Defined benefit – Page 7
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NewsExtra disclosure under TPR’s funding code could push up scheme costs
There is a risk that an ‘overly prescriptive’ approach pushes trustees into ‘costly tick-boxing’ exercise, according to Cardano
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NewsUK pensions regulator consults on statement of strategy for DB funding code
The consultation, which will run until 16 April, looks at what trustees will need to submit as part of planning and managing their DB schemes’ funding positions
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NewsPrivate market managers must be held to account for climate reporting
Availability of climate data from private markets remained patchy in 2023, research from Hymans Robertson shows
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Country ReportCommentary: Pension funding options for German employers
Pension schemes have a choice of ways in which they can exercise their funding obligations
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NewsMeeting schemes’ benefit structures is barrier to consolidation, pensions industry says
Consolidation is not off the table, according to the PPF, but consolidators need to get the design right
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NewsUK Funding Code to come into effect at the end of September
The regulator will consult on its statement of strategy ‘in the next few weeks’, says Louise Davey
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NewsAlecta writes off €1bn of its Heimstaden Bostad investment
CEO of troubled Swedish pensions giant says ‘fully aware it will take time and hard work to regain customers’ trust’
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NewsUK master trust appoints Van Lanschot Kempen as fiduciary manager
With the mandate, the Cheviot Trust’s quality approach to governance will be enhanced by better information and data in relation to sustainability
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NewsUK scheme trio consolidate into TPT Retirement Solutions master trust
The schemes joining TPT have combined assets of £220m and will transfer motre than 3,500 new members
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NewsHymans Robertson sets up digital tool to help schemes’ buyout journey
The app also uses dynamic annuity pricing to let schemes see how close they are to buy-out and what happens if things change
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NewsDutch hospitality industry fund ups interest rate hedge in run-up to DC switch
Pensioenfonds Horeca & Catering will be one of the first pension funds to switch to a DC arrangement on 1 January 2025
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NewsUK pensions industry welcomes DWP plans for DB surplus extraction
DWP consults on plans to make DB surplus extraction easier and set up a public sector consolidator operated by PPF
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NewsPublica sees increasing trend towards lump sum pension withdrawals
Pension funds increase contributions to compensate for falling conversion rates to calculate payouts, says director
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NewsUK pensions regulator to strengthen its authoritative grip
From April, TPR will create three new regulatory functions that protect, enhance and innovate in savers’ interests
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NewsNumber of UK defined benefit schemes continues to shrink
The number of UK DB schemes reduced by 2% from 5,378 to 5,297 in 2023
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NewsVector Pension Scheme completes buy-in with Standard Life
The transaction secures the benefits of approximately 1,800 members
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NewsCurrency hedging can be big liquidity drain for UK schemes, says Railpen
‘Currency hedging can be a big risk to a portfolio’ says John Greaves
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NewsTesco Pension Scheme to outsource investment management to Schroders
The transfer of its investment portfolio management to Schroders will be completed before the end of 2024
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NewsEIOPA’s IORP Risk Dashboard shows market and asset return risks as main concern
Liquidity risks are at a medium level but show an increasing trend compared to the previous quarter, driven by developments in derivative positions
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NewsIndustry sees continuity in Labour Party pension plans
Some ‘slightly interventionist’ changes include strengthening TPR powers in relation to DC consolidation
