All Defined benefit articles
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NewsBrightwell to administer Rolls-Royce scheme following buyout
Pension Insurance Corporation has completed a £4.3bn buyout of the Rolls-Royce Pension Fund in nine months, a transition aided by a new administration partnership with Brightwell.
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NewsDB schemes end first half with £264bn surplus on PPF measure
Despite the broadly positive position, the PPF’s data showed that the aggregate position of schemes in deficit on a PPF basis worsened over the course of June.
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NewsBulk annuities: Large deals could return in H2, says Standard Life
Bulk annuity market capacity and pricing dynamics could shift in the months ahead as larger pension schemes seek to tap the insurance market, according to Standard Life.
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In DepthSpecial report: Which companies are driving bulk annuity activity?
Pensions Expert analysis shows which law firms, professional trustees and consultants are most active in the bulk annuity market.
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NewsPPF reserves hit £15bn ahead of pre-97 compensation change
The lifeboat fund for defined benefit pension schemes has begun contacting members with pre-97 benefits regarding inflation-linked uplifts that will begin in January.
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NewsEndgame delays could cost schemes millions in surplus, claims fiduciary manager
Van Lanschot Kempen argues that delaying decisions on endgame options could mean schemes miss out on potential investment returns that could in turn boost surplus release payments.
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NewsBulk annuities: Rothesay launches small scheme service; PIC and Canada Life seal buy-ins
Rothesay is the latest company to launch a dedicated service for pension schemes below £100m, while rival insurer Pension Insurance Corporation has secured a £35m buy-in with a music education company’s scheme.
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FeaturesKeep on running: How will endgame options affect the bulk annuity market?
With appetite for ‘run on’ and other alternative endgame solutions on the rise, will there be a knock-on effect on the bulk annuity market? Jon Yarker reports.
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NewsBritish Coal scheme appoints BlackRock for £8bn fiduciary mandate
The world’s largest asset manager has secured the fiduciary management mandate for the British Coal Staff Superannuation Scheme as it continues to mature.
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NewsPension giants launch group to tackle dual-class vote disclosure
A new working group will develop guidance on class-by-class vote reporting after UK listing rule changes in 2024 allowed controversial unequal voting rights structures.
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NewsRun-on trend creating ‘safe harbour’ insurance opportunity for small DB schemes
Smaller defined benefit schemes may benefit from stronger insurer competition as larger schemes explore alternatives to buyout.
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People NewsDame Kate Barker to leave USS as part of senior reshuffle
Next year will see new faces take over chairing the UK’s largest pension scheme and its wholly-owned investment management subsidiary.
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NewsHealth improvements could affect DB liabilities, trustees advised
Most DB trustees are yet to factor in how breakthrough health treatments could affect liabilities, despite their potential to reshape future mortality trends, according to Standard Life.
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OpinionRailpen: What does a member-first approach really mean?
Nic Cromack, chief officer for member services at Railpen, explains how the pension scheme has overhauled its approach and continues to innovate to support members.
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NewsPrivate investor group supports DB scheme with capital injection
A defined benefit pension scheme has agreed a rare “capital-backed investment” transaction with a private investment firm to secure an injection of capital to improve its funding position.
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NewsTrustees under pressure to use surplus powers despite conflict concerns
With new surplus release flexibilities coming into force through the Pension Schemes Act, a survey of defined benefit pension scheme trustees has found a growing appetite for run-on but concerns about potential conflicts of interest.
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NewsTrustees urged to embrace accreditation and ‘continuous learning’
Panellists at the PMI’s annual conference in London argued that trustee capability must evolve beyond technical knowledge to include stronger decision-making, leadership and behavioural skills.
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NewsDC assets to overtake DB as retirement saving transforms
Data from the Department for Work and Pensions shows how DC is expected to grow in the years ahead – but shrinking overall assets further emphasise the adequacy issue facing the sector.
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OpinionBetter admin is the key to improving retirement outcomes
Rory Murphy, former chair of the Merchant Navy Officers’ Pension Fund, calls for urgent action to raise administration standards and stop members from being negatively impacted by poor practices.
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NewsDWP to review flexible apportionment rules after Stagecoach-Aberdeen deal
The government plans to review rules permitting the transfer of defined benefit pension schemes from one sponsor to another in the wake of the landmark Stagecoach-Aberdeen deal.