Defined Benefit

Defined Benefit

M&S agrees with trustees to raise DB contributions for future service

Marks and Spencer has reached an agreement with the trustees of its defined benefit (DB) pension scheme to increase annual cash contributions for future service by £15m.

clock 12 February 2016 • 1 min read

Risk Management

Trustees unprepared for cash flow negative scenario

Trustees have yet to prioritise cash management despite the fact that half of FTSE350 defined benefit (DB) schemes are turning cash flow negative, according to Hymans Robertson.

clock 12 February 2016 • 3 min read

Law and Regulation

Seven in ten schemes not integrated risk management

Just 30% of defined benefit (DB) pension funds have developed an integrated approach to risk management, according to a survey by Xafinity.

clock 11 February 2016 • 2 min read

Defined Benefit

Two thirds of millennials not saving into workplace pensions

Just one third of 18-24 year-olds are in a workplace pension, suggesting much more action is needed according to the Chartered Institute of Personnel and Development (CIPD).

clock 10 February 2016 • 3 min read

Investment

Berkshire pension fund in talks with Lancashire/LPFA pool

The £1.7bn Royal County of Berkshire Pension Fund is in discussions to join the investment pool set up by London Pensions Fund Authority (LPFA) and Lancashire County Council Pension Fund.

clock 10 February 2016 • 2 min read

Risk Management

Bulk annuity market set for growth despite higher costs

The bulk annuity market will grow significantly over the next five years in spite of higher costs due to low interest rates and Solvency II capital requirements, according to Fitch Ratings.

clock 09 February 2016 • 1 min read

Defined Benefit

PPF 7800 deficits swell 37% in January

Total deficits of defined benefit (DB) schemes in the Pension Protection Fund (PPF) 7800 increased by more than a third over last month against a backdrop of falling gilt yields.

clock 09 February 2016 • 2 min read

Defined Benefit

Transfer values recover but further volatility expected

Transfer values have recovered from a sharp fall at the end of last year on the back of falling gilt yields, according to Xafinity.

clock 09 February 2016 • 1 min read

Industry

Pi Partnership acquires Temple Trustees

Pi Partnership has acquired independent trustee business Temple Trustees from Burges Salmon as the consultancy firm looks to expand.

clock 09 February 2016 • 1 min read

Investment

What were the biggest stories in pensions this week?

This week concerns escalated over the impact of expected tax relief reforms amid revelations that reductions in recent years have already forced higher earners to leave schemes.

clock 04 February 2016 • 1 min read
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