Defined benefit – Page 25
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NewsUK roundup: LCP, Royal London call for more support in DB transfer advice
Plus: Strathclyde scheme tenders custodian contract; UK confirms pension freedom age rise
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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
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Koolmees: ‘Balanced transition’ most difficult challenge of new pensions contract
If pension schemes’ funding ratios are still below 100% at the moment of transition, they will have no choice but to cut pension rights
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Opinion PiecesA long sunset on a fragile model
The ECB’s move in September 2019 to lower rates and restart corporate bond purchases was a clear red warning signal to defined benefit pension funds and other liability-driven investors.
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NewsSurvey: FTSE 350 discount rates narrow
‘Market volatility in the first half of 2020 led to falls in discount rates’
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UK roundup: Pension investors join internships for black youths initiative
Plus: One more for DB consolidation; Warnings about re-opened property fund pension treatment uncertainty
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Opinion PiecesViewpoint: UK superfunds – Super fast, or dead in the water?
Will the superfund ship lawfully leave port any time soon? Following the UK pension regulator’s publication of its interim regime for superfunds in June 2020, there is much talk about scheme transfers to superfund being imminent. Clive Weber, pensions partner, and Paul Ashcroft, solicitor, Wedlake Bell LLP, explain why the ...
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Mercer survey reveals FTSE 350 DB accounting deficits skyrocket by £13bn
Total DB liabilities reached £970bn at the end of July
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TPR: Difficult COVID-19 decisions may call for ‘conflict management advice’
CEO of UK pensions regulator sets out how DB trustees can hold ‘first line of defence’ for members
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NewsAon: FTSE 350 DB scheme funding gap widens
The top 10% of DB schemes were funded to at least 115% last year, while the bottom 10% were less than 80% funded
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NewsAsset management roundup: LGIM launches secure income range for DB plans
Plus: Franklin Templeton-Legg Mason deal done; AXA IM sees potential for hybrid AGMs
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Pension scheme of collapsed rural retailer agrees £100m bulk annuity
PPF+ deal includes flexibility for top-ups when further assets are recouped during insolvency proceedings
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PNO Media: Dutch pensions deal to increase interest in lifecycle product
‘A lifecycle product fits very well with contemporary pension trends’
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NewsDeaths in Sweden’s over-90s rose 43% in April/May, Alecta reports
Despite market turbulence in the first half, solvency ratio never dipped below 140%, says pension fund
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UK roundup: Rally planned to protest proposed Nissan DB closure
Plus: Publisher to resume deficit contributions, Prudential hails ‘vibrancy’ in UK bulk annuity market
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Peers vote for separate regulatory approach to open DB schemes
Amendment addresses risk of open plans being forced to de-risk prematurely
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UK roundup: Survey points to annual ‘tax drag’ of up to £250m
Plus: 120-member scheme secures all benefits with L&G buyout; Analytics platform boosted with GMP feature
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Pension SuperFund gets HMRC OK after switch on TPR request
Regulator asked emerging commercial DB consolidator to set up a new occupational pension scheme
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NewsWillis pension scheme strikes £1bn longevity hedge with Munich Re
Transaction is Willis Pension Scheme’s first step to ensure members’ benefits are secured against future improvements in life expectancy
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UK roundup: FCA consults on value for money metrics
FCA flags dashboard, open finance, TPR links in consultation on value for money in workplace personal pension schemes
