Defined benefit – Page 23
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News
UK roundup: Evri couriers pick Smart Pension
Plus: Profit warnings from companies with a DB scheme increased 70%; TPT master trust to make £75m impact investment
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News
USS emphasises value for money after ‘unwelcome’ benefit changes
UK universities pension scheme says analysis shows it is almost a quarter cheaper than peers
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NewsHigh inflation impacts timing of retirement decisions
As a result of falling long-term inflation expectations, UK DB long-term liabilities over the last three months have reduced by around £140bn
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NewsUK roundup: EDS scheme completes £1.1bn buy-in with PIC
Plus: PPF achieves strategic priorities
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News
British Steel picks LGIM for DB scheme, in-house team to transfer
LGIM and Legal & General Retail Investments already manage and insure just under 40% of the scheme’s assets
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News
UK roundup: Private sector companies still provide DB pensions
Plus: Investor group calls on UK CEOs for action on mental health; Workplace pension members plan contribution reduction to cope with living cost
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NewsUK pension funds hit record £250bn surplus, research from PwC reveals
The increase was mainly driven by the continuing rise in long-term bond yields
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NewsUBS UK scheme extends longevity hedge by £500m
The longevity swap was adapted to cover the scheme’s DB deferred members over age 60 – a market first
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NewsUK roundup: Clear member options could reduce buyout DB costs by £100bn
Plus: Redington launches independent testing service for trustees
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FeaturesUK DB schemes in a risk transfer sweet spot
Pension funds are in a good position for buyouts, but is there enough capacity in the market and will DB superfunds provide a genuine alternative?
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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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News
UK roundup: Queen’s Speech fails to mention new Pensions Bill, autoenrolment plans
Plus: DB schemes see improved health; Buck launches DB governance tool
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Opinion PiecesViewpoint: Modelling a longevity shock – A £1bn scheme would need to find £120m
By Howard Kearns, longevity pricing director at Insight Investment
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Country ReportUK: The long and winding road to consolidation
Brexit, COVID and other factors delay regulation that would enable commercial DB scheme consolidators to operate
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NewsTPR calls on trustees to reduce covenant reliance
UK pensions regulator points to the importance of assessing how current market events are shaping the employer covenant
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NewsUK roundup: Fidelity, Tumelo launch stewardship hub
Plus: Act quickly to lock in funding gains, says Hymans Robertson; LGIM reports on latest DC savers’ preferences
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FeaturesDefining the precise scale advantages for DB pension funds
Most people working in the institutional asset management space have an intuitive understanding that the size of the institution, measured by total assets under management (AUM), has an impact on performance – that bigger funds tend to perform slightly better. On the other hand, there are plenty of stories of successful hedge funds that got too large and lost their way, unable to continue delivering on past success due to their size. So which is it? Do larger institutional investors outperform their smaller kin, or is AUM the proverbial millstone in terms of performance?
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Newsabrdn launching DB mastertrust through tie-up with XPS
DB pension scheme for unconnected employers scheduled to launch in Q2
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News
UK roundup: London councils switch pension investments to renewable energy
Plus: DB schemes maintain surplus amid market volatility
