Defined Benefit

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

Investment

FTSE 350 deficits swing by £17bn during volatile January

Pension deficits of the FTSE 350 companies peaked at £83bn in January on the back of equity market falls but have since dropped to £66bn.

clock 04 February 2016 • 2 min read

Risk Management

PPF starts appointment process for administration and actuarial panel

The Pension Protection Fund (PPF) is seeking a panel of specialist firms to provide administrative and actuarial services for its scheme assessment process.

clock 04 February 2016 • 1 min read

Risk Management

Johnston Press slashes pension deficit by more than half

Johnston Press has reduced the deficit of its defined benefit (DB) scheme by £53m following a pension study and changes to its scheme rules.

clock 04 February 2016 • 1 min read

Defined Benefit

Union calls Post Office's plans to close DB a 'scandalous attack'

The Communication Workers Union (CWU) has attacked plans from the Post Office to close its defined benefit (DB) scheme to future accrual on 31 August.

clock 03 February 2016 • 2 min read

Bulk Annuities

Low & Bonar completes £34m medically underwritten buy-in

Low & Bonar has completed a medically underwritten buy-in of £34m of liabilities within its defined benefit (DB) pension scheme.

clock 03 February 2016 • 1 min read

Industry

ACA: Tax relief changes forced higher earners to leave schemes

Changes to pension tax relief in recent years have already caused schemes to lose members on higher incomes, according to research from the Association of Consulting Actuaries (ACA).

clock 03 February 2016 • 3 min read

Defined Benefit

Low interest rates and oil prices challenge DB funding levels

Defined benefit (DB) schemes have not had a good start to the year with falling oil prices and low interest rates according to JLT Employee Benefits.

clock 01 February 2016 • 1 min read
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