Triennial Valuations
Has the triennial valuation had its day?
Michael Klimes asks whether the triennial valuation should be scrapped
Lothian brings asset management in-house as deficit triples
The Lothian Pension Fund has announced its deficit almost tripled to £417m over the last three years as the scheme continues to bring more asset management in house.
Tolerating poor standards: Six criticisms of scheme actuaries
Hilary Salt warns quick-fix compliance is replacing professional judgement
Trinity Mirror agrees to pay £108.6m to plug scheme deficit
The Trinity Mirror Group has agreed to pay £36.2m into its defined benefit schemes on an annual basis over the next three years to plug its ballooning deficit.
Heathrow agrees extra £27m to plug DB scheme's £300m deficit
Heathrow has agreed to spend an extra £3m annually over nine years until 2023 to plug the £300m deficit of its defined benefit (DB) pension scheme.
BT will pay £1.5bn into DB scheme by April to tackle £7bn deficit
BT will pay £1.5bn into its defined benefit (DB) pension scheme by April to tackle a £7bn deficit as part of an agreed recovery plan with the trustees.
Mitchells and Butlers agrees recovery plan to tackle £527m deficit
Mitchells and Butlers has agreed a ten-year recovery plan with trustees of its defined benefit (DB) scheme, after its latest triennial valuation revealed a £527m shortfall.
UCU blames 'radical' USS changes on flawed valuation
Proposed changes to the Universities Superannuation Scheme (USS) are being justified by an overestimation of its deficit, according to University and College Union (UCU).
Co-op uses sale proceeds to plug pension deficit
The Co-operative Group has increased annual deficit contributions and made a one-off £30m payment to its scheme following the disposal of several parts of its business.
Barnett Waddingham launches valuation tool for DB code of practice compliance
Barnett Waddingham has unveiled an online valuation tool targeted at trustees and employers to help them comply with the updated defined benefit (DB) code of practice.
STV agrees to accelerate deficit recovery plan
STV has agreed an accelerated deficit recovery plan with trustees of its two defined benefit (DB) schemes after protracted negotiations.
Triennial valuations 'becoming a thing of the past'
Triennial valuations are quickly "becoming a thing of the past" as three-quarters of trustees say it is important to have real time access to information says Hymans Robertson.
Severn Trent agrees recovery plan
Severn Trent is set to contribute £75m over two years to help plug the deficit of its defined benefit schemes.
Where next for the LGPS?
Naomi Rainey looks at the issues raised by 2013’s triennial valuation
LPFA reaches 91% LGPS funding level
The London Pension Fund Authority's (LPFA) funding level climbed to 91% in the three years to 31 March 2013, its triennial valuation reveals.
Valuations: a mixed bag for the LGPS
Naomi Rainey looks at the latest round of triennial valuations
Buzz: Trustees are using valuation flexibility
The majority of contributors said trustees were generally using the flexibility in the system when setting assumptions for valuations.
Employers should 'apply pressure' on trustees to use full valuation flexibility
Sponsoring employers have been urged to apply pressure on trustees to make sure the full flexibility allowed in actuarial valuation assumptions is used, advisers say.
Valuation cycle means 'lucky schemes enjoy good market performance'
A number of pension funds are avoiding poor valuation results because of the fortunate timing of their three-year cycles, according to Hymans Robertson partner Patrick Bloomfield.
RSA cuts deficit funding as shortfall drops £250m
Insurance group RSA has reduced its deficit recovery plan after the firm's triennial valuation revealed a 36% drop in its deficit.
Comet scheme deficit unchanged despite accelerated recovery plan
The Comet Pension Scheme deficit remained unchanged at €40m (£34m) last year, despite the scheme receiving additional contributions in a deal which released former sponsor Comet from its obligations.
LPFA funding level hits 95%
The London Pensions Fund Authority's (LPFA) funding level is around 95%, according to its 2013 valuation.
Home Retail Group closes DB scheme to existing members
Home Retail Group has closed its defined benefit scheme to existing members after its latest triennial valuation revealed a £158m deficit.
Whitbread increases asset-backed funding to tackle deficit
Whitbread has increased the value of its asset-backed funding arrangement with its pension scheme to continue tackling its deficit, its latest results show.
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