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    • Upcoming events
      event logo
      Admin & Data Forum 2021

      This concise half-day event will explore a variety of different issues affecting scheme managers, through a combination of informative presentations and interactive panel debates, including GMP equalisation, the pensions dashboard, the accuracy and quality of members data and the latest trends in scheme administration.

      • Date: 04 Mar 2021
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      Defined Benefit Consolidation Conference

      Professional Pensions is hosting this concise digital event on the 25th March to provide a crucial update on where the current regulation stands on DB Consolidators, assess the different models available, what the expected funding levels are and the governance requirements. This event will be a combination of short presentations followed by live Q&A’s with our expert speakers allowing plenty of time to answer your questions.

      • Date: 25 Mar 2021
      • Digital Conference
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      Sustainable Investment Festival 2021

      The Sustainable Investment Festival will run online from 22-24 June and will include thought-provoking presentations from renowned keynote speakers, innovative breakout events and sessions specifically tailored to meet the information needs of fund selectors, financial advisers, pension consultants, trustees and scheme managers.

      • Date: 22 Jun 2021
      • Online, Online
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      UK Pensions Awards 2021

      The UK Pensions Awards – now in their 24th year – remain the industry's most prestigious accolades. They shine the light on excellence and recognise the advisers, providers and investment managers that offer the highest level of innovation, performance and service to occupational pension schemes and their members, and have done the most to improve this over the past year.

      • Date: 14 Sep 2021
      • London
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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.

      Download
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Deficits

Schemes being 'lulled into false sense of security' by deficit drops
Schemes being 'lulled into false sense of security' by deficit drops

Defined benefit (DB) scheme trustees are spending too much time focusing on how well funded their schemes are, River and Mercantile Derivatives says.

  • Defined Benefit
  • 12 August 2019
Aon: UK pension schemes face new challenges when fully funded
Aon: UK pension schemes face new challenges when fully funded

Defined benefit (DB) schemes are facing fresh challenges around dividends and de-risking as they reach fully-funded status, according to Aon.

  • Defined Benefit
  • 11 June 2019
De La Rue scheme gains £80.5m after indexation swap
De La Rue scheme gains £80.5m after indexation swap

De La Rue's defined benefit (DB) pension scheme gained £80.5m after swapping the index used to revalue benefits, but lost £0.5m to rectify discrepancies identified in the scheme's rules.

  • Defined Benefit
  • 30 May 2019
Charles Counsell: Over 1,000 schemes to feel 'gentle hand' of enhanced TPR supervision
Charles Counsell: Over 1,000 schemes to feel 'gentle hand' of enhanced TPR supervision

The Pensions Regulator (TPR) has set out plans to use "new regulatory initiatives" with over 1,000 schemes as it aims to tighten its regulatory grip and boost member outcomes.

  • Law and Regulation
  • 17 May 2019
DB deficit falls £8.8bn over January, says PPF
DB deficit falls £8.8bn over January, says PPF

The combined funding level of the UK's 5,450 defined benefit (DB) schemes increased by 60 basis points (bps) over January, latest Pension Protection Fund (PPF) data reveals.

  • Defined Benefit
  • 12 February 2019
FTSE 100 DB deficit improves by £36bn; Bond allocations rise
FTSE 100 DB deficit improves by £36bn; Bond allocations rise

A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.

  • Defined Benefit
  • 23 January 2019
Dividends hit record level in 2018; yields 'exceptionally high'
Dividends hit record level in 2018; yields 'exceptionally high'

Headline dividend payments have reached record levels in 2018. James Phillips asks if trustees should be concerned over the current high level of yields.

  • Investment
  • 22 January 2019
TPR will not set firm ratio for dividends and DRCs
TPR will not set firm ratio for dividends and DRCs

Employers whose dividend to deficit recovery contribution (DRCs) ratios fall outside the "normal range" should expect to see higher regulatory scrutiny, although no fixed ratio will be set.

  • Law and Regulation
  • 19 October 2018
DB deficits fall £19bn in February despite market correction
DB deficits fall £19bn in February despite market correction

The combined deficit of the UK's defined benefit (DB) pension schemes fell 15% to £105bn on an accounting basis during February, JLT Employee Benefits analysis reveals.

  • Defined Benefit
  • 01 March 2018
UUK proposes axing future accrual in USS
UUK proposes axing future accrual in USS

Universities UK (UUK) has proposed ending future accrual of defined benefit (DB) promises and transferring members to the existing defined contribution (DC) plan.

  • Defined Benefit
  • 17 November 2017
The creeping DB crisis
The creeping DB crisis

A panel at this year's Trustee Senate discussed strains in the DB system and what can be done about them. Michael Klimes reports

  • Defined Benefit
  • 22 September 2017
Academics call on USS trustees to explain deficit maths
Academics call on USS trustees to explain deficit maths

Over 50 academics in the Universities Superannuation Scheme (USS) have urged the fund's trustees to explain calculations used to calculate its deficit.

  • Defined Benefit
  • 19 September 2017
DB funding level drops over August after 105 schemes fall into deficit
DB funding level drops over August after 105 schemes fall into deficit

The combined deficit of the UK's defined benefit (DB) schemes rose by £40bn over August, according to the Pension Protection Fund's (PPF) latest index.

  • Defined Benefit
  • 12 September 2017
PPF 7800 continues upward trend as 26 schemes move into surplus
PPF 7800 continues upward trend as 26 schemes move into surplus

The aggregate balance of the UK's defined benefit (DB) schemes improved by £6.2bn over July, according to the Pension Protection Fund's (PPF) 7800 Index.

  • Defined Benefit
  • 08 August 2017
Reduced inflation expectations push DB deficit down £9bn
Reduced inflation expectations push DB deficit down £9bn

The accounting deficit of FTSE 350 defined benefit (DB) schemes fell by £9bn over July on the back of lower long-term inflation expectations, according to Mercer's latest index.

  • Defined Benefit
  • 07 August 2017
Total DB deficit falls 9% over July
Total DB deficit falls 9% over July

The collective deficit of defined benefit (DB) schemes decreased by £40bn to £420bn over July, according to PwC's monthly Skyval index.

  • Defined Benefit
  • 01 August 2017
Court of Appeal sides with BBC over cap on pensionable pay
Court of Appeal sides with BBC over cap on pensionable pay

The BBC has won a landmark pensions case in the Court of Appeal, allowing the broadcaster to impose a cap on increases in pensionable pay.

  • Law and Regulation
  • 28 July 2017
TPR releases tranche 12 funding data and sets expectations for DB schemes
TPR releases tranche 12 funding data and sets expectations for DB schemes

The majority of defined benefit (DB a schemes remain affordable but many should do more to tackle increased deficits and reduce risk to pensioners, The Pensions Regulator (TPR) says.

  • Defined Benefit
  • 13 June 2017
DB deficits close as sterling weakens
DB deficits close as sterling weakens

The total deficit of defined benefit (DB) schemes improved marginally, latest Pension Protection Fund (PPF) data reveals.

  • Defined Benefit
  • 13 June 2017
AA members to move to CARE section as deficit jumps 81%
AA members to move to CARE section as deficit jumps 81%

Final salary members of the AA UK defined benefit (DB) scheme are to move to a career average segment in a bid to stem the deficit.

  • Defined Benefit
  • 12 June 2017
Carclo to cancel dividends until 2018 as deficit continues to bite
Carclo to cancel dividends until 2018 as deficit continues to bite

Carclo has announced it does not expect to pay any dividends until at least April 2018 as its pension deficit continues to drain its reserves.

  • Defined Benefit
  • 06 June 2017
Deficits drain workers' wages by £2bn a year
Deficits drain workers' wages by £2bn a year

Sponsors of defined benefit (DB) schemes have squeezed their workers' wages by around £200 compared to companies without these funds, a think tank has revealed.

  • Defined Benefit
  • 23 May 2017
Sainsbury's pension deficit more than doubles over 12 months
Sainsbury's pension deficit more than doubles over 12 months

The combined deficit of Sainsbury's defined benefit (DB) schemes has climbed 119% in twelve months, according to its preliminary annual results.

  • Defined Benefit
  • 03 May 2017
DB funding sees little change over April despite political uncertainty
DB funding sees little change over April despite political uncertainty

The combined funding level of the UK's defined benefit (DB) schemes stayed stable over April with just a £10bn increase in deficit, JLT Employee Benefits has estimated.

  • Defined Benefit
  • 02 May 2017
123

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BT, Ford and M&S schemes granted extension for legal challenge over government's decision to align RPI with CPIH
Rothesay secures £7bn of pension benefits
Rothesay secures £7bn of pension benefits
Chancellor Sunak 'likely' to freeze lifetime allowance
Chancellor Sunak 'likely' to freeze lifetime allowance
Scottish Widows adds 289,000 members to build workplace market presence
Scottish Widows adds 289,000 members to build workplace market presence
TPR publishes full details of charity pension trustee fraud case
TPR publishes full details of charity pension trustee fraud case
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