Defined benefit – Page 20
-
Opinion PiecesIBM revives defined benefit pensions in the US
This January 2024 marks an important turning point in the US retirement industry. Technology giant IBM, which has always been seen as a bellwether of American business practices, is keeping its 401(k) plan, but will stop matching contributions of up to 6%.
-
NewsDutch pensions minister warns against consequences of referendums
New political party NSC, which is currently in negotiations to form a government, wants all pension funds to organise a referendum on the transition from DB to DC
-
NewsPharmacists to complain about Boots and L&G buy-in deal
Pharmacists union members plan to complain about the removal of an unreduced pension option following Boots and L&G transaction
-
NewsCorporate strategy and pension schemes’ ESG agendas misaligned, survey finds
Only 37% of CFOs and senior executives reported their corporate strategy and schemes’ ESG agendas are aligned
-
NewsUSS to reduce contribution level to 14.5% in January
While reporting a healthy surplus, lowering contribution rates and improving benefits is a ‘positive backdrop for USS’, says CEO Carol Young
-
NewsFRC updates actuarial guidance in light of increased buyout activity, superfunds
FRC is also considering feedback received in relation to TAS 310
-
NewsRailpen framework to help investors assess their capacity to invest in illiquids
The framework focuses on the illiquidity aspect of private markets, rather than the potential for additional return or diversification
-
NewsDe-risking gains in importance for pension schemes approaching endgame
56% of survey respondents identify de-risking as investment priority
-
NewsThales Pension Scheme secures £2.7bn buy-in with Rothesay
The transaction secures benefits of over 16,000 members – 10,512 pensioners and dependants as well as 5,915 deferred members
-
NewsTrustees expect more from new bulk annuity market entrants
Trustees now assess insurers on financial strength, ESG factors, administration capacity and quality, buyout capabilities, and brand awareness
-
NewsTrustees considering capital backed journey plan urged to engage with regulator
The Pensions Regulator set out expectations for trustees considering capital backed journey plan
-
NewsBoots pension scheme completes largest single transaction with L&G
The deal secures benefits of all 53,000 retirees and deferred members of the scheme
-
NewsCo-op pension fund insures remaining £4bn of liabilities
The transaction secures benefits for almost 50,000 members
-
NewsUK’s Autumn Statement proposals encourage DB schemes to run on
Chancellor announces consultation on changes to rules around DB scheme surpluses and tax rate reduction on surplus extraction
-
NewsDWP consultation finds trustees could benefit from more support
A key barrier to achieving better long-term outcomes for pension savers is a ‘damaging and continual focus on cost and minimising all risks’
-
NewsMixed views on UK government plans to consolidate DB schemes into PPF
PPF a ‘clear choice’ for public sector consolidator, but concerns remain over the time it would take to make it operational
-
NewsChancellor updates on Mansion House reforms, announces further consultations
The government will consult on opening PPF as an investment vehicle for smaller DB schemes
-
NewsIndustry cautiously welcomes British Business Bank investment initiative
‘Pension schemes must be given time to plan a considered and effective move into private assets,’ says Aegon
-
NewsFiduciary managers’ mandates fall for the first time, says Isio
Isio’s Paula Champion expects fiduciary managers to look for other pools of assets as the ‘DB world is declining’
-
AnalysisGrandfathering option will make Dutch pension transition successful, says Agnes Joseph
The pension actuary turned politician has made the pension reforms a prominent topic in the campaign for parliamentary elections to be held this Wednesday
