Defined benefit – Page 5
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NewsUK launches ‘game changing’ Pension Schemes Bill
DWP says new bill will create a more ‘efficient, resilient pension landscape’, and lay the foundation for the upcoming Pensions Review
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NewsPensions regulator calls on trustees to consider new options for endgame planning
TPR says it is ‘critical’ that trustees take advice and undertake an appropriate level of due diligence
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NewsReforms to boost UK growth will take several years to show results, says PPI
Institute says that if government policy reforms have their desired effect, data should start to reveal higher allocations to private markets and to UK assets
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NewsCheviot master trust launches enhanced model to meet evolving demands
The DB/DC master trust partnered with Spence & Partners and Van Lanschot Kempen
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NewsUK government to allow trustee approval of DB surplus extraction
It also puts public sector consolidator proposals on the backburner
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NewsMorrisons retirement saver plan in £270m buy-in with Aviva
The transaction benefits over 32,000 deferred members of the plan
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NewsUK businesses plan to access DB pension surplus – research
UK government estimates that total surplus within DB pension schemes stands at £160bn
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NewsFrieslandCampina in €1.5bn buyout deal with Achmea Pension & Life
The deal covers pension assets of approximately 8,000 (former) employees of Friesland Foods and FrieslandCampina
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NewsUK DB funding levels hit record high with £160bn ready to boost growth
UK government is expected to publish a response to surplus extraction rules in coming weeks
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NewsDutch parliament blocks amendment on DC conversion vote
MP Agnes Joseph failed to convince enough fellow MPs to vote in favour of her proposed amendment
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NewsUK biggest funds renew call for investment independence
Outsourcing investment decisions to the government or regulators would be ‘seriously damaging’, asset owners warn
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NewsUK funds consider reducing US exposure amid tariff uncertainty
Pension funds have responded to market volatility driven by US tariffs through a combination of rebalancing, diversification, and governance reviews
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NewsAQA Education completes £120m full scheme buy-in with Rothesay
The transaction insures the benefits of all 869 scheme members, comprising 471 pensioners and dependants, as well as 398 deferred members
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NewsWales Pension Partnership launches £25bn pooled investment company
The company will consolidate assets of 22 local authority pension funds representing 412,000 members
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NewsIreland launches consultation on consolidation of defined benefit market
Master trust market in Ireland has continued to grow as trustees and employers respond to obligations under the IORP II
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NewsCancer Research UK pension fund in £280m buy-in with Standard Life
Th fund worked closely with Standard Life to meet its de-risking objectives and secure the buy-in deal through a ‘bespoke’ offering
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NewsUK market at ‘inflection point’ for tackling systemic risks, says report
But panellist describes systemic risk as another term that is ‘bandied about’ without being clearly understood
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NewsPrudential Regulation Authority puts funded reinsurance use high on agenda
Regulator to increase transparency of insurer life stress test by publishing both sector-wide and firm-specific stress test results for largest UK life insurers
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NewsBulk purchase annuity transactions hit record number in 2024
298 bulk purchase annuity transactions were completed in 2024, an increase from 227 in 2023
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Country ReportUK country report 2025: Defined benefit pension schemes face surplus unlock dilemma
Defined benefit pension schemes could face some tough decisions on how to deal with surpluses if planned legislative changes to ease access come into effect
