Defined benefit – Page 34
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News
Inflation-linked strategies could lead to UK schemes losing £200bn in returns
DB funds currently have £550bn invested in Gilts linked to the retail price index
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News
USS to consider JNC decision as union warns of industrial action
Negotiating committee decides to progress employers’ proposal for USS changes
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NewsAon launches CDC quiz to help UK employers, pension funds
Respondents can establish which ‘flavour’ of CDC might be suitable for their circumstances
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NewsPlan sponsors can reduce DB scheme cash costs by 30%, says Hymans
Schemes taking a bespoke route will have more time to recover from any funding shocks compared to following expected ‘Fast Track’ requirements
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NewsAccounting round-up: FRC ups enforcement, focuses on DB accounting
Plus: IASB disclosure requirements project; FRC’s feedback statement on non-financial reporting
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News
Alecta says its work on fixed income and alternatives helped lift H1 return
DB product returns 7.7% in January-June; DC produces 12.4%, Swedish pension fund reports
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News‘Value’ data supply could hinder Pensions Dashboards Programme success
‘The issue of estimated retirement income is particularly complex and must be resolved in good time’
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NewsLCH, Insight moves make cleared repo accessible to more schemes
Cleared repo brings new sources of liquidity
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NewsUK issues response to TPR’s extended powers consultation
Regulations are expected to come into force in October 2021
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NewsUK roundup: Railway schemes to offer flexible retirement
Plus: QinetiQ buy-in deal with Legal & General; CAB International picks Aon as admin of pension fund
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News
USS employers back changes to pension scheme
Without changes to the scheme, employers and scheme members face escalating contribution rates
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News
PensionsEurope conference: PGGM yearns for switch to DC
‘We are in need of a new pension system to avoid investing to a very large extent in very long-dated euro government bonds or swaps to hedge our liabilities’
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News
UK DB consolidator Clara appoints Kempen as fiduciary manager
Subject to regulatory authorisation, opportunity set seen as ‘substantial’
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News£251m in de-risking deals as AIB converts APP, Wyeth seals buy-in
Two de-risking deals for a combined £251m were announced today, comprising the first conversion of a Legal & General Assured Payment Policy and a buy-in
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NewsTPR calls on DB schemes to look out for funding challenges
Pension funds should retain a focus on the long term – most specifically around planning and risk management
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NewsUK DB schemes end turbulent year in strong position, LCP says
LCP’s report found that UK DB schemes ended the year with an aggregate balance sheet surplus of £10bn
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NewsPension deficits turned into surpluses at the start of pandemic, says WTW
Where deficit contributions were made, the median amount paid in 2020 was estimated at £15m, up 8% on 2019
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NewsUK roundup: DB schemes stronger than pre-COVID levels
Plus: DWS, Tikehau’s new secured income fund; National Trust awards climate change mitigation mandate
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News
Lay trustee role increasingly difficult to sustain, industry says
The role has changed significantly in recent years due to increased governance requirements
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NewsSchemes risk cutting corners to meet CMA deadline, says Hymans
A rushed process would risk ‘missing out on the best fees’
