All Defined benefit articles
-
NewsFinance chiefs divided over how to use DB pension scheme surpluses
Key corporate decision-makers are split over how to prioritise the use of defined benefit pension scheme surpluses, according to new research by Independent Governance Group.
-
NewsBulk annuities latest: Interface, Biffa and FirstGroup secure buy-ins
A trio of bulk annuity transactions have been publicised in recent days, securing the benefits of 4,700 members in deals totalling £450m.
-
NewsRegulator gives green light to TPT to launch superfund
TPT has secured investment capital to back between £1bn and £1.5bn worth of transactions, and said it was already in discussions with “a growing number of schemes”.
-
OpinionRailpen: The role of DB in boosting pension adequacy
With pension adequacy at the forefront of industry reforms, Railpen’s Jonathan Clark urges policymakers not to forget the vital role played by open defined benefit pension schemes for millions of people across the UK.
-
NewsBulk annuities latest: L&G seals £1.7bn deal with UBS; Royal London insures steel scheme
Legal & General has completed the biggest defined benefit pension scheme buy-in so far this year, insuring 7,000 members of a section of the UBS UK Group Pension Plan.
-
NewsSuperfund sector set to ‘take off’ as Clara onboards six schemes in unique deal
Following four deals announced this year, Clara-Pensions’ assets under management are now in the region of £2.5bn as consultants predict “exponential growth” for the superfund sector.
-
NewsDB schemes navigate volatility to finish Q3 with stronger funding position
The PPF 7800 index reported that the total surplus across the 4,838 funds it covers reached £280.7bn at the end of September, equivalent to a funding ratio of 135%.
-
NewsThe next pensions scandal?
Thousands of women lose out on pension benefits when they divorce, with Excalibur Actuaries warning that unfair sharing arrangements have “all the hallmarks of another pensions scandal in the making”.
-
NewsWhy administrators are causing sleepless nights for DB trustees
Third-party vulnerability is among the biggest cyber risks facing DB pension schemes, according to a professional trustee survey
-
OpinionABI: Surplus extraction - lessons from insurers
As DB schemes gain greater flexibility to extract surplus, the ABI’s Robyn Smith argues that lessons from insurance regulation could help ensure greater freedom is matched by robust safeguards for members.
-
OpinionSPP: Is your pension scheme ready for run-on?
The Society of Pension Professionals’ Guy Bottomley looks at how pension schemes can prepare for the new run-on and surplus release options opening up for them.
-
NewsArco Group Pension Scheme agrees to transfer to Clara superfund during M&A
Clara and Arco announce landmark agreement
-
OpinionWhy resilience should define pension scheme investment strategy in an uncertain world
Brightwell chief executive officer Morten Nilsson outlines the importance of resilience and understanding how risk management has changed as the wider investment universe has shifted.
-
NewsInsurers urged to give more information on post-deal customer service
LCP and Law Debenture are calling for insurers to disclose comparable data around customer service and administration to help trustees make decisions on bulk annuity transactions.
-
NewsAttractive pricing expected to keep bulk annuity market bouyant through 2026
Attractive insurance pricing should lead to a busy end to 2026 for the bulk annuity market, despite muted volumes in the first half, according to new analyses.
-
NewsTPR data shows continued funding improvements as new regime looms
Data from the Pensions Regulator shows continued improvement in funding levels for defined benefit pension schemes, as trustees review endgame options amid an expanded menu of options.
-
People NewsMurray takes over as chair for Railways Pension Scheme
Richard Murray is taking over from Christine Kernoghan as chair of trustees for the £36bn multi-employer pension scheme for the railways sector.
-
NewsEndgame latest: Trio of announcements from buy-in to wind-up
The latest updates on endgame activity span from Canada Life’s £52m buy-in to the full wind-up of a flavours and fragrances company’s defined benefit pension scheme.
-
NewsXPS urges fiduciary manager reviews as more DB schemes consider run-on
Improved funding levels and changing DB endgames are altering what schemes need from their fiduciary managers, according to XPS Group.
-
NewsPension groups back PPF valuation changes but raise levy concerns
Proposed changes to PPF valuation assumptions have prompted calls for a wider rethink of s179 requirements and warnings over unintended consequences for levy calculations and Fast Track funding.