All funding level articles
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NewsLGPS funding level increases to 106% ahead of next actuarial valuation
LGPS funding level improved from 67% at 31 March 2022 to 106% as at 31 March 2024
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NewsRegulator 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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NewsUK pensions committee calls for fresh approach to funding regulations
Industry welcomes recommendations that will help open DB schemes thrive
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NewsUK debt crisis could see DB scheme funding levels fall by 7%
Deficits for well-funded schemes could increase by £4m per £100m of liabilities
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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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NewsLGPS fully funded position to stay despite a drop
Funding levels fell to 101% as at 31 December 2023, from 108% as at 31 October 2023
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NewsIrish DB schemes’ average funding level above 100%
This marks the first time in 15 years of the LCP’s accounting survey that the average funding level has been above 100%
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NewsIncreased funding levels raises ‘novel issues’ for funds, SAB says
Funding levels increased from 98% in 2019 to 107% in 2022
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NewsValue of UK defined benefit schemes falls by £626bn in 2023
ONS data indicates that the total value of DB pension schemes decreased from over £2trn at the start of 2022 to less than £1.4trn by the end of March
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AnalysisAnalysis: Can UK plan sponsors benefit from Mansion House reforms’ surpluses?
Consultants share mixed views on whether pension fund sponsors could benefit from surpluses
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AnalysisAnalysis: DB Funding Code reforms
The relevance of the Code has been called into question given the improved funding position of UK DB schemes
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NewsIFoA highlights benefits of capital backed funding arrangements
CBFAs can ‘offer distinct benefits when compared with DIY approaches, superfunds, DB master trusts and conventional insurance risk transfer policies’
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NewsSiemens’ pension reserves fall to historic low following energy stake transfer
Transfer of a 6.8% stake in Siemens Energy to its pension trust vehicle largely contributed to the drop
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NewsMercer urges trustees not to ignore incoming DB funding code
Funding level increased from 108% to 109% and has not dipped below 105% since the start of 2023
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NewsPensions regulator calls on DB trustees to brush up on employers’ financial positions
A high level of debt among businesses can risk their ability to support DB pension schemes
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NewsBond portfolio correction knocks down Swiss BVK’s returns
BVK returned -11.2% at the end of 2022
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News
PPF DB index funding level reaches highest level since June 2007
Increasing bond yields driving up scheme funding levels
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NewsSwiss corporate schemes record average return of 10%, says WTW
The ratio between pension assets to pension liabilities went up quarter-on-quarter to 118.0% as of December 2021 from 117.0% as of September 2021
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UK DB schemes’ surplus should lead to more efficient investing, says PwC
Pension scheme investment in Gilts has more than doubled, from 23% to 50% of their assets, the firm found
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Dutch pension funds undisturbed by rising inflation
Some pension funds have shown increased interest in inflation-linked bonds to hedge against inflation risk
