Defined benefit – Page 7
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NewsDB to DC switching triggers more non-pension equity investing too, CBS professor finds
‘By shaping their members’ understanding of capital markets, pension funds can contribute to deeper markets,’ says Jesper Rangvid
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NewsShareAction seeks to reform UK fiduciary duty law
The group aims for its amendments to be included in proposed changes made to UK Pension Schemes Bill
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NewsScheme for machinery dealership completes £250m buy-in deal
The bulk purchase annuity insures benefits of 2,170 members
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NewsTUI Group UK pension trust completes £370m buy-in with Legal & General
Move marks the plan’s third buy-in transaction with Legal & General
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NewsUK-listed companies with DB schemes issue 81 profit warnings in 2024
Companies issuing profit warnings could consider DB surplus as a source of cash support
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NewsCitrus Pension Plan picks Russell Investments as implementation partner
Russell Investments will deliver investment strategy across Citrus’s £300m investment portfolio
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NewsDB surplus extraction could boost UK economy but detail will be key
The move could unlock £100bn of value over the next decade
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NewsMajority of trustees support UK surplus extraction plans
FTSE100 companies have £50bn in surplus on low-dependency level, according to LCP
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NewsPension funds foresee increased risk to assets and liabilities in 2025
77% of pension fund executives surveyed by Ortec Finance say they expect the coming year to bring an elevated risk profile
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AnalysisIPE UK Briefing: UK consultations to unlock £80bn from LGPS and DC funds
Plus: DB surplus extraction, a new pensions minister, and NEST takes 10% stake in Australia’s IFM
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NewsSustainability Principles Charter signatories adopt bulk annuity sustainability survey
The initiative aims to reduce the average number of sustainability surveys completed by insurers annually from 10 to one
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NewsMomentum expected to continue for smaller schemes in BPA market
2024 saw new entrants Royal London and Utmost complete their first deals below £100m
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NewsTPR figures suggest government looks to extract surplus on low-dependency level
The government is looking to allow schemes more flexibility to enable surplus from DB schemes to be returned to employers
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NewsAon calls for member-centric innovation and transparency in bulk annuity market
Innovation around illiquid assets and transparency in funded reinsurance are also crucial priorities for the UK bulk annuity market, according to Aon
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NewsLufthansa completes three-in-one transaction with Royal London
Lufthansa Group has insured its three UK defined benefit (DB) pension schemes with Royal London in one integrated transaction worth £120m (€145m). Each of the pension schemes had its own unique features but the parties worked together to run the bulk purchase annuity (BPA) transactions efficiently, offering bespoke contractual terms ...
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NewsSchroders’ UK pension scheme commits to running on
Scheme plans on harnessing DB surplus for DC contributions
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Country ReportIreland gears up to future-proof pensions
Getting the country’s new auto-enrolment system up and running is a major priority to meet the needs of an expanding workforce
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NewsPPF lowers levy to £45m as it expects more flexibility from government
DWP says it will consider giving PPF more flexibility to reduce its levy, supporting DB schemes and their sponsoring employers to drive growth
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NewsUK government proposes tapping into DB surplus for economic growth
UK government is determined to encourage DB pension funds to deliver investment and drive economic growth
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NewsSanofi Pension Scheme signs £1.4bn buy-in with Legal & General
All members of the scheme are now insured via buy-ins with Legal & General
