Defined benefit – Page 19
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NewsUK pensions industry expects reform updates following disappointing King’s speech
The chancellor should be ‘bold and creative’ about long-term policy, says Hymans Robertson
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NewsDutch pension sector fears double-digit admin cost rise ahead of election
A further delay to the pension transition deadline, which has already been pushed forward several times, would indeed be ‘unavoidable’ if the new pension law is changed
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NewsDB schemes need incentive to run on, fund government’s productive finance agenda
The conversation about funding UK growth is too focused on returns instead of risks
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InterviewsBenefits of travelling together in pensions: Wyn Francis’s journey from BT to Brightwell
Wyn Francis, CIO of Brightwell, talks to Carlo Svaluto Moreolo about the new phase of development for the organisation
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NewsBT Pension Scheme sees assets drop despite improved funding position
The scheme’s deficit dropped to £3.7bn in 2023 compared with £8bn in 2020, while its liabilities also declined to £41bn in 2023 compared with £51.28bn in 2022
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NewsSuperfund transfer ‘viable’ solution to schemes, poll finds
Trustees agree more schemes will follow now that first superfund transaction is completed
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NewsEnplan adds Schroders to defined benefit consolidation platform
Enplan schemes will benefit from Schroders’ advanced LDI modelling and access to a range of proven asset managers through an open architecture
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NewsDeutsche Bank UK pension scheme completes £500m buy-in with Legal & General
The deal marks third buy-in for the scheme and secures benefits of around 2,000 retirees and deferred members
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NewsIndustry raises concerns over DWP’s UK general levy proposals
APPT believes removing £10,000 charge for smaller schemes would lead to higher standards of governance
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NewsLCP urges UK DB sponsors to prepare for challenging economic times
Covenants under scrutiny: LCP urges sponsors to be ‘proactive’ as corporate insolvencies look set to increase
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NewsUK pensions minister urged to encourage schemes to invest in sustainability
LCP and Pensions for Purpose’s open letter urges pensions minister Laura Trott to encourage pension schemes to invest more in areas that drive forward sustainability goals
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NewsKing’s Speech fails to mention pension reforms
Speculation that the PPF could be used as a consolidator remains unaddressed, and this is now unlikely to be resolved for at least another 12 months, PMI says
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NewsClara’s first superfund transaction marks ‘significant milestone’ for UK pension industry
LCP estimates there could be £5bn or more further superfund transactions in the next few years
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NewsClara-Pensions announces first superfund deal
The formal transfer of members will proceed at the end of November
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NewsUK pension schemes concerned over insurer capacity as they approach endgame
The total deal value for bulk annuity transactions is expected to reach ‘well over’ £40bn in 2023
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NewsCFOs uncertain of pension schemes’ endgame objective
Cardano’s research shows that 51% of CFOs are seeking external advice to determine the endgame for their schemes
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NewsResolution Life enters UK buyout market
The agreement provides capacity to the UK pension risk transfer writers in a sustainable way
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NewsThe Pensions Regulator will not mandate schemes on how to invest
Instead, TPR will be challenging decision-making to ‘make sure trustees are always acting in members’ interests’, says Nausicaa Delfas
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NewsStandard Life highlights barriers for trustees to deliver endgame strategy
Market volatility was cited as a key concern by trustees to deliver their endgame strategy
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NewsUK pensions regulator to take ‘more assertive’ approach
‘We will be testing the full suite of powers available to us to really change behaviours’ says TPR
