DB scheme
XPS launches concierge service for trustees
XPS Pensions has launched a service for trustees of defined benefit schemes allowing them to retain full control of investment decision making while delegating implementation.
DB schemes losing up to £250m a year due to tax-inefficient funds
UK defined benefit (DB) schemes lose up to £250m a year due to less tax-efficient funds, according to research by the Asset Management Exchange (AMX) and Northern Trust.
RiskFirst and Insight Investment partner to improve DB fund modelling
RiskFirst and Insight Investment have partnered to provide improved fund modelling and analytics to the defined benefit (DB) pension schemes market.
DB scheme closures accelerating following benefit reviews
UK defined benefit (DB) schemes have increasingly undertaken benefit reviews over the last four years resulting in an acceleration of scheme closures, Aon research finds.
TPT consolidates £220m Coventry Building Society scheme
Coventry Building Society has transferred its £220m defined benefit (DB) scheme to TPT Retirement Solutions' DB master trust.
John Lewis to close 44,000-member DB scheme in bid to save £80m a year
The John Lewis Partnership has announced plans to close the defined benefit (DB) section of its combined pension scheme.
How the declarations of intent regime could prove to be a mixed blessing
The government's proposed framework could hamper good corporate deals, which could affect the sustainability of DB sponsoring employers, writes Stephanie Baxter
Trustees fear scheme members are ill-prepared for risks of accessing pension
Trustees fear their members are not equipped to deal with the risks they face when accessing their pension and worry those nearing retirement will face predatory attention from scammers, research by Wealth at Work reveals.
DB schemes offering more support to members than ever, finds Aon
Aon has revealed defined benefit (DB) schemes are offering more support to members in their decision making at retirement, with one in five schemes now including personalised transfer value figures in retirement packs and making online tools available....
ACA proposes 'model scheme' for simplified benefits following 'tidal wave' of new initiatives
The Association of Consulting Actuaries (ACA) has received support for its proposed 'model scheme' to simplify defined benefit (DB) benefits alongside the conversion of guaranteed minimum pensions (GMPs).
70,000 DB members exercise pension freedoms each year, finds XPS
XPS Pensions Group has revealed 70,000 defined benefit (DB) members are exercising pension freedoms each year, suggesting more education is needed to ensure better member outcomes.
UTV to close pension scheme; Unions demand compensation for members
UTV - the Ulster-based subsidiary of ITV - is planning to close its pension scheme to future accrual in a move it says is necessary to be fair to all employees.
Standing firm in these unprecedented times
Susan Martin says building strong foundations for business are the only way forward as the pensions industry is radically shaken up
Dispelling myths around short-term investing
Kerrin Rosenberg says DB schemes can't afford to suffer lousy returns over the short term and make it all back in 10 to 15 years' time, because many of the assets will be gone.
Equiniti posts 7.5% drop in pension solutions revenue while overall business grows
Equiniti has published its 2018 results, revealing a 7.5% fall in pension solution revenue over the course of last year.
TPR not pursuing further investigation into Johnston Press following administration
The Pensions Regulator (TPR) will not conduct any further investigation into Johnston Press after its defined benefit (DB) scheme was pushed into Pension Protection Fund (PPF) assessment last year.
Further decline in population mortality improvements, CMI data reveals
Mortality improvements have declined for yet another year, data from the Continuous Mortality Investigation (CMI) has revealed.
Taylor Wimpey pension liabilities to increase £16m under GMP equalisation
Taylor Wimpey has said its defined benefit (DB) pension liabilities will increase by £16m following the High Court judgment to equalise guaranteed minimum pensions (GMP) for men and women.
GMP equalisation could land DB members with six figure tax bill
More than 100,000 savers face being landed with huge tax bills following tiny uplifts to their pension, a Freedom of Information (FOI) reply has revealed.
Our politicians should help us simplify the system
Alan Pickering says politicians should have the freedom to redefine what is meant by 'absolute'
Force CEOs to join company DB scheme to prevent reckless behaviour, says study
Forcing company bosses to join the same defined benefit (DB) schemes as their staff could protect pensions better than the threat of prison sentences for scheme mismanagement, Warwick Business School (WBS) has suggested.
Harrods' DB scheme appoints XPS as investment adviser
The Harrods Group Pension Plan has selected XPS Pensions Group to provide investment advice, following a competitive tender process.
RPC Containers scheme promised funding after sponsor acquisition
The RPC Containers Limited Pension Scheme has been offered £5.2m a year in additional cash contributions until 2024 as its sponsor's acquisition is confirmed.
Fuller's to boost DB funding from proceeds of beer business sale
Pub and hotel giant Fuller's will make an additional contribution to its defined benefit (DB) pension scheme following the proposed sale of its entire beer business.
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