Defined benefit – Page 15
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NewsUK pensions industry calls for delay of DB Funding Code implementation
Critics of the proposed regulations argued that the new legal framework would be overly rigid
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NewsUK Budget: pensions annual allowance increased, LTA abolished
These changes to pension allowances won’t impact the vast majority of hard working savers, industry says
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NewsUK roundup: FTSE 350 pension scheme funding shows noticeable surplus increase
Plus: Trustees warned of insurance firms’ TCFD reports for risk transfer selection; Pension funds hold key to unlocking nature and wildlife potential
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NewsUK roundup: GKN Group completes £513m pensions buy-in deal with Just Group
Plus: PMI hires Scottish Widows as master trust insight partner
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NewsRSA Group completes £6.5bn buy-in deal with Pension Insurance Corporation
This makes it the largest ever bulk annuity transaction from pension schemes to insure
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NewsTPR’s new funding code causes cost concerns for DB schemes
Nearly half of trustees and sponsors (42%) are concerned about the additional governance challenges, and in turn associated costs, that the code will bring
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NewsDutch pension federation slams over-inquisitive regulator over pension transition policy
DNB also gives itself excessive discretionary power to block the transition of pension funds to the new DC system, according to Pensioenfederatie
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NewsThe Pensions Regulator launches ESG, climate campaign
TPR is warning trustees that enforcement action may be taken against them if they fail to publish their statement of investment principles
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NewsSweden’s big two occupational pension providers lose 9.8% and 8.6% on assets
AMF says large exposure to Swedish companies pulled investment returns down; Alecta sees rising rates shrink large DB liabilities
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NewsArcadia Group in £850m buy-in deal with Aviva
Further work is being carried out to determine the future level of pension increases for members of the senior executives scheme
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NewsUK roundup: British American Tobacco scheme completes £250m buy-in deal
Plus: NEST ends admin contract with Atos
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Country ReportIreland: Viewpoint – Trustees, understand the employer covenant
Pensions may lose out if boards do not have a full grasp of the risks facing schemes
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Country ReportIreland: Interview – Pensions Authority keeps an eye on LDI practices
Pensions Authority CEO Brendan Kennedy is not overly concerned about DB schemes’ LDI position, but feels the regulator needs more information. He speaks to Gail Moss about this and other issues facing the Irish industry
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Opinion PiecesFull steam ahead for UK de-risking market
This year is set to be the largest yet for the UK defined benefit (DB) pensions de-risking market, with at least £40bn (€45.8bn) in bulk annuity transactions and £20bn in longevity hedges expected to be completed, according to WTW’s latest de-risking report.
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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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NewsDWP pushes for further reach into CDC schemes with consultation
CDC framework could be adapted to allow more employers of all sizes to offer CDC schemes, says pensions minister
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NewsBritish employers could face £34bn bill following new pension rules, says LCP
Employers could find themselves receiving demands from schemes for large sums, collectively running into tens of billions of pounds
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NewsBulk annuity, longevity hedging deals set to reach £60bn, says WTW
Improved funding positions following a significant increase in Gilt yields, along with some of the cheapest pricing seen in over a decade
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NewsBritish Steel Pension Scheme completes £2bn buy-in with Legal & General
Plus: Amey pension fund in £400m buy-in deal with PIC
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NewsDutch pension law heads to Senate after parliamentary approval
The Netherlands’s Second Chamber approved the law just before Christmas with a comfortable majority
