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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: 29 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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      Webinar: Investing for the transition to net-zero

      Pension schemes are now facing increasing government, regulatory, and member demand to manage the financial risks associated with the anthropogenic consequences of the environmental crisis. But how best to manage this transition to net-zero? And, in the rush to invest in carbon friendly assets, are investors potentially missing out on potential returns generated by the transition theme, investing in assets that may not be carbon neutral but have the potential to significantly improve their environmental credentials over time. This webinar will discuss at the transition theme, look at the opportunity set available and ask how this can help schemes achieve superior returns while moving towards a net-zero portfolio.

      • Date: 11 Feb 2021
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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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deficit

Schemes in 'denial' over dependence on 'once-a-century' equity performance to close funding gaps
Schemes in 'denial' over dependence on 'once-a-century' equity performance to close funding gaps

Underfunded defined benefit (DB) pension schemes in the UK are over-dependent on historically improbable equity returns, analysis by Willis Towers Watson reveals.

  • Investment
  • 14 September 2020
Taylor Wimpey sees £8.9m actuarial loss on DB scheme
Taylor Wimpey sees £8.9m actuarial loss on DB scheme

Taylor Wimpey saw an actuarial loss on its defined benefit (DB) pension scheme of £8.9m in the year ending 31 December 2019, significantly lower than the £84.3m loss the year prior.

  • Defined Benefit
  • 26 February 2020
Force CEOs to join company DB scheme to prevent reckless behaviour, says study
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.

  • Defined Benefit
  • 13 February 2019
DB funding improves by £18bn, says JLT index
DB funding improves by £18bn, says JLT index

The UK's 5,600 defined benefit (DB) schemes saw their funding positions improve by one percentage point over the course of November, according to JLT Employee Benefits.

  • Defined Benefit
  • 03 December 2018
PPF 7800 funding level reverses six months of growth before factoring GMPs
PPF 7800 funding level reverses six months of growth before factoring GMPs

The combined funding level decreased by just over four percentage points by the end of last month to 93.6%, according to the Pension Protection Fund's (PPF) latest update.

  • Defined Benefit
  • 13 November 2018
Kodak Pension Plan 'likely to move into the PPF', say trustees
Kodak Pension Plan 'likely to move into the PPF', say trustees

The trustees of the Kodak Pension Plan No.2 (KPP2) have said it will likely enter the Pension Protection Fund (PPF) in "due course" after reviewing the scheme's investment in Kodak Alaris.

  • Defined Benefit
  • 18 September 2018
FTSE 100 pension schemes slip back into deficit
FTSE 100 pension schemes slip back into deficit

The UK's 100 largest listed companies saw their combined defined benefit (DB) funding level fall by 80 basis points during August, according to JLT Employee Benefits.

  • Defined Benefit
  • 03 September 2018
First Actuarial's DB index surplus reaches record high in April
First Actuarial's DB index surplus reaches record high in April

All 6,000 UK schemes had a surplus of £361bn by the end of last month when calculated under a best estimate return on their assets, according to First Actuarial.

  • Defined Benefit
  • 18 May 2018
FTSE 350 pension accounting deficit slashed by £4bn in Q1
FTSE 350 pension accounting deficit slashed by £4bn in Q1

The combined deficit of FTSE 350 defined benefit (DB) schemes fell to £72bn in the first quarter of 2018, according to Mercer's pensions risk survey.

  • Defined Benefit
  • 05 April 2018
GKN trustees reach agreement over Dana merger
GKN trustees reach agreement over Dana merger

GKN has reached an agreement with its scheme trustees as part of a $6bn (£4.3bn) proposal to merge its Driveline businesses with Dana Incorporated.

  • Defined Benefit
  • 09 March 2018
University staff set to strike after pension talks fail
University staff set to strike after pension talks fail

A month of strikes are due to hit 64 universities from tomorrow over major reforms to the Universities Superannuation Scheme (USS).

  • Defined Benefit
  • 21 February 2018
PPF 7800 deficit slashed in half as gilt yields rise
Pension Protection Fund 7800 deficit slashed in half as gilt yields rise

The combined defined benefit (DB) deficit decreased by £52.8bn over January to £51.0bn on a section 179 basis, according to the Pension Protection Fund's (PPF's) latest update.

  • Defined Benefit
  • 13 February 2018
Forcing firms to get TPR clearance to pay dividends is impractical
Forcing firms to get TPR clearance to pay dividends is impractical

Respondents say dividend clearance regime for firms with pension deficits is a bad idea.

  • Industry
  • 18 January 2018
USS launches consultation over valuation assumptions after fall in future return expectations
USS launches consultation over valuation assumptions after fall in future return expectations

The Universities Superannuation Scheme (USS) has launched a consultation with Universities UK (UUK) on proposed assumptions for its 2017 valuation.

  • Defined Benefit
  • 05 September 2017
DB funding deficit grows 10% over August
DB funding deficit grows 10% over August

The collective deficit of defined benefit (DB) schemes increased by £40bn to £460bn over August after falls in long-term rates, according to PwC's Skyval index.

  • Defined Benefit
  • 01 September 2017
ECWG issues guidance to help DB stakeholders manage risks
ECWG issues guidance to help DB stakeholders manage risks

The Employer Covenant Working Group (ECWG) has published guidance to help stakeholders of defined benefit (DB) funds manage distressed scenarios.

  • Industry
  • 31 August 2017
Field: USS deficit and transfer advice should be areas of concern for WPC
Field: USS deficit and transfer advice should be areas of concern for WPC

Frank Field MP has said the £12.6bn deficit at the Universities Superannuation Scheme (USS) and the transfer advice individuals receive are topics which demand closer scrutiny.

  • Law and Regulation
  • 23 August 2017
Johnston Press in talks with trustees over company restructuring
Johnston Press in talks with trustees over company restructuring

Johnston Press has asked the trustees of its defined benefit (DB) plan to support a bid to overhaul the business due to pressure from heavy debts and declines in print sales.

  • Defined Benefit
  • 03 August 2017
£150bn cash injection over past decade has barely dented FTSE 100 deficits
£150bn cash injection over past decade has barely dented FTSE 100 deficits

The accounting position of FTSE 100 defined benefit (DB) schemes has worsened from a £12bn surplus to a £17bn deficit over the last 10 years despite mammoth contributions.

  • Defined Benefit
  • 02 August 2017
Barclays' pension deficit rises nearly a third in one year
Barclays' pension deficit rises nearly a third in one year

The actuarial funding deficit on Barclays' main defined benefit (DB) scheme has risen to £7.9bn in its September 2016 triennial valuation, following falls in gilt yields.

  • Defined Benefit
  • 28 July 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
DB giants have average funding level of 98%
DB giants have average funding level of 98%

Two in five defined benefit (DB) schemes with over £1bn of assets have an accounting surplus or zero balance, according to research by Barnett Waddingham.

  • Defined Benefit
  • 03 July 2017
DB funding levels improve 2% over June
DB funding levels improve 2% over June

All UK private sector DB schemes saw a £50bn improvement in funding levels on a funding measure in June, according to PwC's Skyval index.

  • Defined Benefit
  • 03 July 2017
Support for FTSE 350 schemes weakest since recession
Support for FTSE 350 schemes weakest since recession

The UK's 350 largest listed companies are becoming increasingly unlikely to be able to meet their pension obligations, PwC research has suggested.

  • Defined Benefit
  • 19 June 2017
12

Most read

L&G agrees £400m deal with own scheme
L&G agrees £400m deal with own scheme
Mark Stocker dies following cancer battle
Mark Stocker dies following cancer battle
PLSA unveils six policy board appointments
PLSA unveils six policy board appointments
Boohoo acquisition of Debenhams leaves schemes with PPF
Boohoo acquisition of Debenhams leaves schemes with PPF
Think tank floats Aviva-backed lower income-focused retirement target framework
Think tank floats Aviva-backed lower income-focused retirement target framework
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