M&S
Five stories you may have missed this week
This week’s top stories included the Marks and Spencer Pension Scheme completing two buy-ins, while the Work and Pensions Committee submitted an amendment to the Pension Schemes Bill.
M&S completes £750m buy-ins with Aviva and Phoenix
The Marks and Spencer (M&S) Pension Scheme has completed two buy-ins with Aviva and Phoenix, insuring a total of £750m of benefits.
Five stories you may have missed this week
This week's top stories included The Pensions Regulator criticising Sir Philip Green's latest plans for the Arcadia pension schemes.
M&S completes £1.4bn buy-ins with Phoenix and PIC
The Marks and Spencer Pension Scheme has completed buy-in deals worth £1.4bn with two insurers, mirroring similar transactions last year.
The financial risks schemes need to prepare for
Various risks can have significant effects on DB scheme liabilities, but what should schemes prepare for? James Phillips reports on four investors' views on the biggest looming risks.
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.
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.
M&S agrees with trustees to raise DB contributions for future service
Marks and Spencer has reached an agreement with the trustees of its defined benefit (DB) pension scheme to increase annual cash contributions for future service by £15m.
Raft of reforms 'risks driving up industry self-interest'
Moves to erode self-serving behaviour within the pensions industry could backfire, M&S pensions strategy specialist Julie Parker-Welch has warned.
M&S halves contributions as deficit shrinks to £290m
Marks and Spencer will halve annual contributions to its defined benefit scheme from £60m to £28m over the next three years, after its deficit shrunk to £290m.
iTunes disclosure no model to increase engagement, says SPC
The industry will fail to increase member engagement unless pensions professionals understand the difference between disclosure and communication, says Society of Pension Consultants chairman Roger Mattingly.
Presenting a united front
Keith Bray looks at the rise of the Local Authority Pension Fund Forum and explains how, by acting together, council pension schemes can maximise their influence as shareholders.
AE admin nightmare for large employers
Administering auto-enrolment is an "absolute nightmare" for large employers, according to Marks & Spencer.
