Defined benefit – Page 27
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NewsUK roundup: British Steel Pension Scheme in £2.7bn buy-in deal
Plus: DWP opens auto-enrolment consultation for defined benefit schemes; Direct Line Group Pension Trustee picks LifeSight as master trust provider
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NewsPensions regulator calls on DB trustees to brush up on employers’ financial positions
A high level of debt among businesses can risk their ability to support DB pension schemes
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NewsUK travel pension fund secures £900m buy-in deal with Aviva
The buy-in and eventual buyout with Aviva will ultimately result in a better outcome for the vast majority of members
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Opinion PiecesViewpoint: Differentiation – the future of professional pension trusteeship
When purchasing professional services, choice is good. Differentiated choice is even better.
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NewsAon lauds BoE sparking ‘robust debate’ on wisdom of UK buyout surge
Consultancy responds to warning from UK central bank about risks of insurers rushing to offer bulk annuities to now-healthier DB schemes
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Country ReportUK: Beware the unintended consequences of the DB funding code
Laura McLaren highlights the unintended consequences of TPR’s proposed code, and what can be done to mitigate the risks
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Opinion PiecesBlame will not solve the issues raised by the LDI crisis
The chain of events that led to the UK’s liability-driven investment (LDI) crisis, a high-profile inquiry by the UK Parliament, and a time of anxiety and introspection in the country’s pension industry, started well before then prime minister Liz Truss’s government and its somewhat reckless ‘growth plan’.
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Country ReportUK: A review of the LDI debacle
The UK Parliamentary inquiry into the LDI crisis has shed light on its causes, but the debate over the lessons learned for the UK DB industry is far from over
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NewsThe Pensions Regulator pushes trustees on long-term funding targets
TPR’s Annual Funding Statement explains how pension funds will need to reset funding and investment strategies
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News‘Potential renaissance’ of UK DB pensions mooted amid parliamentary probe
Work and Pensions Committee’s inquiry into defined benefit pension schemes ends today
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NewsBuy-in roundup: Safeway completes £1.4bn deal with Rothesay
Plus: Ibstock Pension Scheme’s £190m buy-in with Just Group; Market volatility pushes buy-in/buyout volumes
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NewsPensionsEurope Conference: Risk management in time of transition
The move from DB to DC schemes, and a renewed emphasis on ESG, lead to a rethink in governance and investments
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NewsFuture of UK pensions ‘looks risky’, says IFS as Pensions Review is launched
The Pensions Review will produce a series of detailed reports over the next two years on these challenges facing future generations of pensioners
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NewsUK parliamentarians call for greater accountability of regulators
RRG recommends forming a new cross-parliamentary committee to oversee the performance of regulators
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NewsBTPS in-house arm rebrands to offer services to third-party DB schemes
Brightwell’s first new client is the £1bn DB division of EE Pension Scheme
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Country ReportNetherlands: Pension overhaul nears another milestone
The law to reform Dutch pensions has finally been approved by the Dutch lower house, but the switch from DB to DC still needs to clear one hurdle – the Senate
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NewsBank of England tips Pensions Regulator to keep LDI buffers wide
UK central bank advises DB pension funds keep minimum of 250 basis points buffer liquidity – but more on top of that
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NewsUK pensions industry calls for delay of DB Funding Code implementation
Critics of the proposed regulations argued that the new legal framework would be overly rigid
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NewsUK Budget: pensions annual allowance increased, LTA abolished
These changes to pension allowances won’t impact the vast majority of hard working savers, industry says
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NewsUK roundup: FTSE 350 pension scheme funding shows noticeable surplus increase
Plus: Trustees warned of insurance firms’ TCFD reports for risk transfer selection; Pension funds hold key to unlocking nature and wildlife potential
