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      event logo
      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: 20 Jan 2021
      • Digital Conference
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      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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      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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  • 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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IAS 19

FTSE 100 schemes in 'best position' for 20 years before onset of Covid-19
FTSE 100 schemes in 'best position' for 20 years before onset of Covid-19

Almost three-quarters of FTSE 100 defined benefit (DB) pension schemes were in surplus on an accounting basis as the coronavirus crisis hit, according to Lane Clark & Peacock (LCP).

  • Defined Benefit
  • 26 May 2020
Tougher audit stance leading to 'bunched' discount rates
Tougher audit stance leading to 'bunched' discount rates

FTSE 350 defined benefit (DB) schemes are "bunching" around an average discount rate of 2.8% due to higher yields and a tougher stance from auditors, Hymans Robertson research finds.

  • Defined Benefit
  • 11 July 2019
Royal Mail cash-balance scheme records £9m surplus after first full-year
Royal Mail cash-balance scheme records £9m surplus after first full-year

The Royal Mail Defined Benefit Cash Balance Scheme (DBCBS) has ended its first full-year with a £9m actuarial surplus, the company says.

  • Defined Benefit
  • 22 May 2019
FTSE 100 pension schemes see small funding improvement
FTSE 100 pension schemes see small funding improvement

Defined benefit (DB) schemes sponsored by the UK's 100 largest listed companies saw their combined funding level improve by 10 basis points during September, according to JLT Employee Benefits.

  • Investment
  • 01 October 2018
FTSE 100 schemes increase bond allocation to de-risk
FTSE 100 schemes increase bond allocation to de-risk

Two-thirds of FTSE 100 DB schemes invest more than 50% of assets in bonds to tackle investment mismatching, according to JLT research. Victoria Ticha takes a closer look

  • Defined Benefit
  • 01 August 2018
FTSE 100 slashes DB deficit to near 100% funded
FTSE 100 slashes DB deficit to near 100% funded

The UK's 100 largest listed companies saw their combined defined benefit (DB) deficit fall by 75% during June, bringing them very close to fully-funded status, according to JLT Employee Benefits.

  • Defined Benefit
  • 02 July 2018
Death by discount rate: The fundamental flaws of the accounting approach to pension scheme valuation
Death by discount rate: The fundamental flaws of the accounting approach to pension scheme valuation

Controversy over the discount rate used to value defined benefit pension liabilities is nothing new but, as Tim Wilkinson and Frank Curtiss explain, the flaws may be more serious than many realise.

  • Law and Regulation
  • 29 May 2018
Royal Mail's accounting pension surplus drops by 42%
Royal Mail's accounting pension surplus drops by 42%

The combined IAS 19 accounting surplus of Royal Mail's defined benefit (DB) schemes fell to £2.2bn in March from £3.8bn a year ago, according to its annual report.

  • Defined Benefit
  • 17 May 2018
Trinity Mirror offers £41.2m cash for Northern & Shell pensions in planned M&A
Trinity Mirror offers £41.2m cash for Northern & Shell pensions in planned M&A

The newspaper publisher is offering a one-off upfront £41.2m cash payment and £29.2m deficit recovery plan for the Northern & Shell defined benefit (DB) schemes as part of its planned acquisition.

  • Industry
  • 09 February 2018
DB funding deficit remains stable over September
DB funding deficit remains stable over September

The collective deficit of defined benefit (DB) schemes remained at £460bn from the end of August to the end of September, according to PwC's Skyval index.

  • Defined Benefit
  • 02 October 2017
Mooted change to accounting standard 'could see cash contributions slashed'
Mooted change to accounting standard 'could see cash contributions slashed'

A planned amendment to IAS 19 under consideration by the International Accounting Standard Board (IASB) could have big consequences for scheme funding arrangements.

  • Admin / Technology
  • 18 August 2017
Taxpayer cost for Royal Mail pension soars 22% over 2016
Taxpayer cost for Royal Mail pension soars 22% over 2016

Government-backed liabilities in the Royal Mail Statutory Pension Scheme (RMSPS) rocketed more than £8bn over the year to 31 March, according to Cabinet Office documents.

  • Defined Benefit
  • 11 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
Reduced longevity estimates see deficits fall £100bn in March
Reduced longevity estimates see deficits fall £100bn in March

The funding level of defined benefit (DB) schemes improved by five percentage points in March on the back of a reduction in mortality improvements, JLT Employee Benefits has estimated.

  • Defined Benefit
  • 04 April 2017
Deficits stabilise after turbulent 2016 but still at challenging levels
Deficits stabilise after turbulent 2016 but still at challenging levels

Private sector pension deficits have stabilised as markets show resilience, but are still more than double what they were 12 months ago.

  • Defined Benefit
  • 01 March 2017
IASB rejects calls to change DB accounting standard as it should 'reflect economic reality'
IASB rejects calls to change DB accounting standard as it should 'reflect economic reality'

International Accounting Standards Board chairman, Hans Hoogervorst, has said arguments to change the accounting standard are "flawed" as it should reflect the economic reality, no matter how ugly.

  • Defined Benefit
  • 08 December 2016
Go-Ahead Group to change accounting for rail pensions
Go-Ahead Group to change accounting for rail pensions

The Go-Ahead Group has announced it is revising the accounting policy for its rail pension schemes.

  • Defined Benefit
  • 30 November 2016
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
Have your say: Could the Uber ruling boost AE for the self-employed?
Have your say: Could the Uber ruling boost AE for the self-employed?

This week we want to know if the Uber ruling will spur the government to do more to extend auto-enrolment for the self-employed.

  • Law and Regulation
  • 01 November 2016
Pension-related insolvencies could be prevented by more stringent accounting
Pension-related insolvencies could be prevented by more stringent accounting

IAS 19 is the accounting standard many sponsors use to make disclosures about their defined benefit schemes in their records. But a report from Lincoln Pensions argues IAS 19 is not good enough. Michael Klimes investigates.

  • Defined Benefit
  • 31 October 2016
RBS to pay £4.2bn into DB scheme on back of accounting changes
RBS to pay £4.2bn into DB scheme on back of accounting changes

Royal Bank of Scotland (RBS) will pay ten years' worth of pension contributions into its defined benefit (DB) plan by March following IAS-driven changes to its accounting policies.

  • Defined Benefit
  • 27 January 2016
Honeywell takes on £900m in DB liabilities after Elster acquisition

Honeywell International will take on the bulk of Melrose Industries' defined benefit (DB) pension schemes with the £3.3bn acquisition of its Elster business.

  • Defined Benefit
  • 29 July 2015
FTSE 100 deficits swell 60% in a year

Pension deficits at the UK's top 100 firms have ballooned 60% in the past year, carrying on a trend of spiralling funding gaps for schemes.

  • Defined Benefit
  • 02 March 2015
RBS pension liabilities down 23% after £1bn cash injection

The Royal Bank of Scotland (RBS) has seen the net liabilities of its pension schemes drop 23% after making a £1.1bn employer contribution last year, according to its annual results.

  • Defined Benefit
  • 26 February 2015
12

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