hampshire and Bauer cases and the disapplication of the PPF compensation cap, confirming that no further allowance needs to be made for their impacts.
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NewsEmployers’ wish list for TPR’s DB funding code
On the go: Employers have expressed support for some elements they would like to see outlined in the second consultation on a new defined benefit funding code, which is expected in the next few months.