Social housing scheme delivers £44m deficit reduction
The £1.92bn Social Housing Pension Scheme has slashed its funding deficit by £44m since September 2008, valuation figures reveal.
The improvement to scheme funding equates to a 5.9 percentage point increase in the SHPS funding level to 75.6%, with membership also soaring past 60,000. SHPS pensions committee chairman Colin Small...
More on Defined Benefit
Extra employer rooted in botanical scheme following TPR intervention
A second employer has been appointed to stabilise the National Institute of Agricultural Botany (NIAB) pension scheme after intervention from The Pensions Regulator (TPR) when trustees failed to agree a valuation in 2015.
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).
