Defined contribution (DC) schemes need to take a lead from defined benefit (DB) counterparts when looking to include illiquid assets.
Pensions minister Baroness Ros Altmann has advocated the use of illiquid assets such as infrastructure and social housing by DB schemes as a means of garnering return in the current difficult environment....
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.