Defined Benefit
Exclusive: DB 'revival' is possible for UK, says PPF chief
The UK could see a "revival" of defined benefit (DB) schemes in the future, the Pension Protection Fund (PPF) chief executive says.
Over 50% of FTSE 100 schemes report 'significant' deficit contributions totalling £14.8bn
Some 53 FTSE 100 sponsors made "significant" deficit recovery contributions (DRCs) to their defined benefit (DB) schemes over the year to 31 March 2018, according to JLT Employee Benefits.
Ford set to offer partial transfer option to members
Motoring giant Ford has agreed to offer members of its UK defined benefit (DB) scheme the right to partially transfer their pension.
Employers urge DWP to give TPR more targeted but proportionate powers
The Pensions Regulator (TPR) must be given more targeted powers but maintain flexibility around defined benefit (DB) scheme funding, concludes a survey by the Association of Consulting Actuaries (ACA).
Schemes must address 'tricky' question of endgame planning, says Redington
Significantly improved funding levels and bulk annuity options have brought forward the need for defined benefit (DB) trustees to renew their focus on endgame planning.
A guide to running off mature schemes
John McAleer sets out four areas where a change in approach to managing mature pension funds could lead to better outcomes for members, trustees and sponsors.
Whitbread slashes pension deficit by £127m ahead of Costa Coffee deal
Premier Inn owner Whitbread has cut its defined benefit (DB) pension deficit to £162m ahead of its agreed £3.9bn sale of Costa Coffee to Coca-Cola.
The problems with forecasting longevity
Trends in longevity and mortality have proven difficult to forecast historically, but are vital to funding schemes and ensuring adequate retirement pots. James Phillips explores the key influences
USS warned of 'pernicious consequences' of accepting joint expert panel review
The Universities Superannuation Scheme (USS) is being pressed to ignore advice from a joint expert panel, which would store up problems with "pernicious consequences" for the higher education sector.
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
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