Defined benefit – Page 32
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News
Pensions at UK subsidiaries ‘an extra burden for French firms’
Report finds British DB schemes account for third of French parent company liabilities
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NewsGovernment must ensure cultural change at UK regulator, say politicians
MPs set out stance on TPR and other regulators in report on collapse of Carillion
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News
BT agrees £13bn funding plan to plug pension scheme deficit
Telecoms group will pay £4.5bn in the enxt three years to improve the funding of the UK’s biggest single-employer scheme
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News
‘Clearer, quicker, tougher’: UK regulator sets out three-year plan
TPR will hire more staff to implement new powers granted by UK government
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News
Rolls-Royce to save £145m in pensions overhaul
DC plan contributions doubled and DB scheme to remain open until 2024 after union agreement
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News
Sainsbury’s-Asda deal to come under regulatory scrutiny
The Pensions Regulator steps in after intervention from parliamentary committee
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News
Walmart to fund Asda scheme as part of UK supermarket merger deal
Sainsbury’s and Asda in talks to merge, potentially creating the UK’s largest supermarket group
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News
RBS agrees ‘final deficit contributions’ for £45bn scheme
UK bank agrees to match shareholder payouts with pension fund contributions
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Country ReportUK roundup: Agreement struck on USS valuations; UK approaching peak LDI
Plus: UK approaching ‘peak LDI’; Xafinity Punter Southall calls for legal separation of consultants and fiduciary managers
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NewsParliamentary committee launches ‘inquiry’ into DB reform plans
Work and Pensions Committee wants to influence government consultation on DB white paper proposals
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NewsUK’s biggest union fights DB closures at water and car companies
Anglian Water, United Utilities, Bentley all considering changes to pension arrangements
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News
UK roundup: BA scheme closure to save company £80m a year
Plus: Recruitment firm charged by regulator; new British Steel scheme opens for business
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NewsNetherlands roundup: Insurer to pull out of DB contracts with employers
Also: Parliament criticises proposals for merging schemes; no new rules for domestic investments
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News
University staff to vote on future of USS next week
Latest proposal marks the second attempt to break negotiation deadlock and end industrial action
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AnalysisAnalysis: UK regulator decides against relaxing DB transfer rules
Financial advisers told to “start from the assumption” that exiting a defined benefit pension fund is unsuitable
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News
UK roundup: BT to replace £49bn DB scheme with hybrid plan
Plus: GKN-Melrose latest; expert panel to scrutinise USS valuation; Brunel gets FCA green light
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News
Unions reject proposal for UK universities scheme
UK arbitration body had facilitated an agreement but union branches turned out in force to reject it
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News
UK pension liabilities grew by £1trn in five years
Unfunded state pension liabilities accounted for more than half of £7.6trn total, reports ONS
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News
Royal Mail, industry experts set out case for UK CDC
Committee of politicians hears that minimal changes to existing laws are required
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NewsUK funding deficit halved in January despite equity downturn
PPF data shows combined DB deficit fell from £104bn to £51bn during January
