Defined Benefit
No-deal Brexit 'could add £140bn' to DB liabilities
Crashing out of the European Union without a deal could push up UK defined benefit (DB) scheme liabilities by £140bn, says Columbia Threadneedle Investments.
Further decline in population mortality improvements, CMI data reveals
Mortality improvements have declined for yet another year, data from the Continuous Mortality Investigation (CMI) has revealed.
DB deficit falls £10bn over February, finds Skyval
The deficit of defined benefit (DB) pension funds was £200bn at the end of February, according to figures released by PwC's Skyval index, £10bn lower than at the end of January.
DMGT promises £117m to pension schemes after Euromoney disposal
Daily Mail and General Trust (DMGT) has pledged to contribute £117m to its pension scheme after it disposes of its shares in Euromoney Institutional Investor.
Taylor Wimpey pension liabilities to increase £16m under GMP equalisation
Taylor Wimpey has said its defined benefit (DB) pension liabilities will increase by £16m following the High Court judgment to equalise guaranteed minimum pensions (GMP) for men and women.
Interserve scheme surges into surplus after indexation swap
The Interserve Pension Scheme has recognised a £70.6m reduction in liabilities after swapping the index used to uprate benefits.
Willis Towers Watson launches euro fund as secure income fund hits £1bn
Willis Towers Watson's secure income fund has reached £1bn of commitments in the UK, as pension scheme demand for long-term sustainable income soars.
Innovation in LGPS funding
Stephanie Baxter says some local councils' attempts to find new ways to make savings are welcome but must have strong safeguards
Don't exclude MNTs from DB superfunds
David Weeks says there is a mismatch in superfunds that claim to be member friendly but then exclude member representation from their governance
TPT launches education pension scheme as teachers face contribution rate hike
TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.
Croydon sets up asset-backed funding to reduce pension contributions
An innovative funding structure has been agreed for Croydon Pension Fund. However, there are some concerns about the arrangement. Stephanie Baxter reports
GMP equalisation could land DB members with six figure tax bill
More than 100,000 savers face being landed with huge tax bills following tiny uplifts to their pension, a Freedom of Information (FOI) reply has revealed.
RBS reports £100m GMP impact; slashes equity exposure by two thirds
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Exclusive: Quarter of eligible schemes missing out on PPF-levy reduction
Smaller schemes may be eligible for a levy reduction but are failing to fill out a simple application form, the Pension Protection Fund (PPF) has said.
Force CEOs to join company DB scheme to prevent reckless behaviour, says study
Forcing company bosses to join the same defined benefit (DB) schemes as their staff could protect pensions better than the threat of prison sentences for scheme mismanagement, Warwick Business School (WBS) has suggested.
Harrods' DB scheme appoints XPS as investment adviser
The Harrods Group Pension Plan has selected XPS Pensions Group to provide investment advice, following a competitive tender process.
DB deficit falls £8.8bn over January, says PPF
The combined funding level of the UK's 5,450 defined benefit (DB) schemes increased by 60 basis points (bps) over January, latest Pension Protection Fund (PPF) data reveals.
The Big Read: The inside story of the BHS schemes' journey to buyout
The story of BHS is one of both outrage and happy endings. James Phillips speaks to trustee chairman Chris Martin and his advisers about the scheme's endgame journey
TPT reports engagement increase following platform revamp
TPT Retirement Solutions has reported a six-fold increase in online engagement following a revamp of its platform last year.
RPC Containers scheme promised funding after sponsor acquisition
The RPC Containers Limited Pension Scheme has been offered £5.2m a year in additional cash contributions until 2024 as its sponsor's acquisition is confirmed.
DB superfund regime should be robust but not onerous
As the DWP's consultation on consolidation comes to a close, Stephanie Baxter takes a look at the industry's responses
Plumbing scheme begins issuing s75 debt notices
Employers in an industry-wide defined benefit (DB) scheme are braced to receive demands to pay section 75 debts.
January sees marginal boost for DB funding levels
Defined benefit (DB) funding levels improved by just 40 basis points during January, according to JLT Employee Benefits.
Trustees must learn from BSPS consultation experience
Jonathan Stapleton looks at the lessons that schemes can learn from the review of the British Steel Pension Scheme consultation experience.
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