Defined Benefit
DB investment governance post-Covid: What to delegate?
Ray Martin looks at what options trustees will have to add value to investment management and strategic implementation decisions in a post-Covid world
PPF gives 90-day levy extension to struggling employers
The Pension Protection Fund (PPF) has announced a 90-day interest-free extension to levy payments for employers struggling due to the Covid-19 economic crisis.
Sustainability isn't new; It's (part of) everything
James Riley says sustainability involves balance, and one of the key areas where this needs to be struck is DB funding.
EXCLUSIVE: Superfunds could complete multi-billion deals this year
Superfunds could be on course to complete multi-billion-pound transfers of defined benefit (DB) funds by the end of this year, Isio says.
DB schemes losing up to £250m a year due to tax-inefficient funds
UK defined benefit (DB) schemes lose up to £250m a year due to less tax-efficient funds, according to research by the Asset Management Exchange (AMX) and Northern Trust.
WTW: One-in-five schemes considering superfunds
One-in-ten defined benefit (DB) schemes have already discussed the option of superfund consolidation as a target endgame while a further 9% are planning to do so shortly, according to Willis Towers Watson (WTW).
Context clarity: Understanding your journey to full funding
Marian Elliott looks at the three questions trustees should ask to understand the route to endgame.
Transfer figures soar as £10bn leaves DB schemes in three months
Close to £10bn was transferred out of defined benefit (DB) pension schemes in the last quarter of 2019, according to figures from the Office for National Statistics (ONS).
Covid-19 widens FTSE 350 DB funding gap
FTSE 350 companies with defined benefit (DB) pension schemes have been hit particularly hard by the economic crisis caused by Covid-19, latest research from Barnett Waddingham shows.
Superfund risk called into question by Bank of England governor
Bank of England (BoE) governor Andrew Bailey is understood to have warned against superfund consolidation of defined benefit (DB) pension schemes less than a week after the entities were given the green light by The Pensions Regulator (TPR).
PPF and TPR to be given key role in corporate restructures
The government has amended its Corporate Governance and Insolvency Bill to give the Pension Protection Fund (PPF) and The Pensions Regulator (TPR) a greater role in corporate restructurings.
Covid-19 causes little direct impact on DB liabilities
Just a fraction of liability growth since the start of the year will be offset by the impact of excess deaths caused by Covid-19, says Lane Clark & Peacock (LCP).
David Fairs: Why we have launched an interim superfund regime now
With the launch of an interim regime, the consolidation market is set to take off. But before superfunds begin taking on schemes, the regulator must have 'rigour and understanding' of the market, David Fairs tells James Phillips.
Reaction: TPR superfund guidance welcomed against cautious backdrop
Consultants, trade bodies, and professional societies across the pensions industry have responded relatively positively to guidance from The Pensions Regulator (TPR) that has today signalled a clear start for defined benefit (DB) scheme consolidation...
The Pensions Superfund and Clara poised for transactions following greenlight by TPR
Defined benefit (DB) scheme consolidators The Pensions Superfund and Clara Pensions are both set to begin transacting as soon as possible after new guidance for their operations was issued by The Pensions Regulator (TPR).
TPR launches interim regime for superfund pension market
The Pensions Regulator (TPR) has issued guidance for pension superfunds in a move which opens the door for a further wave of defined benefit (DB) scheme consolidation.
Guy Opperman: A firmer basis for superfunds
The pensions minister Guy Opperman says the interim regime for superfunds will provide insights on the route towards a permanent, longer-term legislative solution.
Bridging pensions increasing in popularity
More pension schemes and their members are becoming interested in using bridging pensions as a result of Covid-19, according to Aon.
Will Covid-19 undermine companies' ability to sponsor schemes?
Charlotte Moore looks at how the Covid-19 economic crisis will affect funding for schemes in differing amounts.
LGPS pooling: Building on commonalities to maximise outcomes
Two years on from the launch of the LGPS pools, seven senior figures tell James Phillips all about the process and their plans.
Struggling charities facing extra financial strain from pension deficits
Increased pension deficits are putting additional strain on many charities already financially struggling in the midst of Covid-19, latest research by Hymans Robertson finds.
Occupational pensions now make up 30% of retirement income
Workplace pension schemes are now providing 30 pence in every pound of retirement income, up from 24 pence in 2008/09, according to Equiniti.
Joanne Segars: Working for a common vision
Collaboration is key to delivering on LGPS Central’s mission to prove the pooling concept, Joanne Segars tells James Phillips.
DB funding - May 2020: PPF 7800 deficit surges by 37%
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the May 2020 estimates on the various measures…
