Deficits
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
DB deficits close as sterling weakens
The total deficit of defined benefit (DB) schemes improved marginally, latest Pension Protection Fund (PPF) data reveals.
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.
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.
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.
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.
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.
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