Defined benefit – Page 9
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News
UK regulator committed to supporting further innovation in DB market
TPR is due to publish its approach to profit release mechanism in superfunds and new DB alternative arrangements guidance this year.
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News
Regulator calls for UK DB schemes to reassess long-term objectives
TPR’s Louise Davey says ‘trustees should look to redirect some of their funding level improvements towards a funding and investment strategy that is aligned with their plans’
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News
PIC launches streamlined solution for small pension schemes
The service will be available to schemes with assets of less than £100m looking to complete a buyout
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News
PLSA calls for superfund regime before establishing public sector consolidator
Association says more time is needed to determine whether public sector consolidator is needed
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News
PPF-run pensions consolidator could unlock £10bn in UK investment
The lifeboat scheme estimates that pension funds with assets totalling £130bn could be interested in a transfer
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News
FTSE350 DB schemes do not invest in line with Mansion House agenda
Mercer analysis of FTSE350 pension funds shows an aggregate surplus of £66bn at the end of March 2024
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News
TPR’s Statement of Strategy will be challenging and costly for UK schemes
Completing the template as proposed will create a lot of extra work and could add 20% to scheme valuation costs
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News
Industry provides further backing for PPF endgame role
The consultation on DB surplus extraction and the public sector consolidator operated by PPF closes on 19 April
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News
Lucite International Pension Fund in £130m buy-in with Just Group
The transaction secures the benefits of 438 uninsured members, including 156 pensioners and dependants and 282 deferred members
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News
Aviva launches streamlined bulk purchase annuity service for smaller schemes
The service supports market access for schemes with assets below £100m
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News
Full self-serve online retirement service provided for UK DB plan
Provider to BT Pension Scheme says service will free up valuable administrator time
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News
De Beers Pension Scheme completes £850m full buy-in deal with PIC
The transaction secures the pensions of 1,464 pensioner members and 473 deferred members of the scheme
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Special Report
Manager selection: Solving the pension liquidity puzzle
Advisers and fiduciary managers are working as hard as ever to meet the liquidity needs of pension funds
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Opinion Pieces
Could Dutch pension reforms still be reversed?
1 January 2025: that’s the day the first Dutch pension funds will move to a defined contribution (DC) system according to the new Pension Act. So the clock is ticking for politicians who still hope to reverse the pension changes, or give members a say on the mandatory conversion of defined benefit (DB) accruals to DC capital, the most controversial part of the pension reform.
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Country Report
Dutch pension reform opponents running out of time
Political parties struggle to reach agreement on what an alternative pensions system could look like
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Country Report
PFZW moves beyond oil and gas divestment
In a podcast recorded for IPE’s Dutch sister publication Pensioen Pro, Ravien Sewtahal of PFZW and Colin Tissen of the pension fund’s asset manager PGGM reflect on the Dutch healthcare scheme’s engagement programme with fossil fuel firms and PFZW’s next steps in climate engagement
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Country Report
Netherlands Country Report 2024: The pension transition dilemma
Dutch pension funds must tread a fine line between protecting funding levels and ensuring sufficient returns as they move to defined contribution
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News
UK pensions committee calls for fresh approach to funding regulations
Industry welcomes recommendations that will help open DB schemes thrive
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News
Next Group completes £510m buy-in deal with Pension Insurance Corporation
Pension liabilities for over 3,600 pensioners and deferred policyholders of the Next Pension Plan have now been fully insured
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News
AA scheme appoints Van Lanschot Kempen as fiduciary manager
The mandate contributes £800m to Van Laschot Kempen’s total client assets under management