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    • Upcoming events
      event logo
      Webinar: Using passion for ESG to unleash member engagement

      This webinar will look at how pension schemes can harness their members’ interest in ESG to engage them more broadly with their pensions. In particular, it will look at exclusive research showing how members are reacting to ESG; their propensity to act versus their actual behaviour; and the expectations they have of providers in this regard.

      • Date: 26 Jan 2021
      • Webinar
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      Investment Conference

      This two part Investment Conference will bring you the latest updates from economists, asset managers and pension consultants. We will be taking a look at the outlook for the 2021 economy, alternatives, cashflow strategies and global equity markets to name a few, assessing how they fared through the volatility and what we can expect for the year ahead.

      • Date: 27 Jan 2021
      • Digital Conference
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      Webinar: What to put on your GMP Equalisation project roadmap for 2021

      This webinar will bring together views from actuaries, lawyers, administrators, trustees and data experts to look at the pragmatic, collaborative solutions that are open to schemes to solve the GMP equalisation challenges in 2021. It will assess the individual challenges schemes face with equalisations and provide some practical options that are available to resolve these issues.

      • Date: 02 Feb 2021
      • Webinar
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      Webinar: Will the world return to normal in 2021?

      In this webinar, PP editor Jonathan Stapleton will be joined by BMO’s chief economist Steven Bell and director of fiduciary management, Christy Jesudasan, alongside PTL trustee director Melanie Cusack and Isio’s head of fiduciary management oversight Paula Champion to discuss the significant impact of these themes on the pensions sector.

      • Date: 04 Feb 2021
      • Webinar
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  • Whitepapers
    • How DC schemes can gain exposure to different asset classes in a low-return environment

      So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap,' ‘pension freedoms' or consultations around ‘value for money', says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).

      Download
      Pension freedoms three years on

      In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.

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DB closure

Southampton Uni to close non-academic staff DB scheme to new members
Southampton Uni to close non-academic staff DB scheme to new members

The University of Southampton has confirmed plans to close the Pension and Assurance Scheme for Non-Academic Staff (PASNAS) to new members at the end of December.

  • Defined Benefit
  • 01 June 2018
Bentley workers vote for strike over DB closure plans
Bentley workers vote for strike over DB closure plans

Bentley Motors staff have voted for industrial action over the planned closure of the defined benefit (DB) Rolls Royce and Bentley Pension Fund (RRBPF) to future accrual.

  • Defined Benefit
  • 10 April 2018
Co-op gains £51.9m after switching pension scheme from RPI to CPI
Co-op gains £51.9m after switching pension scheme from RPI to CPI

The Co-operative Bank is set to continue de-risking pension schemes after it mitigated further losses by switching from the retail prices index (RPI) to the consumer prices index (CPI).

  • Defined Benefit
  • 16 March 2018
BT pension compromise with CWU possible by end of next week
BT pension compromise with CWU possible by end of next week

BT and the Communication Workers Union (CWU) are said to be close to a deal over the closure of the telecoms company's defined benefit (DB) scheme.

  • Defined Benefit
  • 15 March 2018
'Black box thinking' would solve DB problems, says Pensions Institute
'Black box thinking' would solve DB problems, says Pensions Institute

The aviation sector's constant evaluation of mistakes to improve safety should be applied to defined benefit schemes, as too many are making the same mistakes again and again, latest research shows.

  • Defined Benefit
  • 21 February 2018
BA puts forward 'flexible' DC fund to replace DB
BA puts forward 'flexible' DC fund to replace DB

British Airways (BA) has proposed a 'flexible' company-wide scheme as it continues to consult on closing its defined benefit (DB) New Airways Pension Scheme (NAPS).

  • Defined Benefit
  • 20 September 2017
CWU plans to close final salary schemes while balloting members on Royal Mail scheme closure
CWU plans to close final salary schemes while balloting members on Royal Mail scheme closure

The Communication Workers Union (CWU) has proposed a major shake-up of its defined benefit (DB) provision, despite threatening industrial action at Royal Mail for planning similar changes, PP can reveal.

  • Defined Benefit
  • 14 September 2017
BA plans to close scheme to accrual after deficit grows to £3.7bn
BA plans to close scheme to accrual after deficit grows to £3.7bn

British Airways (BA) will launch a consultation with members of its New Airways Pension Scheme (NAPS) on plans to close the scheme to future accrual.

  • Defined Benefit
  • 08 September 2017
Ticking bomb for Royal Mail as CWU sets deadline before holding strike ballot
Ticking bomb for Royal Mail as CWU sets deadline before holding strike ballot

The Communication Workers Union (CWU) has told Royal Mail it must make significant progress in resolving its pensions dispute by 6 September to avoid industrial action.

  • Defined Benefit
  • 17 August 2017
Capita could see strike action over 'disgraceful' DB closure
Capita could see strike action over 'disgraceful' DB closure

The planned closure of Capita's defined benefit (DB) scheme could be met with strike action as Unite launches a ballot of its members.

  • Defined Benefit
  • 15 August 2017
Unite members split on Royal Mail pension proposals
Unite members split on Royal Mail pension proposals

Unite members in the Royal Mail Pension Plan (RMPP) have narrowly rejected the company's proposal to set up a 'cash balance' scheme when the plan closes to accrual next year.

  • Defined Benefit
  • 14 August 2017
GKN confirms DB closure and £250m cash injection
GKN confirms DB closure and £250m cash injection

Engineering group GKN has announced it closed its two UK defined benefit (DB) schemes to future accrual on 1 July, after falls in bond yields increased liabilities in 2016.

  • Defined Benefit
  • 26 July 2017
Royal Mail workers given ultimatum on pension proposals
Royal Mail workers given ultimatum on pension proposals

Royal Mail has finalised its proposal for its future pension provision ahead of closing its defined benefit (DB) scheme to existing members next year.

  • Defined Benefit
  • 17 July 2017
Five stories you may have missed this week
Five stories you may have missed this week

This week's top stories included coverage of a regulated apportionment arrangement agreed for Hoover's pension scheme.

  • Industry
  • 02 June 2017
BT mulls DB closure after deficit hits £8.6bn
BT mulls DB closure after deficit hits £8.6bn

BT may close its defined benefit (DB) scheme to future accrual in a bid to stem its ballooning deficit, according to reports.

  • Defined Benefit
  • 30 May 2017
Royal Mail confirms DB scheme will shut to future accrual as costs set to soar
Royal Mail confirms DB scheme will shut to future accrual as costs set to soar

Royal Mail will close its career average defined benefit (DB) scheme to future accrual from April next year, it has announced.

  • Defined Benefit
  • 13 April 2017
ITV's pension deficit almost doubles over 2016
ITV's pension deficit almost doubles over 2016

The aggregate deficit of ITV's defined benefit (DB) schemes grew by 86% last year, according to the broadcaster's preliminary results.

  • Defined Benefit
  • 01 March 2017
Rathbone Brothers to close final salary scheme after Brexit volatility
Rathbone Brothers to close final salary scheme after Brexit volatility

Wealth manager Rathbone Brothers will close its defined benefit (DB) scheme to future accrual and axe the final salary link after its deficit ballooned following the EU referendum.

  • Defined Benefit
  • 23 February 2017

Most read

Trustees will need to be corporate finance experts under new TPR powers
Trustees will need to be corporate finance experts under new TPR powers
Livingbridge sells Broadstone to Intermediate Capital Group
Livingbridge sells Broadstone to Intermediate Capital Group
LGPS to become negative cashflow 'by 2024'
LGPS to become negative cashflow 'by 2024'
Pension Schemes Bill set for final debate next week
Pension Schemes Bill set for final debate next week
Aegon commits to net-zero default funds by 2050
Aegon commits to net-zero default funds by 2050
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