All defined benefit funding articles
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NewsUK financier pulls plug on commercial pension consolidator
Edi Truell blames decision about Pension SuperFund on regulatory environment
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NewsPensions industry calls on regulators to ‘materialise’ revised funding code
The code has introduced elements of flexibility, but uncertainty needs to be avoided
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Country ReportUK: Beware the unintended consequences of the DB funding code
Laura McLaren highlights the unintended consequences of TPR’s proposed code, and what can be done to mitigate the risks
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Special ReportUK pension risk transfer market set for bumper 2023
Improved pricing and funding levels turned 2022 into a busy year for insurers, with more demand expected in 2023. But can they cope with the higher demand and will pricing remain competitive?
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UK regulator’s new DB funding code sparks industry concern
TPR launched its new code today, but experts point to discrepancies with DWP regulations
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USS to take closer look at improved funding position given market flux
Scheme to hold “Accelerated Year-End Review” to get more considered insight into the scheme’s funding position as at 31 March 2022
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NewsFTSE 350 pension surplus almost doubles after 2021 deficit exit
DB sponsors report surpluses as schemes emerge from the red in 2021
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NewsSecond UK DB funding code consultation delayed until late summer
Delay due to timing of government regulations
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USS says legal challenge sought by academics without merit
Lecturers’ union has separately said it considers USS may have breached its own scheme rules during the valuation process
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NewsFCA finalises rules for Long-Term Asset Fund regime
Regulator defines success as products being launched and DC schemes investing in them
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Russell Group flags support of UUK options as USS sees ‘grounds for cautious optimism’
Influential subset of UUK employers states areas of agreeement with UUK options for addressing contested 2020 USS valuation
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Country ReportDB funding – a mixed recovery story
Last year brought both operational and financial challenges for defined benefit schemes but some have come out looking better for it
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UUK floats ‘difficult’ USS covenant requests, new DB/DC balance
Staff union accuses employer body of proposing ‘unnecessary and damaging cuts’
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Three in four UK DB schemes could turn to contingent funding
Consultancy LCP says several factors will account for big rise in popularity
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Covenant centrestage as USS outlines higher contribution rates
Contributions could go from upcoming 34.7% to 49.6% unless employers make further commitments, says USS
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NewsUK pensions legislation clears parliament after funding rule assurances
DB funding regime will remain ‘genuinely’ scheme-specific, says junior minister Stedman-Scott
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UK roundup: FTSE 350 pension deficit finishes 2020 at £70bn
Mercer chief actuary emphasises de-risking importance
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NewsSofter tone on open DB plans seen in TPR ‘myth-busting’ comments
Policy director David Fairs sets out regulator’s intentions, thinking about open schemes, next steps for DB funding code in blog post
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NewsNearly two-thirds of listed DB sponsors have warned on profits this year
UK-listed DB sponsors are concentrated in industrial and consumer discretionary FTSE sectors
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Aon: latest valuations show 67% UK schemes use long-term funding target
The LTO principle is key to the revised TPR code of practice
