Investment

Liabilities slashed by £1.2bn

Matthew Harrison looks at what the forthcoming defined benefit funding code of practice means for pension schemes

Sir Philip Green has agreed with The Pensions Regulator (TPR) to plunge an additional £25m into Arcadia's pension funds, paving the way for a restructure of his empire.

Coventry Building Society has transferred its £220m defined benefit (DB) scheme to TPT Retirement Solutions' DB master trust.

Senior NHS clinicians could be offered an option to halve their pension contributions in exchange for also halving the rate of pension growth.

Schemes must beware serial disruptors including China, populism and demographics, says PIMCO.

Pension schemes and their investment managers must take their environmental and social responsibilities seriously and use funds to tackle climate change, Guy Opperman has said.

Asset managers must begin publishing engagement policies for investee companies in a bid to improve stewardship, transparency, and stakeholder relationships.

This week's Pensions Buzz respondents have decidedly rejected former energy and climate change secretary Sir Ed Davey's argument that schemes should divest from fossil fuel intensive companies.

Support for cost disclosure templates must be followed by help to make sense of the data, says Jonathan Stapleton.