Defined Benefit
DWP seeks views on AE rules for DB schemes and offshore workers
The Department for Work and Pensions (DWP) is consulting on whether auto-enrolment (AE) regulations on the quality of defined benefit (DB) schemes are working properly.
Brunel pool creates £28bn investment company
The Brunel Pension Partnership has formed an investment company to manage £27.5bn of local government pension scheme (LGPS) assets.
Serco scheme selects BlackRock for £1.5bn LDI mandate
The Serco Pension and Life Assurance Scheme has appointed BlackRock to run its £1.5bn liability-driven investing (LDI) portfolio after a competitive tender.
Low yields bite as UK slips in global retirement rankings
Brexit-related uncertainty and low bond yields have weakened the UK's retirement system, with the nation slipping in 2017 global rankings for retirement security.
Do the FCA's proposals for DB transfers go far enough?
Jon Hatchett looks at the FCA's proposals for advice on pension transfers, highlighting some issues with its recommendations and pointing out some glaring omissions
Ex-nuclear workers say govt should pay '£182m pension loss'
Former nuclear workers are urging the government to honour pension promises they claim were made when the industry was privatised two decades ago.
Small scheme funding levels falling five times faster than larger peers
The funding levels of smaller schemes fell at a rate nearly five times faster than their larger peers, latest analysis by Goldman Sachs Asset Management reveals.
Royal Mail workers given ultimatum on pension proposals
Royal Mail has finalised its proposal for its future pension provision ahead of closing its defined benefit (DB) scheme to existing members next year.
Advisers say 'insistent clients' are driving DB transfer rise
Two out of five advisers have seen an increased number of clients going ahead with defined benefit (DB) transfers despite recommendations against, according to Prudential research.
FCA fines compliance officer £75,000 over DB transfer failings
The Financial Conduct Authority (FCA) has fined an individual compliance oversight officer £75,000 for "failing to exercise due skill, care and diligence" with regard to pension transfers in his role at two firms.
DWP to launch DB white paper this winter; plans to give TPR 'more proactive' powers
The Department for Work and Pensions (DWP) will publish a white paper on the future of defined benefit (DB) schemes this winter, which will cover consolidation and extra powers for the regulator.
PPF 7800 deficit falls 20% over June
The aggregate deficit of 5794 schemes in the Pension Protection Fund's (PPF) 7800 Index is estimated to have decreased to £186.2bn by the end of June.
How mentorship can improve diversity on trustee boards
Michael Klimes explores how mentoring programmes can help create more diverse trustee boards
How trustees' emotions can hold back consolidation
The debate over consolidation often cites regulatory hurdles, but perhaps trustees are the biggest issue, James Phillips writes
PPF funding rises to 121.6% after stellar returns and low claims
Despite a challenging year, the lifeboat fund has weathered the storm with strong returns and an improved funding level. Stephanie Baxter analyses its annual report
Actuaries who aren't constrained think harder about advice
Hilary Salt says there should be room for professional judgement, otherwise there is herding around similar answers
Transfer values plummet to lowest level since November
Volatile gilt yields saw the estimated average defined benefit (DB) to defined contribution (DC) transfer value fall by £9,000 over June, Xafinity has said.
Ombudsman backs Standard Life over refusal to give second transfer value
The Pensions Ombudsman (TPO) has stood behind the Standard Life staff pension scheme's decision to not issue a new transfer value, despite a member agreeing to pay for it.
DB giants have average funding level of 98%
Two in five defined benefit (DB) schemes with over £1bn of assets have an accounting surplus or zero balance, according to research by Barnett Waddingham.
DB funding levels improve 2% over June
All UK private sector DB schemes saw a £50bn improvement in funding levels on a funding measure in June, according to PwC's Skyval index.
What should be the priority for DB reform?
A panel at Pensions and Benefits UK discussed the strengths and weaknesses of the DB system. Michael Klimes reports
PB UK: Build diversity on trustee boards from the grassroots
The industry should look to encourage diversity and appointment of young trustees through recruitment at the grassroots according to a panel of trustees at Pensions and Benefits UK.
Schemes should invest in global equity and multi-asset for cash flow needs
Capital Group and Newton Investment Management have teamed up to raise awareness of how negative cash flows among defined benefit (DB) schemes should be tackled differently.
Rising life expectancy among affluent men could put pressure on DB schemes
Life expectancy amongst affluent men is rising faster than any other group, according to analysis by the Pension and Lifetime Savings Association (PLSA) and Club Vita.
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