Defined benefit
In-depth reporting on defined benefit (DB) pensions for our pension fund and asset management readers from IPE’s award-winning journalists
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NewsStaples pension fund concludes buyout with Aegon
The Dutch company pension scheme, with €660m in assets under management, has been closed since 2015
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NewsBaker Hughes completes three buy-ins worth £900m with PIC
The transactions secure pensions of over 3,000 pensioners and dependents, and nearly 4,000 deferred members
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NewsVan Lanschot Kempen creates £100m private markets portfolio for DB scheme
The mandate is structured to provide the pension fund with access to Van Lanschot Kempen’s capabilities in private equity and infrastructure
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NewsPensions admin firm Festina ready to take on UK pension fund clients
The Danish fintech firm says the UK market is ‘at an inflection point’
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NewsUK actuaries’ Section 13 Review to focus on DB surplus
It will be “key” to understand the decisions that are made along the way and the rationale for those decisions
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NewsLGPS: ‘strong, cohesive’ oversight to be more important going forward
‘Fund officers must hold pools accountable, particularly during periods of underperformance’, says head of pensions at Lincolnshire County Council
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NewsClara Pensions completes superfund deal with landmark not-for-profit transaction
UK’s first connected covenant structure deployed in £55m CMS pension transfer, widening access to consolidation for charities
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NewsDWP’s Impact Assessment says DB reforms put members’ pensions at risk
Accessing surplus may improve employer’s financial position, but may risk pension scheme becoming underfunded, says Pension Security Alliance
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AnalysisIPE UK Briefing: Pension Schemes Bill
Plus: Mansion House Accord, DB surplus extraction and British Growth Partnership
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NewsUK government sets out indicative timeline for pensions reform
DWP launches roadmap setting out UK’s provisional plan to implement reforms across DC and DB workplace pensions
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NewsUK launches ‘game changing’ Pension Schemes Bill
DWP says new bill will create a more ‘efficient, resilient pension landscape’, and lay the foundation for the upcoming Pensions Review
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NewsPensions regulator calls on trustees to consider new options for endgame planning
TPR says it is ‘critical’ that trustees take advice and undertake an appropriate level of due diligence
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NewsReforms to boost UK growth will take several years to show results, says PPI
Institute says that if government policy reforms have their desired effect, data should start to reveal higher allocations to private markets and to UK assets
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NewsCheviot master trust launches enhanced model to meet evolving demands
The DB/DC master trust partnered with Spence & Partners and Van Lanschot Kempen
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NewsUK government to allow trustee approval of DB surplus extraction
It also puts public sector consolidator proposals on the backburner
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NewsMorrisons retirement saver plan in £270m buy-in with Aviva
The transaction benefits over 32,000 deferred members of the plan
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NewsUK businesses plan to access DB pension surplus – research
UK government estimates that total surplus within DB pension schemes stands at £160bn
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NewsFrieslandCampina in €1.5bn buyout deal with Achmea Pension & Life
The deal covers pension assets of approximately 8,000 (former) employees of Friesland Foods and FrieslandCampina
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NewsUK DB funding levels hit record high with £160bn ready to boost growth
UK government is expected to publish a response to surplus extraction rules in coming weeks
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NewsDutch parliament blocks amendment on DC conversion vote
MP Agnes Joseph failed to convince enough fellow MPs to vote in favour of her proposed amendment
