Nearly half of FTSE 350 DB schemes in surplus; consolidation solution for 'significant minority'
Nine in 10 FTSE 350 defined benefit (DB) pension schemes could pay off their IAS19 deficit with less than six months of earnings, according to Hymans Robertson.
Its annual FTSE 350 pensions analysis showed that 44% of schemes were in surplus as at 30 June 2018. The consultancy also found that over one in 10 (12%) of the FTSE 350 could buy out without any cash...
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Plenty of risk remains in the Pension Protection Fund's (PPF) universe but the outlook on funding levels is positive, the lifeboat says as it launches its 2019 Purple Book.
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A self-sufficiency approach is not riskless and trustees must consider covenant strength and longevity exposure. Chris Ramsey looks at the key considerations of running schemes on.
December concludes turbulent year for DB transfer values
Pension transfer values fell in December, while the number of individuals taking a transfer value from schemes rose, according to XPS Pension Group.
The Cheviot Trust appoints First Actuarial as scheme actuary
Defined benefit (DB) and defined contribution (DC) master trust The Cheviot Trust has selected First Actuarial to provide actuarial services for the scheme.
DB funding - December 2019: Deficit halves as equities and gilts rally, says PPF
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the December 2019 estimates on the various measures…
