Defined Benefit
Alan Rubenstein: DB consolidation right answer for only a 'minority' of schemes
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Field questions TPR over lessons learnt from Kodak Pension Plan
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).
Nationwide survey reveals LGPS funds' high levels of confidence
A nationwide survey of committee and local pension board members of the Local Government Pension Scheme has revealed high levels of confidence in all areas of their responsibility.
Kodak Pension Plan 'likely to move into the PPF', say trustees
The trustees of the Kodak Pension Plan No.2 (KPP2) have said it will likely enter the Pension Protection Fund (PPF) in "due course" after reviewing the scheme's investment in Kodak Alaris.
Greene King completes £50m buy-in with Scottish Widows
Pub retailer and brewer Greene King has signed a £50m bulk annuity contract with Scottish Widows for the Spirit Pension Scheme.
An inside look at Clara, the quiet DB consolidator getting ready to roar
With DB consolidation vehicles set to take the limelight, James Phillips speaks to Clara co-founders Adam Saron and Kim Toker about the fund's model, ambition and wider views
Scheme funding crisis talk could lead to 'Super PPF' solution
Richard Favier thinks fears of a funding crisis in DB schemes are overblown but says, if he is wrong, a 'Super PPF' could well be one of the solutions considered by policymakers.
USS joint expert panel recommends risk review and reduced contributions
Too much weight was placed on a test determining the manageable distance to self-sufficiency within 20 years for the Universities Superannuation Scheme (USS), a joint expert panel has concluded.
Pension transfer values fall slightly over August
Pension transfer values fell from £233,000 at the end of July to £232,000 at the end of August, according to XPS Pensions Group's monthly index.
Mind the gap: How trustees can improve transfer out processes
Done properly, DB to DC transfers can benefit the member, the trustees and the sponsor. But, as Mark Evans says, there is need for improvements in the area of transfer out processes.
Airways Pension Scheme lands £4.4bn pensioner buy-in with Legal and General
The British Airways sponsored Airways Pension Scheme (APS) has completed a £4.4bn pensioner bulk annuity buy-in with Legal & General.
PPF 7800 deficit up 4% during August to £65.3bn
The combined defined benefit (DB) deficit increased by £2.5bn over August to £65.3bn on a section 179 basis, according to the Pension Protection Fund's (PPF) latest update.
TPR: Small DB schemes 'lagging behind' well-run larger counterparts
The majority of defined benefit (DB) savers may sit in "well-run, larger schemes", according to The Pensions Regulator (TPR), but the watchdog has warned it will act on smaller schemes that are "lagging behind".
Rubenstein quits The Pension Superfund as first deal looms
Alan Rubenstein and Marc Hommel are stepping down from their positions as chief executive and head of origination at The Pension Superfund, just six months after its launch.
One in five FTSE 350 companies do not disclose funding deficit or surplus position
FTSE 350 companies are failing to disclose to stakeholders a range of important data about their defined benefit (DB) obligations, a Lincoln Pensions study finds.
DB deficit falls again in August
All UK private sector defined benefit (DB) schemes saw a £10bn improvement in funding on a gilts plus basis last month, according to PwC's Skyval index.
ONS: DC membership up 20% in 2017 but contribution rates fall by 19%
Occupational pension scheme membership hit a record high in 2017, with more than 41.1 million people saving through the workplace, latest Office for National Statistics (ONS) data reveals.
FTSE 100 pension schemes slip back into deficit
The UK's 100 largest listed companies saw their combined defined benefit (DB) funding level fall by 80 basis points during August, according to JLT Employee Benefits.
Whitbread promises contribution to DB scheme after Costa Coffee sale
Whitbread has pledged to use proceeds from its proposed £3.9bn sale of Costa Coffee to Coca-Cola to make an additional contribution to its defined benefit (DB) scheme.
How to give overseas DB members the correct advice in transfer exercises
DB schemes are increasingly running transfer exercises to manage liabilities. Jonathon Webb looks at how to ensure overseas members are given the correct advice and included in the process
Melrose delays business sale aimed to fund GKN pensions
Melrose Industries has postponed the sale of one of its American subsidiaries from which some proceeds were earmarked for the GKN pension schemes.
Industry says strengthened TPR will require extra resource
Stephanie Baxter gauges industry reaction to the government's consultation on strengthening the powers of The Pensions Regulator
Airways Pension Scheme defers appeal decision to September
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
LDI activity rebounds in Q2 after subdued Q1; LIBOR to SONIA switching driving activity
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
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