Defined benefit (DB) schemes should be allowed to restructure benefits to sort out funding deficits, according to top UK pension funds in a poll by Sackers.
Some 80% of 50 trustees and professionals at DB schemes said they supported restructuring in some circumstances, while 40% called for reductions in annual pension increases. Less than half of respondents...
Over half of pension professionals believe the 'gilts plus' valuation method is unhelpful in the current economic environment, according to Aon Hewitt research.
The Pensions Regulator (TPR) should be investigated by a Royal Commission, according to a response to the government's green paper on defined benefit (DB) schemes.
The College of Law Pension and Assurance Scheme has completed its fourth buy-in for £28m worth of liabilities with Aviva, as it moves closer to full buyout.
The Pensions Management Institute (PMI) has appointed Ruth Palmer as learning director where she will review its qualifications suite and develop its education strategy.