Defined Benefit

Defined Benefit

FTSE 100 schemes increase bond allocation to de-risk

Two-thirds of FTSE 100 DB schemes invest more than 50% of assets in bonds to tackle investment mismatching, according to JLT research. Victoria Ticha takes a closer look

clock 01 August 2018 • 4 min read

Defined Benefit

Lloyds' pension surplus rises by £1bn in six months

The defined benefit (DB) pension schemes of Lloyds Banking Group saw their combined accounting surplus grow by £954m over the first six months of 2018.

clock 01 August 2018 • 2 min read

Defined Benefit

FTSE 100 schemes post accounting surplus for first time in nearly a decade

Defined benefit (DB) schemes at the UK's 100 largest listed companies had a £3bn accounting surplus at the end of July, according to JLT Employee Benefits.

clock 01 August 2018 • 3 min read

Defined Benefit

TPR wrote 12 letters to trustees over DB transfers in 2018

Since January, The Pensions Regulator (TPR) has sent letters on 12 occasions to trustees about defined benefit (DB) transfer activity.

clock 31 July 2018 • 2 min read

Defined Benefit

Centrica's pension deficit falls by £857m in H1

Centrica has announced the funding hole across its pension schemes fell by 97% to £29m at the end of June 2018.

clock 31 July 2018 • 1 min read

Defined Benefit

Coats edges into pension surplus as schemes consolidated

Coats Group has recorded a narrow defined benefit (DB) surplus of $1m (£0.8m) across its three UK schemes.

clock 31 July 2018 • 2 min read

Risk Reduction

Average FTSE 100 scheme bond allocation rises to 64%

Almost two-thirds of FTSE 100 defined benefit (DB) pension schemes invest more than 50% of their assets in bonds, according to a report by JLT Employee Benefits.

clock 30 July 2018 • 2 min read

Defined Benefit

DB surplus hits record high of £382bn on best estimate basis, says First Actuarial

The UK's 5,588 defined benefit (DB) schemes had a combined surplus of £382bn at the end of June, according to First Actuarial's best estimate index (FABI).

clock 27 July 2018 • 2 min read

Defined Benefit

BT pension deficit plummets £1.8bn despite actuary's £500m 'error'

BT has slashed its pension liabilities by £1.8bn in three months through deficit recovery contributions (DRCs) and a change to the scheme's discount rate.

clock 27 July 2018 • 2 min read

Defined Benefit

FRC inspections reveal weaknesses in pension audit work

The Financial Reporting Council (FRC) has found weaknesses in nearly half of the audit work relating to pension valuations and disclosures it inspected over the past financial year.

clock 26 July 2018 • 2 min read
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