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      event logo
      Webinar: Using passion for ESG to unleash member engagement

      This webinar will look at how pension schemes can harness their members’ interest in ESG to engage them more broadly with their pensions. In particular, it will look at exclusive research showing how members are reacting to ESG; their propensity to act versus their actual behaviour; and the expectations they have of providers in this regard.

      • Date: 26 Jan 2021
      • Webinar
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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: 27 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
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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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    You are currently accessing ProfessionalPensions via your Enterprise account.

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Future accrual

Plumbing scheme extends ban on employers leaving
Plumbing scheme extends ban on employers leaving

A ban on employers leaving an industry-wide plumbing pension scheme has been extended for six months in a bid to protect the covenant.

  • Defined Benefit
  • 02 January 2019
Plumbing scheme launches consultation on closing to future accrual
Plumbing scheme launches consultation on closing to future accrual

The trustee board of the Plumbing and Mechanical Services (UK) Industry Pension Scheme has launched a consultation with sponsoring employers on closing the scheme to future accrual.

  • Defined Benefit
  • 25 July 2018
BT closes DB scheme to managers; union secures improved deal
BT closes DB scheme to managers; union secures improved deal

The BT Pension Scheme (BTPS) will close to future accrual for managers in May 2018, and will them into the telecoms giant's defined contribution (DC) scheme.

  • Defined Benefit
  • 06 February 2018
Are UUK reform proposals for USS workable?
Are UUK reform proposals for USS workable?

Michael Klimes asks if the proposal to close USS to future accrual is realistic

  • Defined Benefit
  • 27 November 2017
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
BT mulls DB closure after deficit hits £8.6bn
BT mulls DB closure after deficit hits £8.6bn

BT may close its defined benefit (DB) scheme to future accrual in a bid to stem its ballooning deficit, according to reports.

  • Defined Benefit
  • 30 May 2017
Tata Steel 'offers' £520m payment for British Steel scheme
Tata Steel 'offers' £520m payment for British Steel scheme

Tata Steel has reportedly offered a one-off £520m payment into the British Steel Pension Scheme (BSPS) in an attempt to cut ties with the fund.

  • Defined Benefit
  • 20 April 2017
Ibstock confirms DB closure
Ibstock confirms DB closure

Ibstock will close its defined benefit (DB) scheme to future accrual from the end of the month, it has announced.

  • Defined Benefit
  • 16 January 2017
M&S faces £127m 'sting in the tail' charge following DB closure
M&S faces £127m 'sting in the tail' charge following DB closure

Marks and Spencer's (M&S) decision to close its defined benefit (DB) scheme to future accrual from April 2017 has resulted in a £127m charge.

  • Defined Benefit
  • 08 November 2016
Post Office steams ahead with DB closure for spring 2017
Post Office steams ahead with DB closure for spring 2017

The Post Office has moved a step closer to shutting its defined benefit (DB) scheme to future accrual in March 2017.

  • Defined Benefit
  • 13 October 2016
AWE workers to be balloted over 'insulting' DB closure plans
AWE workers to be balloted over 'insulting' DB closure plans

Prospect is set to ballot workers at Atomic Weapons Establishment (AWE) for strike action over the company's plans to close its defined benefit (DB) scheme.

  • Defined Benefit
  • 11 October 2016
Unions condemn planned closure of ITV's DB scheme
Unions condemn planned closure of ITV's DB scheme

Unions have blasted ITV for putting members' retirement plans "in jeopardy" by planning to close its defined benefit (DB) scheme to future accrual.

  • Defined Benefit
  • 08 September 2016
Post Office workers to strike over DB closure plans
Post Office workers to strike over DB closure plans

Post Office employees are set to strike next week over the planned closure of its defined benefit (DB) scheme and branches.

  • Defined Benefit
  • 08 September 2016
M&S confirms DB will close to future accrual
M&S confirms DB will close to future accrual

Marks and Spencer (M&S) has confirmed it will close its defined benefit (DB) scheme to future accrual in April 2017, following a three month consultation.

  • Defined Benefit
  • 02 September 2016
Ibstock plans to close DB scheme
Ibstock plans to close DB scheme

Brick maker Ibstock is consulting on closing its defined benefit (DB) scheme to future accrual, potentially affecting 40% of the company's UK staff.

  • Defined Benefit
  • 18 August 2016
Have deferred members been priced out of bulk annuities?
Have deferred members been priced out of bulk annuities?

Deferred members dominate the DB universe but the high cost of insuring them makes bulk annuities out of reach for many schemes, even more so since the introduction of Solvency II. Kristian Brunt-Seymour explores what schemes can do.

  • Defined Benefit
  • 18 August 2016
DB contributions at highest level in any year since 2009
DB contributions at highest level in any year since 2009

Sponsor contribution levels for the FTSE 100 defined benefit (DB) schemes are the highest since 2009 according to an LCP survey.

  • Defined Benefit
  • 16 August 2016
Royal Mail plans to close DB to future accrual
Royal Mail plans to close DB to future accrual

Royal Mail's defined benefit (DB) scheme could be closed to future accrual after its contributions are set to more than double from 2018.

  • Defined Benefit
  • 11 August 2016
Amec Foster Wheeler shuts DB schemes; merges into DC
Amec Foster Wheeler shuts DB schemes; merges into DC

Amec Foster Wheeler has merged its two main defined benefit (DB) schemes into a defined contribution (DC) arrangement after closing the biggest fund to future accrual.

  • Defined Benefit
  • 10 August 2016
BBA Aviation closes DB scheme to future accrual
BBA Aviation closes DB scheme to future accrual

BBA Aviation has revealed it has closed its UK defined benefit (DB) scheme to future accrual, following a consultation with members.

  • Defined Benefit
  • 02 August 2016
Post Office faces strikes over plans to close DB scheme
Post Office faces strikes over plans to close DB scheme

The Post Office is facing strike action over plans to close its defined benefit (DB) plan to future accrual.

  • Defined Benefit
  • 15 July 2016
What were the top five pension stories this week?
What were the top five pension stories this week?

The top stories this week were a decision from the Ombudsman, trustees at BHS and M&S announcing proposals to close its DB scheme to future accrual

  • Industry
  • 27 May 2016
M&S reveals plans to close DB to future accrual
M&S reveals plans to close DB to future accrual

Marks and Spencer (M&S) has announced proposals to close its UK defined benefit (DB) scheme to future accrual as it sets out a turnaround plan for the business.

  • Defined Benefit
  • 25 May 2016
Employer Covenant Working Group launches and issues first guidance
Employer Covenant Working Group launches and issues first guidance

The Employer Covenant Working Group (ECWG) has announced its formal launch as it publishes a guide for advisers, trustees and sponsors of defined benefit (DB) schemes.

  • Defined Benefit
  • 12 April 2016
12

Most read

Trustees will need to be corporate finance experts under new TPR powers
Trustees will need to be corporate finance experts under new TPR powers
Livingbridge sells Broadstone to Intermediate Capital Group
Livingbridge sells Broadstone to Intermediate Capital Group
LGPS to become negative cashflow 'by 2024'
LGPS to become negative cashflow 'by 2024'
Pension Schemes Bill set for final debate next week
Pension Schemes Bill set for final debate next week
Aegon commits to net-zero default funds by 2050
Aegon commits to net-zero default funds by 2050
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