All defined benefit funding articles
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NewsSecond UK DB funding code consultation delayed until late summer
Delay due to timing of government regulations
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News
USS says legal challenge sought by academics without merit
Lecturers’ union has separately said it considers USS may have breached its own scheme rules during the valuation process
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News
FCA finalises rules for Long-Term Asset Fund regime
Regulator defines success as products being launched and DC schemes investing in them
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News
Russell Group flags support of UUK options as USS sees ‘grounds for cautious optimism’
Influential subset of UUK employers states areas of agreeement with UUK options for addressing contested 2020 USS valuation
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Country Report
DB funding – a mixed recovery story
Last year brought both operational and financial challenges for defined benefit schemes but some have come out looking better for it
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News
UUK floats ‘difficult’ USS covenant requests, new DB/DC balance
Staff union accuses employer body of proposing ‘unnecessary and damaging cuts’
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News
Three in four UK DB schemes could turn to contingent funding
Consultancy LCP says several factors will account for big rise in popularity
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News
Covenant centrestage as USS outlines higher contribution rates
Contributions could go from upcoming 34.7% to 49.6% unless employers make further commitments, says USS
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News
UK pensions legislation clears parliament after funding rule assurances
DB funding regime will remain ‘genuinely’ scheme-specific, says junior minister Stedman-Scott
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News
UK roundup: FTSE 350 pension deficit finishes 2020 at £70bn
Mercer chief actuary emphasises de-risking importance
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News
Softer tone on open DB plans seen in TPR ‘myth-busting’ comments
Policy director David Fairs sets out regulator’s intentions, thinking about open schemes, next steps for DB funding code in blog post
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News
Nearly two-thirds of listed DB sponsors have warned on profits this year
UK-listed DB sponsors are concentrated in industrial and consumer discretionary FTSE sectors
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News
Aon: latest valuations show 67% UK schemes use long-term funding target
The LTO principle is key to the revised TPR code of practice
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News
UK roundup: COVID-19 pushes back FTSE350 DB endgames
Plus: Exeter Uni in Mercer-Aon switch for investment advice
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Interviews
Premier Foods deal: ingredients unusual, but principle replicable
A ‘landmark’ pensions agreement has been struck at the UK food manufacturer
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News
500-plus UK employers expected to delay pension deficit payments
First estimate from LCP is that around £500m will be held back
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News
PPF DB index funding level dips 0.7 percentage points in March
114 more schemes are in deficit than at the end of February, according to new UK DB lifeboat fund figures
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News
UK publisher seeks pension deficit contribution deferral talks
Company says all stakeholders need to play their part
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News
UK roundup: RPI reform impacts; cost transparency system live
PPI quantifies various potential impacts of RPI reform; Monitoring system launched for LGPS cost transparency code
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News
TPR sets out key principles for DB trustees on deficit contribution deferrals
DB trustees need to make sure other stakeholders play their part
