Ministers 'clueless' about DB transfer calculation
Ministers "do not have clue" about how to set a new calculation method for defined benefit pension transfer values, experts claim.
Actuaries were stripped of their role as sole arbiter on the calculation earlier this year when the government announced it would establish its own framework to replace the profession’s standard, GN11....
More on Defined Benefit
DB schemes losing up to £250m a year due to tax-inefficient funds
UK defined benefit (DB) schemes lose up to £250m a year due to less tax-efficient funds, according to research by the Asset Management Exchange (AMX) and Northern Trust.
WTW: One-in-five schemes considering superfunds
One-in-ten defined benefit (DB) schemes have already discussed the option of superfund consolidation as a target endgame while a further 9% are planning to do so shortly, according to Willis Towers Watson (WTW).
Reaction: TPR superfund guidance welcomed against cautious backdrop
Consultants, trade bodies, and professional societies across the pensions industry have responded relatively positively to guidance from The Pensions Regulator (TPR) that has today signalled a clear start for defined benefit (DB) scheme consolidation...
The Pensions Superfund and Clara poised for transactions following greenlight by TPR
Defined benefit (DB) scheme consolidators The Pensions Superfund and Clara Pensions are both set to begin transacting as soon as possible after new guidance for their operations was issued by The Pensions Regulator (TPR).
DB funding - May 2020: PPF 7800 deficit surges by 37%
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the May 2020 estimates on the various measures…
