FTSE 100 funding level drops by 3% over 2016
The combined deficit of FTSE 100 defined benefit (DB) schemes grew by more than £10bn over 2016, Barnett Waddingham research has estimated.
This was largely driven by a significant drop in discount rates, which on average fell by 1.1 percentage points, from 3.8% at the end of 2015 to 2.7% on 31 December 2016. The consultancy said for a scheme...
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TPR's long-term funding approach 'will put extra financial pressure' on scheme sponsors
The Pensions Regulator’s (TPR) long-term funding approach will put extra financial pressure on UK pension scheme sponsors, according to Aon.
DB funding - December 2020: Deficit up £76bn over 2020, says PPF
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the December 2020 estimates on the various measures…
ECPA issues warning over changes to sponsor longevity assumptions
Schemes need to dynamically and closely monitor the position of their employer covenant and its corporate longevity, ensuring the assessment is not conducted in isolation, the Employer Covenant Practitioners Association (ECPA) says.
Hymans Robertson and Isio appointed to Scottish Enterprise Scheme
The Scottish Enterprise Pension & Life Assurance Scheme (SEPLAS) has appointed Hymans Robertson and Isio following a formal tender process.
Managing operational and costs considerations is key to overall success
Marian Elliott looks at the key factors for reaching schemes’ set goals.
