Defined Benefit
Purple Book reveals scheme funding has worsened, but PPF remains confident of success
Scheme funding in the defined benefit (DB) universe has worsened, but the Pension Protection Fund (PPF) remains confident it can tackle the challenges ahead, it says as it launches its 2020 Purple Book.
Debenhams schemes remain in PPF assessment after rescue attempt fails
Debenhams’ pension schemes are continuing in Pension Protection Fund (PPF) assessment after administrators failed to rescue the company from collapse.
DB funding - November 2020: FTSE 350 schemes 'hold up' against volatile environment
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the November 2020 estimates on the various measures…
Green and TPR urged to find solution for Arcadia scheme members
The collapse of Sir Philip Green’s retail giant Arcadia must be met with clear solutions and support for its pension scheme, which looks likely to enter Pension Protection Fund (PPF) assessment, Stephen Timms has said.
Trustees have 'false confidence' in their scheme strategies
Nearly every trustee is confident of the next stage in their scheme’s strategy, despite almost an equal number being forced to consider replacing plans within the prior 12 months, according to research by Barnett Waddingham.
Companies overstate liabilities by £60bn amid Covid deaths
Companies could be overstating their pension liabilities by up to £60bn due to their life expectancy assumptions, according to XPS Pensions Group.
Updated: Landmark GMP ruling 'significant challenge' for schemes
Defined benefit (DB) schemes that provide GMPs must revisit and, where necessary, top-up historic cash equivalent transfer values (CETVs) that have been calculated on an unequal basis, a landmark court judgment said last week.
FCA must stop DB transfer history repeating
Regulators must act now to impose some "proper regulation" to stop another defined benefit (DB) transfer advice disaster, saysTim Sargisson.
DB funds as an economic lever could derail schemes from responsibilities
Opportunities for defined benefit (DB) schemes to pursue investment approaches that help repair the UK’s economy cannot stand in the way of improving member outcomes, Aegon says.
DB transfer activity rises as 60% show signs of possible scams
More members transferred out of defined benefit (DB) pension schemes in October after September's record lows while values were surprisingly stable, according to XPS Pensions Group's Transfer Watch.
Funding negotiations in uncertain times
Joanna Smith says trustees will need to accurately identify if covenant issues are short-term affordability concerns, or the start of more material deterioration.
FCA opened 67 investigations into DB transfer advice over last three years
Consumer complaints against firms for misadvised DB transfers also rising
Not every McCloud has a silver lining
Moira Warner looks at what changes to the Judicial Pension Scheme actually mean.
'Unanswered questions' remain around DB scheme funding
Questions remain unanswered around defined benefit (DB) scheme funding, according to analysis by Lane Clark & Peacock (LCP).
DB schemes make gains in Q3 but covenant concerns remain
Defined benefit (DB) pension schemes almost recovered to pre-coronavirus levels in the third quarter after strong performance of growth assets and a rise in nominal interest rates.
Chappell faces fourth bankruptcy to pay BHS contributions
Former BHS owner Dominic Chappell potentially faces his fourth personal bankruptcy in order to pay £9.5m of contributions he owes to the failed retailer’s pension schemes.
DB funding - October 2020: Small rise in PPF 7800 deficit as second Covid-19 wave sets in
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the October 2020 estimates on the various measures…
Aligning your portfolio with your goals
Marian Elliott says a strategic framework can help trustees meet their objectives, and allow schemes to cope if things go wrong.
Partner Insight: Using DB schemes to improve outcomes from redundancy
As the economic consequences of COVID-19 continue to bite, many employers are making difficult decisions in relation to the size and shape of their workforce. At the same time, job prospects for those who find themselves unemployed are bleak – many older...
What will the 2020 Growth Plan valuation mean for employers?
Chris Hawley, Jonathan Hazlett and Joe Webster look at what the potential outcome of TPT’s Growth Plan’s 2020 valuation could mean for participating employers.
'Wake-up call' to fiduciary managers as one-third of schemes switch providers following retender
Just over one-third (36%) of schemes retendering for full fiduciary management services are switching providers, latest analysis by Isio reveals.
PIC invests £40m in London property development
Pension Insurance Corporation (PIC) has invested £40m in debt issued by the Royal College of Surgeons in England to finance the redevelopment of its London headquarters.
FCA issues data request to 65 advisers over Rolls Royce DB pension scheme
The Financial Conduct Authority (FCA) has issued a data request to 65 financial advisers who advised on transfers from the Rolls-Royce defined benefit (DB) scheme.
Most read
