Defined Benefit
Government will not legislate to equalise widowers' survivor benefits
The government has been accused of "dragging its heels" on pensions equality after ruling out amending the law to provide for higher survivor benefits for widowers.
PPF appoints head of restructuring and publishes insolvency guidance
The Pension Protection Fund (PPF) has appointed Mike Ridley as head of restructuring and published a further guidance note for schemes facing insolvency events.
XPS: Long-term TPR funding targets could add £260bn to scheme liabilities
The introduction of long-term funding targets for defined benefit (DB) schemes could create an accounting gap of £260bn between the liabilities reported by companies and schemes, XPS Pensions has warned.
Trustees should focus on journey, not just the goal, says LCP
The journey to endgame for defined benefit (DB) schemes can be just as important on focusing on long-term funding targets, according to Lane Clark and Peacock (LCP).
Gilt yield collapse causes £55bn liability growth in eight weeks
Schemes need to get in place a "robust hedging strategy" to mitigate the impact of sudden falls in gilt yields, Buck has said.
Half of FTSE 100 DB schemes could buyout within 10 years, finds Barnett Waddingham
Over half (55%) of FTSE 100 defined benefit (DB) schemes could buyout with an insurer within the next 10 years, according to Barnett Waddingham.
UCU threatens fresh strike action over USS
Universities across the country are on alert for fresh strike action as the University and College Union (UCU) prepares to ballot members.
Government denied permission to appeal £4bn per year discrimination ruling
The government must find an additional £4bn of annual funding for public service pensions after it was denied leave to appeal a case concerning age discrimination.
Frank Field writes to TPR chief executive over USS valuation dealings
Work and Pensions Committee (WPC) chairman Frank Field has written to The Pensions Regulator (TPR) over its influence on the Universities Superannuation Scheme's (USS) 2017 valuation.
MPs grill TPR chief executive over Arcadia dealings
Cases such as The Pensions Regulator's (TPR) recent negotiations with Arcadia are at the top of the watchdog's agenda, its chief executive has told MPs.
RiskFirst and Insight Investment partner to improve DB fund modelling
RiskFirst and Insight Investment have partnered to provide improved fund modelling and analytics to the defined benefit (DB) pension schemes market.
Court of Appeal rejects ITV appeal against TPR in Box Clever case
The Court of Appeal has dismissed ITV's appeal against a financial support direction (FSD) issued by The Pensions Regulator (TPR) in a long-running case over the Box Clever Pension Scheme.
DB funding - May 2019: Best estimate funding level stagnant over May, says First Actuarial
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the May 2019 estimates on the various measures…
FCA 'concerned and disappointed' with amount of DB transfers
The FCA will carry out further work on defined benefit (DB) transfers after it revealed "concerning and disappointing" findings from its marketwide data gathering exercise.
DB scheme closures accelerating following benefit reviews
UK defined benefit (DB) schemes have increasingly undertaken benefit reviews over the last four years resulting in an acceleration of scheme closures, Aon research finds.
Buck: Three-quarters of schemes now cashflow negative
Contributions are no longer sufficient to meet regular payments for three-quarters of small- to medium- sized defined benefit (DB) schemes, Buck analysis finds.
More than £70m of pension savings at risk to scams - XPS Pensions Group
There has been a significant increase in the number of 'red flags' reported on pension transfers in the last 12 months by the XPS Pensions Group, which it said leaves millions of pounds at risk.
Aon: UK pension schemes face new challenges when fully funded
Defined benefit (DB) schemes are facing fresh challenges around dividends and de-risking as they reach fully-funded status, according to Aon.
People should not use their pension to buy a house, says industry
This week's Pensions Buzz respondents rejected James Brokenshire's suggestion that savers should be able to use their pensions to fund deposits for house purchases.
IFS: Pensions system places too much risk on individuals
Workplace pensions look more like individual savings pots as too much risk is loaded onto members, Institute for Fiscal Studies (IFS) director Paul Johnson warns.
Arcadia delays CVA vote over landlord qualms
Arcadia has postponed votes on its seven company voluntary arrangement (CVA) proposals in order to "conduct further dialogue with a few landlords" in a bid to save the business from collapse.
Pension participation rises to 87% of eligible workers
AE has had 'truly staggering' impact
Sainsbury's scheme surges into surplus after PIE and mortality assumption update
Liabilities slashed by £1.2bn
How trustees can react to the regulator's DB funding code
Matthew Harrison looks at what the forthcoming defined benefit funding code of practice means for pension schemes
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