Defined Benefit
John Lewis to close 44,000-member DB scheme in bid to save £80m a year
The John Lewis Partnership has announced plans to close the defined benefit (DB) section of its combined pension scheme.
MPs offer FCA compromise on DB transfer contingent charging ban
The Work and Pensions Select Committee (WPC) has called on the FCA to explore the case for setting an upper limit for the amount of a DB transfer fee that can be received via contingent charging.
How the declarations of intent regime could prove to be a mixed blessing
The government's proposed framework could hamper good corporate deals, which could affect the sustainability of DB sponsoring employers, writes Stephanie Baxter
GAD: LGPS employers should not feel 'queasy' about contribution increases
There will be "ups and downs" for employers in the Local Government Pension Scheme (LGPS) as it carries out its 2019 valuation against the backdrop of the cost cap suspension and the McCloud judgment.
XPS: Up to 1.5% of eligible members quitting DB schemes each month
XPS Pensions has combined its transfer value index and its transfer activity index to create a transfer watch service to understand the trends and behaviours of members accessing the pension freedoms.
Extinction Rebellion crashes PLSA conference as minister defends LGPS fund autonomy
Climate activists from Extinction Rebellion have interrupted the Pensions and Lifetime Savings Association's (PLSA) local authority conference as a minister rejected calls for intervention.
Trustees fear scheme members are ill-prepared for risks of accessing pension
Trustees fear their members are not equipped to deal with the risks they face when accessing their pension and worry those nearing retirement will face predatory attention from scammers, research by Wealth at Work reveals.
DB schemes offering more support to members than ever, finds Aon
Aon has revealed defined benefit (DB) schemes are offering more support to members in their decision making at retirement, with one in five schemes now including personalised transfer value figures in retirement packs and making online tools available....
USS outlines three options for fresh 2018 valuation
The trustees of the Universities Superannuation Scheme (USS) have set out three potential funding arrangements as the £64bn defined benefit (DB) section of the plan seeks to agree a 2018 valuation.
ACA proposes 'model scheme' for simplified benefits following 'tidal wave' of new initiatives
The Association of Consulting Actuaries (ACA) has received support for its proposed 'model scheme' to simplify defined benefit (DB) benefits alongside the conversion of guaranteed minimum pensions (GMPs).
Debenhams schemes likely to leave PPF assessment as CVA approved
Debenhams' creditors have passed a company voluntary arrangement (CVA), meaning its defined benefit (DB) schemes will leave Pension Protection Fund (PPF) assessment if the process completes successfully.
PLSA calls for more clarity on LGPS cost cap and fair deal policies
The government needs to urgently provide clarity, substance and timing on key changes to the Local Government Pension Scheme (LGPS), the Pensions and Lifetime Savings Association (PLSA) has said.
British Steel adviser now linked to Trinity Mirror pension scheme members
British Steel financial adviser and former managing director of Active Wealth UK Darren Reynolds advised a group of people from the Trinity Mirror pension scheme to transfer out of their defined benefit (DB) pensions.
70,000 DB members exercise pension freedoms each year, finds XPS
XPS Pensions Group has revealed 70,000 defined benefit (DB) members are exercising pension freedoms each year, suggesting more education is needed to ensure better member outcomes.
Back to Buck: How the consultancy returned to its roots
After many changes in name and ownership over the past 22 years, Buck has gone back to its roots. David Piltz tells Stephanie Baxter why being smaller and nimbler is better
TPT consolidates £30m building society DB scheme
TPT Retirement Solutions has transferred members from the £30m Hinckley & Rugby Building Society's defined benefit (DB) pension scheme.
Keep on running: The challenges of a self-sufficiency approach
Boris Mikhailov looks at the risks and benefits for schemes targeting self-sufficiency
NHS pensions - diagnosis and treatment
Doctors suffering from pension tax ailments should consider seeking financial advice rather than self-treating symptoms, writes Moira Warner, as she considers various ways to deal with the NHS pensions conundrum.
Heading for the endgame: Half of £1bn-plus DB schemes remain open
A Barnett Waddingham survey highlights the continued decline in DB schemes. Kim Kaveh looks at the data.
DB funding - March 2019: Best estimate funding level falls due to higher inflation expectations
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the March 2019 estimates on the various measures…
The inequity of DB scheme funding
Funding standards for DB schemes have increased exponentially over the past decades. Con Keating says such significant overstatement of liabilities will lead to pushback through the courts.
How Brexit could hit PPF entry rights for UK schemes of EU employers
Regulations from the government set out plans to remove protections for UK DB schemes hit by an EU employer insolvency. James Phillips explores the details.
My concerns over DB data and dashboard
Paul McGlone says let's start with the basics, re-unite members with their DB schemes, and provide some very basic information
TPR quizzed on engagement with 'parlous' Railways Pensions Scheme
MPs have written to The Pensions Regulator (TPR) about its engagement with the Railways Pension Scheme (RPS) amid concerns over the scheme's future funding.
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