Defined benefit – Page 20
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NewsDWP embraces PPF as potential public pensions consolidator candidate
‘From a variety of perspectives there’s clearly an investment model that we already have, expertise and infrastructure,’ says the PPF
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NewsDB pension funds ‘working against’ government’s productive finance agenda
Defined benefit schemes have now stopped and some even reduced their allocation to illiquid assets, says WTW
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NewsUK pensions industry told to prepare for consolidation
Industry experts expect to see a significant amount of consolidation in the market by 2035
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NewsUK sees record £21.2bn transferred to insurers in first half of 2023
LCP research shows number of UK private sector DB schemes fully-funded on buyout has increased to 20%
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NewsIrish Pensions Authority publishes own-risk assessment guidance
Trustees are required to complete a full own-risk assessment every three years.
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NewsPension schemes encouraged to run on to avoid potential value loss
Van Lanschot Kempen launched a solution for schemes approaching their endgame to encourage longer term thinking for the benefit of members, trustees and sponsors
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NewsLondon Stock Exchange Pension Scheme in £335m buy-in with Standard Life
The transaction secures benefits of the scheme’s 1,740 members
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News68% of Irish DC schemes plan to wind up and transfer to alternative arrangement
Many schemes are moving their pensions into multi-employer mastertrusts or personal retirement savings accounts
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NewsElevated mortality rates accelerate DB scheme shift towards de-risking
Mortality analysis from the start of the coronavirus pandemic until the end of 2022 showed that England and Wales had an excess mortality rate of 26% at the end of 2022
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NewsDB schemes need integrated approach to sustainability reporting
Hymans Robertson suggests three initial actions pension schemes and other institutional investors should take for successful TNFD reporting
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Opinion PiecesDoes the UK really need to consolidate thousands of DB schemes?
The UK’s so-called Mansion House Reforms are under way. This cluster of policies takes its name from the residence of the Lord Mayor of the City of London, which is the venue for a regular set-piece policy speech by British chancellors of the exchequer, the latest of whom is Jeremy Hunt.
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AnalysisUK pension industry reacts to government’s ambitious Mansion House Reform agenda
September saw the close of key pension reform consultations. Pamela Kokoszka and Liam Kennedy assess the proposals and some of the responses
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Opinion PiecesLondon’s Lord Mayor Nicholas Lyons outlines his plan to raise £50bn from pension funds for UK growth assets
The road to hell is paved with good intentions. This aphorism can perhaps well describe the current state of the UK’s investment ecosystem. Despite Europe’s largest pension market at £2.5trn (€2.9trn), the UK economy has been starved of risk capital through a series of legislative and regulatory decisions.
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NewsInstitute highlights risks for DB funds in ‘productive finance’ investing
EDHEC Infrastructure & Private Assets Research Institute recommends The Pensions Regulator set up best practice rules
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NewsUK buyout market to grow to £60bn per year, say pension professionals
The SPP expects schemes to focus on resilience, against rising interest rates, defaults and longevity
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NewsValue of UK defined benefit schemes falls by £626bn in 2023
ONS data indicates that the total value of DB pension schemes decreased from over £2trn at the start of 2022 to less than £1.4trn by the end of March
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NewsNorthern Bank Pension Scheme secures benefits of nearly 2K members
The transaction also involved the successful transfer of an illiquid asset from the pension scheme
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NewsCable and Wireless Superannuation Fund complete £340m buy-in deal
The transaction marks the fund’s third and final deal with Legal & General
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NewsM&G returns to UK bulk annuity market
The buy-in for M&G’s own pension fund secures the benefits of 1,414 pensioners and deferred members
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NewsGovernance group calls UK government to end DB/DC ‘intergenerational unfairness’
To encourage corporate DB schemes to build a surplus, plan sponsors should be offered the chance to deploy surplus to boost DC contributions, IGG says
