Surplus options and public sector consolidator causing some schemes to re-evaluate strategy
XPS finds typical value of DB transfer fell to £158,000, reversing trend of consecutive rises
Move comes after Court of Session confirmed asset manager’s right to any surplus
EY-Parthenon research finds credit tightening cited as key reason for profit warnings
PACE aims to optimise schemes’ decision making process when it comes to buyout
Consolidation will add over 3,500 new members to TPT master trust
Revised regs are welcome but much now depends on TPR’s final code and strategy requirements
Move to make surplus extraction and design consolidator rules embraced by industry
Isio analysis finds rise in gilt yields saw a £13bn improvement in LGPS funding position
TPR’s annual DB and hybrid statistics show 2% reduction in overall number of schemes