Defined Benefit
Pension freedoms could rake in £19.2bn of tax over next decade
Pension freedoms could generate as much as £1.9bn a year in tax revenue for the next 10 years, according to research by the Pensions Policy Institute (PPI).
Fears grow over GMP equalisation hit on corporate profits
A looming court decision on gender equalisation of pension schemes could hit FTSE 100 profits by up to £15bn, Lane Clark and Peacock (LCP) says.
Teachers' union members vote to strike over pension changes
GMB members working for the National Association of Schoolmasters Union of Women Teachers (NASUWT) have voted for strike action over proposed changes to their defined benefit (DB) pension scheme.
Government should not require schemes to offer partial transfers - PP research
In this week's Pensions Buzz, respondents warned schemes being required to offer partial transfers could lead to too many administrative burdens
One in eight FTSE 100 DB schemes 'still in worry zone'
The aggregate risk across defined benefit (DB) schemes in the FTSE 100 has fallen by almost a quarter since 2017 but 12.5% are still at risk of failure, research suggests.
PPF 7800 index hits highest funding level since 2011
The combined defined benefit (DB) funding level increased to 97.7% at the end of September, according to the Pension Protection Fund's (PPF) latest update.
Altmann: CDC best suited for 'quasi-public sector' organisations
Collective defined contribution (CDC) schemes could be a "halfway house" for the public sector but will appeal to "very much a minority" in the private sector, Baroness Ros Altmann says.
XPS: Not offering partial transfers is too risky
Partial defined benefit (DB) transfers are easier than trustees think and all schemes should offer them, XPS Pensions Group says.
Trustees should be proactive on DB transfers, says industry
Around three-fifths of respondents in this week's Pensions Buzz backed the view that trustees should take a proactive approach to engage with members when they are seeking to transfer out of their defined benefit (DB) scheme.
Global unions unveil how-to guide for uncovering hidden costs
Lack of transparency means employees are in the dark over whether they are getting value for money from their pension, according to a report by the international labour union network.
How involved should trustees get in DB transfers?
As the volume of transfer value requests grows, trustees must decide whether to take a minimalist or proactive approach with members. James Phillips explores the pros and cons.
Government Actuary: LGPS in better position after funds make 'significant' progress
The Local Government Pension Scheme (LGPS) for England and Wales is in a financially robust position and funds have vastly improved since 2013, according to the Government Actuary's Department (GAD).
Industry split over combination of pensions with other savings products
Respondents disagree whether mixing of products would be beneficial for savers
Con Keating: Discount rates and DB pension scheme valuation - A history lesson
It is important to look back at how the discount rate methodology came about in the first place, says Brighton Rock Group's head of research
Partner pensions: Time for change?
Hilary Salt says we should look again at whether DB schemes should provide a partner pension given the vast social changes over recent decades
Steve Webb: DWP must resolve uncertainty over PPF compensation
Steve Webb says there are many questions that need to be answered following the landmark ECJ ruling
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.
