First Actuarial

Collective defined contribution (CDC) schemes will need clear and transparent governance frameworks, as well as effective communication strategies, to be a success, the Work and Pensions Committee (WPC) has been told.

Hilary Salt says DC is merely a savings vehicle, and argues collective DC would provide a wage in retirement more efficiently

The UK's defined benefit (DB) pension schemes were 129% funded on a 'best estimate' basis on 31 December 2017, according to First Actuarial.

All 6,000 UK schemes had a surplus of £358bn by the end of last month when calculated under a best estimate return on their assets, according to First Actuarial.

A "special" evidence hearing will be held by the Work and Pensions Committee (WPC) in order to probe "questionable approaches and unsuitable advice" given to British Steel Pension Scheme (BSPS) members

Hilary Salt says rather than designing new DB superfunds, wouldn't it be better to grow to appreciate and improve our existing superfund?

Henry Tapper says removing NDAs between operators and fund managers is a critical step in the journey towards assessing value for money

Hilary Salt says there should be room for professional judgement, otherwise there is herding around similar answers

Defined benefit (DB) schemes recorded a £295bn surplus at the end of May, according to First Actuarial's best-estimate index (FABI).

While the government moots allowing schemes to swap indices when rules are rigid, James Phillips explores whether a new index could end the debate