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    • Upcoming events
      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.

      Download
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Professional Pensions
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    You are currently accessing ProfessionalPensions via your Enterprise account.

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John Lewis

John Lewis to close 44,000-member DB scheme in bid to save £80m a year
John Lewis to close 44,000-member DB scheme in bid to save £80m a year

The John Lewis Partnership has announced plans to close the defined benefit (DB) section of its combined pension scheme.

  • Defined Benefit
  • 16 May 2019
John Lewis Partnership slashes pension deficit by 43% in three years
John Lewis Partnership slashes pension deficit by 43% in three years

John Lewis Partnership has announced the deficit of its UK defined benefit (DB) scheme has plummeted by £361m since its 2013 valuation.

  • Defined Benefit
  • 27 January 2017
What were the top pension stories last week?
What were the top pension stories last week?

The most popular stories were a potential RAA for British Steel Pension Scheme if the government shelves plans to change pension law, and Treasury plans to launch the pensions dashboard by next Spring.

  • Defined Benefit
  • 16 September 2016
John Lewis's pension deficit rises 54.4%
John Lewis's pension deficit rises 54.4%

John Lewis Partnership's defined benefit (DB) deficit has increased to £1.5bn as the company reveals a 15% profit fall for the second half of the year.

  • Defined Benefit
  • 15 September 2016
Pension costs push down profits at John Lewis

The increasing cost of servicing its £1.2bn pension shortfall helped push pre-tax profits at John Lewis down over a quarter in the first half of the year.

  • Defined Benefit
  • 10 September 2015
Longevity increase could increase deficits 50%

Rising longevity poses a much greater threat to companies with defined benefit (DB) pension schemes than low interest rates, Fitch Ratings has warned.

  • Defined Benefit
  • 28 August 2015
Waitrose staff embrace volunteering projects

Fifteen thousand employees across the UK will be taking part in volunteering activities today as part of Give and Gain day.

  • Employee Benefits
  • 15 May 2015
Aon Hewitt appoints head of fiduciary management for large clients

Mike Rogers has been made partner and head of large clients in the delegated consulting services team of Aon Hewitt.

  • Appointments
  • 20 April 2015
John Lewis appoints L&G to run scheme

John Lewis partnership has appointed Legal and General (L&G) as administrator of the defined contribution (DC) section of its pension scheme.

  • Defined Contribution
  • 17 April 2015
Aon Hewitt appoints partner

Adrian Mitchell has been appointed partner and senior portfolio manager at Aon Hewitt's delegated consulting services team.

  • Appointments
  • 02 March 2015
Five stories you might have missed: Master trusts, drawdown, charge cap

Top stories on PP this week included concerns about master trusts, debate over drawdown, and the defined contribution charge cap. Here's what you might have missed.

  • Defined Contribution
  • 06 February 2015
John Lewis to switch final salary pension to hybrid scheme

John Lewis partnership has decided to switch its final salary pension scheme into a hybrid defined benefit (DB) and defined contribution (DC) scheme.

  • Defined Benefit
  • 02 February 2015
NAPF Investment Conference: DC guarantees 'too expensive'

Meaningful guarantees for defined contribution (DC) members are prohibitively costly, driving down demand, according to Hymans Robertson investment consultant Mark Jaffray.

  • Defined Contribution
  • 06 March 2014
John Lewis DB scheme deficit hits £1bn

The John Lewis Partnership defined benefit (DB) scheme's total accounting deficit hit £1bn in January 2014, its latest results show.

  • Defined Benefit
  • 06 March 2014
Guarding the guardians

Rachel Dalton asks what schemes can do to ensure they know exactly what they are being charged by transition managers

  • Investment
  • 13 February 2014
John Lewis proposes to cut accrual and introduce hybrid scheme

John Lewis is proposing to cut its defined benefit (DB) pension scheme and introduce a hybrid scheme with an extended defined contribution (DC) structure.

  • Defined Benefit
  • 30 January 2014
John Lewis pensions head Visavadia departs

John Lewis Partnership's head of pensions Dinesh Visavadia has departed the company following its decision to separate support for the partnership and the trustees in managing its pension scheme.

  • Appointments
  • 07 November 2013
John Lewis holiday pay foul-up adds £7m to pension liabilities

John Lewis has seen its pension liabilities increase by £7m after uncovering mistakes in the way it had calculated holiday pay.

  • Defined Benefit
  • 22 August 2013
John Lewis reports 3.2% initial opt-out rate

The John Lewis Partnership has reported an initial auto-enrolment opt-out rate of 3.2% as of 31 March 2013.

  • Defined Contribution
  • 01 May 2013
John Lewis conducts pension review as deficit balloons 29%

John Lewis is conducting an extensive two-year review into its pension provision after revealing its final salary scheme deficit rose by almost 29% in 2012.

  • Defined Benefit
  • 07 March 2013
Industry figures honoured in New Year's list

Several figures within the pensions industry have been rewarded in the Queen's New Year's Honours list.

  • Industry
  • 02 January 2013
John Lewis Trust appoints Newell as director

The John Lewis Partnership Pensions Trust has appointed Jane Newell as director from 1 November.

  • Appointments
  • 19 October 2012
CSC revamps flex scheme

CSC has updated its flexible benefits scheme to boost workplace savings.

  • Employee Benefits
  • 12 April 2012
John Lewis scheme deficit rises to £479m

The John Lewis Partnership Pension Trust has seen its accounting deficit rise by 16% to £479m in the first half of the year.

  • Defined Benefit
  • 14 September 2011
12

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Livingbridge sells Broadstone to Intermediate Capital Group
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Mark Stocker dies following cancer battle
Pension Schemes Bill gets final approval and waits for Royal Assent
Pension Schemes Bill gets final approval and waits for Royal Assent
USS: Cost of scheme is 'growing challenge' as future returns 'likely to be lower'
USS: Cost of scheme is 'growing challenge' as future returns 'likely to be lower'
New TPR powers could lead to upsurge in clearance applications
New TPR powers could lead to upsurge in clearance applications
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