Defined Benefit

XPS finds slight rise in long-term gilt yields led to increase in the aggregate surplus

Parliamentarians support GMP uprating but raise issue of pensioner poverty and AE reform bill

Taylor Wessing says schemes should ensure effective risk management for employer distress scenarios

Charter establishes four guiding principles for DB schemes during the bulk annuity process

Isio index finds LGPS still fully funded, despite drop from 108% in October 2023

Cash cost to buy out the scheme will be ‘no more than £9m’ with payment expected in H1

Hymans Robertson finds sponsors open to alternative CDC and ‘DB lite’ options

Most weeks see an announcement that a defined benefit (DB) pension scheme has secured members’ benefits. While the UK has a strong insurance regime, these statements might imply that benefits are at risk where schemes are yet to transact with an insurer...

XPS finds transfer activity hit record lows despite recovering transfer values

£60bn of bulk annuity transactions and £20bn of longevity swaps excepted this year