superfund

Companies are increasingly looking to consolidators, superfunds and other sophisticated financial structures to help remove their defined benefit (DB) liabilities, The Pensions Regulator (TPR) says.

The government’s much-awaited ‘Tax Day’ was met with little fanfare as predictions of cuts to higher-rate tax relief again failed to materialise.

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.