Defined Benefit
Croydon sets up asset-backed funding to reduce pension contributions
An innovative funding structure has been agreed for Croydon Pension Fund. However, there are some concerns about the arrangement. Stephanie Baxter reports
GMP equalisation could land DB members with six figure tax bill
More than 100,000 savers face being landed with huge tax bills following tiny uplifts to their pension, a Freedom of Information (FOI) reply has revealed.
RBS reports £100m GMP impact; slashes equity exposure by two thirds
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Exclusive: Quarter of eligible schemes missing out on PPF-levy reduction
Smaller schemes may be eligible for a levy reduction but are failing to fill out a simple application form, the Pension Protection Fund (PPF) has said.
Force CEOs to join company DB scheme to prevent reckless behaviour, says study
Forcing company bosses to join the same defined benefit (DB) schemes as their staff could protect pensions better than the threat of prison sentences for scheme mismanagement, Warwick Business School (WBS) has suggested.
Harrods' DB scheme appoints XPS as investment adviser
The Harrods Group Pension Plan has selected XPS Pensions Group to provide investment advice, following a competitive tender process.
DB deficit falls £8.8bn over January, says PPF
The combined funding level of the UK's 5,450 defined benefit (DB) schemes increased by 60 basis points (bps) over January, latest Pension Protection Fund (PPF) data reveals.
The Big Read: The inside story of the BHS schemes' journey to buyout
The story of BHS is one of both outrage and happy endings. James Phillips speaks to trustee chairman Chris Martin and his advisers about the scheme's endgame journey
TPT reports engagement increase following platform revamp
TPT Retirement Solutions has reported a six-fold increase in online engagement following a revamp of its platform last year.
RPC Containers scheme promised funding after sponsor acquisition
The RPC Containers Limited Pension Scheme has been offered £5.2m a year in additional cash contributions until 2024 as its sponsor's acquisition is confirmed.
DB superfund regime should be robust but not onerous
As the DWP's consultation on consolidation comes to a close, Stephanie Baxter takes a look at the industry's responses
Plumbing scheme begins issuing s75 debt notices
Employers in an industry-wide defined benefit (DB) scheme are braced to receive demands to pay section 75 debts.
January sees marginal boost for DB funding levels
Defined benefit (DB) funding levels improved by just 40 basis points during January, according to JLT Employee Benefits.
Trustees must learn from BSPS consultation experience
Jonathan Stapleton looks at the lessons that schemes can learn from the review of the British Steel Pension Scheme consultation experience.
Exclusive: Lemonade launches DB member options service for schemes
Lemonade has launched a retirement service in a bid to help trustees and employers guide defined benefit (DB) members through their options.
DB superfunds - a regulatory learning curve?
Kim Gubler says neither DWP nor TPR want a repeat of what happened with master trusts
Exclusive: Action group says plumbing scheme trustees 'failing in their duties' over s75 burden
Plumbing pensions trustees are "failing in their duty" to provide participating employers with the information they need to prepare for onerous section 75 debts, the Plumbing Employers Action Group (PEAG) says.
Superfunds will become routine solution for DB schemes, says industry
Some 52% of pension professionals believe superfunds will become a commonplace solution for certain defined benefit (DB) schemes, a Lincoln Pensions survey finds.
The problem with DB superfunds
As the consultation on defined benefit (DB) consolidation closes this week, PIC's Jay Shah sets out his concerns about the superfund model
Con Keating: A library of scrutiny
The last month has seen a flurry of reports, studies, consultations and discussion papers published. Con Keating takes a look
British Polythene scheme granted security ahead of company acquisition
The British Polythene Pension Scheme (BPPS) has been promised £3.8m per year in additional cash contributions until 2027 as its corporate sponsor is acquired.
Fuller's to boost DB funding from proceeds of beer business sale
Pub and hotel giant Fuller's will make an additional contribution to its defined benefit (DB) pension scheme following the proposed sale of its entire beer business.
FTSE 100 DB deficit improves by £36bn; Bond allocations rise
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
Trustees 'need professional help' on communications, finds British Steel review
Trustees lack expertise, time and resources to develop effective communications on technical pensions issues and need professional help, a major review of the British Steel saga has concluded.
Most read
