Buck
Schemes to be slapped with £1.5bn bill for equalising past transfers
Schemes could be charged a £1.5bn bill to equalise past defined benefit (DB) scheme transfers after last year’s landmark GMP equalisation ruling, says Buck.
Digital solutions boost engagement by up to 30%
Member engagement with pensions improves by nearly a third through the adoption of digital solutions, according to Buck.
Spring Budget 2021: Icy response to lifetime allowance freeze
The industry has provided a predominantly negative response to the confirmation today that the lifetime allowance will be frozen at £1,073,100 until April 2026.
Exclusive: Buck UK posts 8% revenue growth in 2020; headcount grows to 734
Buck has released its 2020 financial results showing year-on-year organic revenue growth of 8% to £57m in the UK.
ICSWG launches trustee guide for assessing consultants' climate competency
The Investment Consultants Sustainability Working Group (ICSWG) has launched a guide to help trustees assess their investment consultants’ climate competency.
Mark Stocker dies following cancer battle
The founder of Pensions Actuary Services and former Buck chief actuary Mark Stocker has died.
How employers are changing their benefit offerings as a result of the Covid crisis
Covid-19 has had a seismic impact on regular office life. Nick Martindale looks at how employee benefits provisions are expanding to reach the new normal
Buck acquires Concert Consulting
Buck has announced its acquisition of pensions and employee benefits communications firm Concert Consulting in a bid to expand its member engagement offering.
Industry supportive of DWP's DC proposals but warns of unintended consequences
The Department for Work and Pensions’ (DWP) consultation on improving defined contribution (DC) outcomes has garnered support from the industry, but many have warned of potential unintended consequences.
Buck's David Piltz: Fostering a spirit of flexibility, fairness, and simplicity
Professional Pensions spoke to Buck's UK managing director David Piltz as part of an exclusive series of interviews with the leaders of some of the UK’s leading pension consulting firms. This is what he had to say…
Diversity on trustee boards benefits scheme members
The Pensions Regulator’s industry working group on diversity is a step in the right direction, says Elizabeth Bostock.
Buck wins 36 UK business clients after independent launch
Since launching as an independent business in August last year, pensions and employee benefits consultancy Buck has won 36 additional client contracts.
Buck launches DB investment governance service
Buck has launched an investment governance service which aims to help defined benefit (DB) schemes prepare for their endgame.
Tumbling bulk annuity records should ring alarm bells for small schemes
Mega-deals have dominated the buy-in and buyout market this year, limiting insurer appetite for smaller transactions. John Breedon looks at how small schemes can get ahead for next year.
Employers say master trusts are best pension for employees
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Five stories you may have missed this week
This week's top stories included The Pensions Regulator launching a consultation on the future of trusteeship.
Five stories you may have missed this week
This week's top stories included the Financial Conduct Authority announcing it would carry out further investigations on defined benefit transfers.
Occupational scheme membership rises to 45.6 million people
Membership of occupational pension scheme membership has risen to a record high of 45.6 million people as of the end of last year, according to the Office for National Statistics (ONS).
Buck: Three-quarters of schemes now cashflow negative
Contributions are no longer sufficient to meet regular payments for three-quarters of small- to medium- sized defined benefit (DB) schemes, Buck analysis finds.
What does Woodford's fund suspension mean for schemes?
The suspension of the renowned manager's equity fund serves some important lessons and highlights the importance of properly managing liquidity, writes Stephanie Baxter
Putting governance at the top of the agenda
Elizabeth Bostock says the industry must move away from positioning governance as something to just satisfy the regulator
Back to Buck: How the consultancy returned to its roots
After many changes in name and ownership over the past 22 years, Buck has gone back to its roots. David Piltz tells Stephanie Baxter why being smaller and nimbler is better
Buck unveils solution to GMP equalisation challenge
Buck has launched a solution to help pension schemes equalise guaranteed minimum pensions (GMPs) in a cost effective way with minimum hassle.
What does 2019 hold in store for DB pensions?
Buck's David Piltz says the industry was shaped by several developments in 2018, many of which will continue to influence the sector this year.
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