Defined benefit – Page 38
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News
German chemicals company de-risks with lump sum payments
Employees respond positively as Henkel offers one-off payment to reduce DB liabilities
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UK pension fund body targets consolidation in strategy update
Pensions dashboard, cost transparency and improving standards placed at the centre of four-year plan
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IFRS committee rules on DC refunds for plan sponsors
IFRS Interpretations Committee says discounts on overpayments to DC plans shouldn’t mean DB treatment is necessary
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UK pensions watchdog to clamp down on ‘excessive’ dividends
Companies must prioritise pension funding when finances come under pressure, TPR says
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Chart of the Week: DC overtakes DB in top seven pension markets
€35.6trn invested in 22 markets, Willis Towers Watson reports, with DC making headway in the UK, Canada and Japan
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UK roundup: Apollo strikes funding deal with RPC pension funds
Also: XPS reassures on GMP costs as liabilities estimated to rise by less than 1%
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DB consolidators pose covenant trade-off questions for trustees: study
Trustees must weigh strength of existing sponsor covenant against replacement financial covenant
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NewsAccounting roundup: Discount rates on the rise
Also: DB, DC plan definitions under IAS 19; IASB staff still working on DC discount rate anomaly
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Scheme consolidator secures £225m funding from credit specialist
TPG Sixth Street Partners to invest in Clara-Pensions, with backing set to rise to £500m
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MP urges pension investment in UK social and public projects
Robert Jenrick calls for pension managers to embrace ‘patient capital’ to benefit from and boost UK growth
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UK roundup: FTSE 350 companies ‘could de-risk at low or no cost’
Also: Rentokil Initial seals £1.5bn buy-in with PIC; Listed companies’ combined shortfall improved in November
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Chart of the Week: The changing Irish pension landscape
Europe’s pension funds head for Dublin for IPE’s annual Conference & Awards next week
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UK roundup: Young workers have ‘false sense of security’ on pensions
Plus: DB to DC transfers rise, Capita agrees recovery plan, and HMRC admits pensions tax errors
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USS prepares fresh valuation as employers accept more risk
UK’s biggest pension scheme aims to put forward new contribution rates in February to resolve long-running dispute
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Huge surge in companies offering pension flexibility, says WTW
More and more firms plan to offer employees options on how they use their pension contributions
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Actuaries call for pension benefit simplification to aid consolidation
Some schemes’ administration costs could be cut by up to 50%, report claims
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NewsUK roundup: GMP revision costs ‘could outweigh benefits’
Plus: Manchester university staff to vote on strike action over pension changes; smaller companies open to master trust switching
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Long-term equity holdings ‘won’t solve’ USS funding gap, experts warn
‘Keeping more equity for longer won’t magically reduce costs and liabilities,’ consultants argue in open letter to UK’s biggest scheme
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NewsUK schemes face £15bn bill from pension equality ruling
High Court decision signals end to nearly 30 years of uncertainty over ‘guaranteed minimum pension’ payments
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Ford drives retirement flexibility with partial pension transfer option
Active members will be able to transfer half of their DB pension into a DC scheme to access more retirement options
