TPR urged to tweak trustee remit for 600 schemes that will 'never' pay full benefits
The Pensions Institute has called for urgent action after its research found one in ten defined benefit (DB) schemes would "never ever" pay benefits in full.
Its report, The greatest good for the greatest number, challenges the assumption that most underfunded schemes will ultimately be able to meet their obligations. It predicts significant numbers of employers...
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BT records 30% fall in pension deficit over three years
The BT Pension Scheme (BTPS) slashed its deficit by £3.3bn in the three years between its 2017 and 2020 valuations, it announced today, remaining on track to meet a 2030 full funding target.
Fujitsu scheme enters into £3.7bn longevity swap with Swiss Re
The ICL Group Pension Plan has entered into a £3.7bn intermediated longevity swap via a Guernsey-based captive, with Swiss Re reinsuring the risk.
Pacific Life Re reinsures £190m of bulk annuity risk
Pacific Life Re has reinsured around £190m of pensioner and deferred liabilities held by a UK bulk annuity provider.
DWS launches secured income fund for DB plans
DWS has launched a private and structured credit solution for small- to medium-sized defined benefit (DB) pension schemes.
DB funding - April 2021: More schemes in surplus than in deficit, says PPF
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. Here are the April 2021 estimates on the various measures…
