Exclusive: Industry hesitant to second guess mortality rate changes
The industry does not expect future mortality improvements to change despite the 60,000 excess deaths from the Covid-19 pandemic, a Society of Pension Professionals (SPP) poll finds.
Over half (54%) of 360 respondents said they expected mortality improvements to remain the same, with 57% of all participants also stating they currently had no plans to change their future mortality improvement...
More on Defined Benefit
DB funding - April 2021: Stable funding means time to reduce risk
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…
Industry Voice: How does a DB master trust fit into the consolidation space?
All signs point to imminent and substantial growth in consolidation, according to a range of speakers across the industry, including TPR, at the recent Professional Pensions DB Consolidation Conference.
TPR and PPF launch joint consultation on DB data
The Pensions Regulator (TPR) and the Pension Protection Fund (PPF) have launched a joint consultation on the proposals to update the asset information collected from defined benefit (DB) pension schemes.
PPF confirms changes to s143 and s179 assumptions
The Pension Protection Fund (PPF) has confirmed several changes to its actuarial assumptions under various bases as part of a regular review, broadly improving the lifeboat fund’s view of scheme funding.
LCP: DC cannot bridge the gap DB will leave; men to feel the pinch
It will take too long to save into defined contribution (DC) pensions to keep retirement savings steady and offset the loss of defined benefit (DB) income, according to Lane Clark & Peacock (LCP).
