This week’s top stories included news that buy-in and buyout volumes are set to reach £30-£40bn in 2021, while Pensions Infrastructure Platform owner announced its intention to float on the London Stock Exchange.
Many schemes are actively thinking about defined benefit (DB) consolidation and are waiting in the wings for the superfunds to prove themselves before engaging, Clara says.
Respondents say it is a bad idea to state the extent member views are taken into account when setting investment strategies.
Vehicles to promote and enable pension scheme consolidation have been accused of forgetting the policy's intention of boosting outcomes for members of sub-scale schemes.
This week's top stories included coverage of the much-anticipated defined benefit (DB) white paper and the sector's reaction.
Joe Dabrowski says superfunds will encourage employers to "step up" and pay more into schemes earlier than under existing arrangements.
The government's white paper on defined benefit (DB) sustainability may include a heavy focus on scheme consolidation, benefit simplification and The Pensions Regulator's (TPR) powers, a senior civil servant has hinted.
The PLSA's DB taskforce has released more details about its suggested scheme consolidation route, but questions remain about how it would work in practice. James Phillips reports
Consolidating defined benefit (DB) schemes could give members greater security and lead to more affordable benefits, the Pensions and Lifetime Savings Association's (PLSA) taskforce has said.
Helen Morrissey spoke to DB Taskforce chairman Ashok Gupta at the recent PLSA Investment Conference about industry reaction to its recent report
The PLSA's DB taskforce has suggested employers should be able to offload their DB scheme into merged 'superfunds'. James Phillips explores the idea.