PwC
DB funding - May 2020: Gilts-plus funding position of DB schemes deteriorates by £30bn
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the May 2020 estimates on the various measures…
DB funding - April 2020: Deficit falls by £7bn, says PPF
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the April 2020 estimates on the various measures…
Smurfit Kappa UK Pension Fund completes £1.2bn fiduciary and LDI deal with R&M
The Smurfit Kappa UK Pension Fund is set to complete the transition and onboarding of £1.16bn of mandates to River and Mercantile Group following a full market retendering process.
DB funding - March 2020: 114 schemes fall into deficit in March, says PPF
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the March 2020 estimates on the various measures…
TPR opens 'robust and lengthy debate' on future of DB funding
The Pensions Regulator (TPR) has set out plans for twin-track defined benefit (DB) funding rules mixing clearer regulatory expectations with scheme-specific flexibility.
UPDATED: The UK's biggest pension consulting firms by revenue
PP has analysed the accounts of the biggest pension consulting firms and recorded the turnover (revenue) in their most recent accounts. The full leaderboard is below…
DB funding - February 2020: PPF 7800 deficit climbs 67% as coronavirus hits markets
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the February 2020 estimates on the various measures…
DB funding - December 2019: Deficit halves as equities and gilts rally, says PPF
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the December 2019 estimates on the various measures…
Pension funding levels on the up
Pensions schemes are better funded now than this time last year, according to PwC’s annual Pension Scheme Funding Survey.
How wearables will disrupt life expectancy
There are a wide range of possible life expectancy disruptors. PwC's Paul Kitson looks at how one of these, wearables, could impact schemes.
DB funding - September 2019: Equities hide impact of stagnant gilts as PPF 7800 deficit falls
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the September 2019 estimates on the various measures…
BAE schemes team up with Schroders to acquire Sofitel at Gatwick
A joint venture between the BAE pension funds and Immobilien Europa Direkt has acquired the Sofitel at Gatwick North Terminal with the help of Schroders.
Allied Domecq agrees £3.8bn buy-in with Rothesay Life to take 2019 deals past £30bn
The Allied Domecq Pension Fund has insured £3.8bn of members’ benefits with Rothesay Life, in the market’s largest deal to cover both pensioner and deferred members.
DB funding - August 2019: PPF 7800 funding collapses as gilt yields and equity returns tumble
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the August 2019 estimates on the various measures…
Unhedged pension schemes face funding risks as yield curve inverts
Pension schemes that have not hedged their liabilities could face funding issues as long-dated bond yields have plummeted, industry experts have warned.
DB funding - July 2019: PPF 7800 records £39bn deficit increase as gilt yields plummet
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the July 2019 estimates on the various measures…
Exclusive: Clearance not recommended despite tougher regulator, say lawyers
More than three-quarters of pensions and restructuring lawyers believe the regulator's 'clearer, quicker, tougher' approach is having an impact on their clients, a PwC survey reveals.
DB funding - June 2019: 'Best estimate' surplus grows £14bn
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the June 2019 estimates on the various measures…
DB funding - May 2019: Best estimate funding level stagnant over May, says First Actuarial
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the May 2019 estimates on the various measures…
DB funding - April 2019: Bond yield growth boosts funding positions
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the April 2019 estimates on the various measures…
DB funding - March 2019: Best estimate funding level falls due to higher inflation expectations
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the March 2019 estimates on the various measures…
'Big four' must split audit and consultancy work, says CMA
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
Could surety bonds provide greater scheme security?
A rarely-used insurance product guarantees the payment of DRCs in the worst-case scenario. James Phillips asks if it is appropriate for DB schemes
January sees marginal boost for DB funding levels
Defined benefit (DB) funding levels improved by just 40 basis points during January, according to JLT Employee Benefits.
