UK - The Pension Protection Fund will model its statement of investment principles on three schemes.
Pensions minister Baroness Hollis says models would be the Universities’ Superannuation Scheme, BP Pension Scheme and the Local Government Pension Scheme.
She said the USS SIP laid down clearly what proportion of its investments and assets it expected to be held in UK equities, overseas equities, fixed interest and property, as well as the degree of deviation from the plan.
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).