Defined benefit – Page 37
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NewsUK government due to present long-awaited pensions legislation
Pensions bill to cover greater powers for regulator and frameworks for CDC provision and pension dashboards
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NewsAverage CDI allocations double over 18 months, says report
Inreasing allocations to infrastructure investments one of the biggest drivers, according to financial tech company RiskFirst
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NewsReport calls for more schemes to promote partial transfer option
Greater access to partial transfers could be in the interest of members, financial advisers and schemes, according to Royal London and LCP
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Aegon pushes for DC switch for Dutch staff
Continuing with DB arrangements would cause a disproportionate increase in costs, according to the insurer – but other options are limited
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NewsRothesay Life to raise £500m in preparation for DB insurance deals
Plus: Legal & General has insured a UK law firm’s £35m scheme, transferring from its fiduciary management business
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UK DB scheme deficit hits two-year high amid Brexit uncertainty
The combined DB pension funding shortfall across the UK’s biggest 350 listed companies increased by £16bn during August
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One fifth of UK schemes in ‘weak’ position by TPR standards
Hymans Robertson analysis finds just 11% of schemes have a “strong” sponsor covenant, while one in five trustees has or expects to experience regulatory intervention
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Pension liabilities set to rise as mortality falls in first half
Analysis from longevity experts at Club Vita indicates that longevity improvements could be on the rise again – which means DB scheme costs could increase
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L&G backs ‘innovative’ buy-in for Hitachi UK pension scheme
The data and technology company’s scheme has insured members’ benefits, preserving an unusual DB-DC hybrid arrangement
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UK health insurer transfers £20m DB scheme to master trust
TPT Retirement Solutions has consolidated a ‘wide variety’ of schemes in the past year
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NewsAccounting standards board approves changes to DB reporting methods
The IASB sought to address complaints that pensions accounting rules ‘often do not meet the primary objectives’ of accountants and analysts
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PPF assets grow to £32bn but surplus hit by Kodak claim
A 5.2% investment return for 2018-19 helped boost assets but the lifeboat fund’s biggest claim dented its surplus
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Half of FTSE 100 companies could buy out DB funds in 10 years: report
Diverting an additional 6% of profits would let 70% of FTSE 100 schemes buy out within a decade, says Barnett Waddingham
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NewsAccounting roundup: Committee warns on DB-DC ‘blurred lines’
Plus: FRC maps out its plan to transition to the Audit, Reporting and Governance Authority; Change to accounting rules for multi-employer pension schemes
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NewsAuto-enrolment success masks inadequate savings rates, industry warns
More people are saving into a pension in the UK following auto-enrolment, but the amount they are saving is far short of what is needed
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UK regulator seeks to stem flow of exits from DB schemes
Financial Conduct Authority says too much financial advice related to transfers is ‘still not of an acceptable standard’
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Dutch industry schemes combine DC accrual with collective benefits
Pension funds are ‘getting in lane’ for expected pensions reform, which could see individual DC accrual replace the Netherlands’ traditional model
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UK high street chain shuts £5.6bn DB scheme
John Lewis Partnership will switch its staff to an “improved” defined contribution fund after a year of negotiations with staff
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NewsUK charities facing ‘double whammy’ as pension deficits climb
Hymans Robertson has urged charity DB fund trustees to assess options for securing covenants or consolidating
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Chart of the Week: Auto-enrolment boosts UK pension coverage
As minimum contributions rise from 5% to 8% of salary, fresh data reveals the transformative nature of auto-enrolment in the UK
