Carillion highlights importance of corporate investigations
Baroness Ros Altmann says more DB trustees should seek independent forensic analysis on the sponsor's business and financial position
The majority of UK defined benefit (DB) schemes are now closed, at least to new members. It seems only a matter of time until they close to new accruals, and once they no longer receive member contributions,...
More on Defined Benefit
BT records 30% fall in pension deficit over three years
The BT Pension Scheme (BTPS) slashed its deficit by £3.3bn in the three years between its 2017 and 2020 valuations, it announced today, remaining on track to meet a 2030 full funding target.
Fujitsu scheme enters into £3.7bn longevity swap with Swiss Re
The ICL Group Pension Plan has entered into a £3.7bn intermediated longevity swap via a Guernsey-based captive, with Swiss Re reinsuring the risk.
Pacific Life Re reinsures £190m of bulk annuity risk
Pacific Life Re has reinsured around £190m of pensioner and deferred liabilities held by a UK bulk annuity provider.
DWS launches secured income fund for DB plans
DWS has launched a private and structured credit solution for small- to medium-sized defined benefit (DB) pension schemes.
DB funding - April 2021: More schemes in surplus than in deficit, says PPF
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…
