Lincoln Pensions
Third way needed in DB funding code; 'Evolution not revolution' urged on covenant
Oversimplification must be avoided in The Pensions Regulator’s (TPR) proposed revision of the defined benefit (DB) scheme funding code, and a third way might be necessary, the industry has said.
TPR refrains from anti-avoidance action over Bernard Matthews pre-pack
The Pensions Regulator (TPR) has decided not to take any action against Bernard Matthews after the food products business used a pre-pack administration to offload its pension scheme in 2016.
Willis Pension Scheme enters into £1bn longevity hedge
The Willis Pension Scheme has entered into a longevity swap transaction with Munich Re to manage longevity risk in relation to around £1bn of pensioner liabilities.
Reaction: TPR superfund guidance welcomed against cautious backdrop
Consultants, trade bodies, and professional societies across the pensions industry have responded relatively positively to guidance from The Pensions Regulator (TPR) that has today signalled a clear start for defined benefit (DB) scheme consolidation...
Will Covid-19 undermine companies' ability to sponsor schemes?
Charlotte Moore looks at how the Covid-19 economic crisis will affect funding for schemes in differing amounts.
L&G agrees £650m buy-in with 3i scheme
The 3i Group Pension Plan has agreed a £650m buy-in with Legal & General (L&G), insuring the remaining benefits within the scheme.
PPF names 11 firms to trustee and support services panel
The Pension Protection Fund (PPF) has launched an advisory panel to support trustees of schemes whose sponsoring employer is stressed or distressed.
TPR's 2020 Annual Funding Statement: Something Old, Something New
The Pension Regulator’s (TPR) Annual Funding Statement (AFS) is a fixture in the defined benefit (DB) pensions calendar but its arrival this year could not be against a more changed backdrop: new leaders for the two largest political parties, the country...
Getting Brexit done: What next for schemes?
The UK will leave the EU on 31 January, Professional Pensions’ expert advisory panel tells James Phillips what pension schemes should now be thinking about.
Enabling the endgame: Why IRM has been crucial to bumper bulk annuity deals
Greater regulatory focus on covenant, holistic risk management, and long-term targets has helped proactive schemes approach their endgames earlier, says Adolfo Aponte.
PP Brexit Advisory Panel: Why schemes must prepare for all outcomes
Professional Pensions' expert Brexit Advisory Panel discusses the key considerations for schemes ahead of the UK's potential exit from the European Union
How trustees can react to the regulator's DB funding code
Matthew Harrison looks at what the forthcoming defined benefit funding code of practice means for pension schemes
UK Pensions Awards 2019 - The Winners
Here they are - the winners of the UK Pensions Awards 2019...
Superfunds will become routine solution for DB schemes, says industry
Some 52% of pension professionals believe superfunds will become a commonplace solution for certain defined benefit (DB) schemes, a Lincoln Pensions survey finds.
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.
Industry welcomes 'detailed' DWP superfund plans but identify affordability issues
The industry has welcomed the Department for Work and Pensions' (DWP) consultation on defined benefit (DB) consolidation as a way to address scheme covenant issues.
What does a good member outcome for DB members look like?
There is a lack of clarity over DB funding targets. Adolfo Aponte says more transparency in this area could have significant benefits.
One in eight FTSE 100 DB schemes 'still in worry zone'
The aggregate risk across defined benefit (DB) schemes in the FTSE 100 has fallen by almost a quarter since 2017 but 12.5% are still at risk of failure, research suggests.
PPF proposes levy for commercial consolidators; slashes general levy estimate by £50m
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
10 years after Lehmans: How schemes have fared
A decade on from the investment bank's collapse, James Phillips looks at the crisis' impact on the industry and where schemes are today.
One in five FTSE 350 companies do not disclose funding deficit or surplus position
FTSE 350 companies are failing to disclose to stakeholders a range of important data about their defined benefit (DB) obligations, a Lincoln Pensions study finds.
Lincoln Pensions promotes six
Covenant advisory firm Lincoln Pensions has promoted six employees as it seeks to strengthen its business.
Reported notifiable events surge 28% ahead of framework review
The Pensions Regulator (TPR) was made aware of 1,139 notifiable events from defined benefit (DB) schemes in the 2017/18 financial year, up 28% from 2016/17.
Exclusive: Regulator pressing DB schemes to match dividends with deficit contributions
Defined benefit (DB) pension funds are increasingly under pressure to put in place dividend-sharing mechanisms as the regulator seeks to address the disparity with deficit contributions.
Most read
