Defined benefit – Page 32
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NewsNational Grid scheme in £800m buy-in deal
Plus: Homestyle fund completes £103m bulk purchase annuity transaction
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NewsPPF: Two thirds of DB schemes in deficit following COVID-19 market crash
The UK’s DB lifeboat fund warns of an expected increase in the number of claims over the next year as the pandemic’s effects bite
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News
Dutch company schemes may choose to grandfather existing funds
Pension cuts will lead to disappointed members, reducing support for the new pension contract
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FeaturesAccounting Matters: Accounting for the Wedge
The reason why defined benefit (DB) scheme sponsors account for inflation is because International Accounting Standard 19, Employee Benefits, tells them that if they make a benefit promise that is linked to price increases, the effect of that commitment has to be accounted for. The starting point for what by any standards is a gargantuan actuarial task is to look at yields on inflation-linked bonds.
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News
Regulator called to ‘fight the corner’ of Arcadia pension scheme members
Sir Philip Green’s high street retail company reportedly on the brink of collapse
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NewsUK roundup: Top governance group warns against ‘race to the bottom’
Plus: Smiths Industries £146m buy-in, IA sets out executive pension, climate change stance
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InterviewsInterview: Sorca Kelly-Scholte on the future of RPI
Sorca Kelly-Scholte, JP Morgan Asset Management’s (JPMAM) EMEA head of pension solutions and advisory, discussed with IPE.com editor Venilia Amorim how she thinks pension funds can plan for the road ahead, in light of the uncertainty over the future of RPI and whether or not it gets fully phased out.
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Opinion PiecesCan superfunds be the silver bullet for DB woes?
Consolidation as a means of achieving better outcomes for pension schemes is a growing trend. This was highlighted in the UK’s Department for Work and Pensions’ (DWP) 2018 White Paper on protecting defined benefit (DB) pension schemes.
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NewsMPs warned about DB sponsor cost hit from proposed funding rules
Pension Schemes Bill due to be scrutinised by the Public Bill Committee in the House of Commons next week
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NewsNearly two-thirds of listed DB sponsors have warned on profits this year
UK-listed DB sponsors are concentrated in industrial and consumer discretionary FTSE sectors
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NewsUK regulator delivers superfund guidance for trustees, sponsors
Guidance follows the announcement of an interim regime for superfunds in the summer
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News
New DB consolidator targets UK’s small schemes
Stoneport bids to serve as ‘wider solution to address inherent structural issue of sub-scale schemes’
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UK roundup: Brickmaker scheme completes £340m buy-in
Deal covers more than half of Ibstock Pension Scheme’s liabilities
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UK pensions regulator proposes to shift focus to DC
15 years after TPR was formed, most DB schemes are closed to new members
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NewsClara-Pensions gains CPPIB-owned Wilton Re as capital partner
US life reinsurance company joins Sixth Street as investor in superfund
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Superfund sees ‘train hard to fight easy’ value in tough TPR process
Rigorous regulatory assessment important for confidence
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How the Howden Joinery pension fund navigated the global pandemic
The UK building supplies company had just signed off on a new long-term strategy when the pandemic hit
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News
M&S pension trust picks Northern Trust for DB asset servicing
The £11bn DB scheme for the supermarket chain will receive global custody, financial reporting and analytical services
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NewsUK roundup: Thames Water DC scheme joins Aon MasterTrust
Plus: Schemes target buyout deals as long-term objectives
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NewsCDC pensions ‘would be 70% higher than traditional DC, 40% for DB’
CDC on track to be a third option for employers from next year
