Defined benefit – Page 10
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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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NewsUK defined benefit scheme sponsors expected to increase professional trustees' use
The new General Code is expected to bring on more challenges on in-house trustees
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Podcast#3 Leaders in Investment Podcast: Conversation with Mads Gosvig and John Greaves, Railpen
IPE editorial director Liam Kennedy interviews two of Railpen’s senior directors: Mads Gosvig, chief officer, fiduciary and investment management and John Greaves, director of fiduciary management.
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NewsWhat does Thames Water’s valuation dip mean for UK pension funds?
Earlier this month USS cut the value of its investment in Thames Water from £956m to £364.4m
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NewsTPR publishes private markets guidance for trustees
TPR says trustees who do not have skills or resource to explore diversified portfolios should consider changing governance model or consolidating
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NewsUnisys pension schemes complete buy-in with Standard life
£300m bulk annuity purchase will secure the benefits of 2,400 members
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NewsScottish scheme looks to reduce contributions rate from 2024
The funding level at Scottish Borders pension fund increased from 110% to 134%
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NewsTime for different rules for legacy DB pensions, says Norway funds lobby
Drevsjø: ‘Is the goal to protect the paid-up policy or the shareholder in the life insurance company?’
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NewsPension funds can continue DC transition, says Dutch parliament
MP Agnes Joseph, however, submitted a motion calling on pensions minister Carola Schouten to explore alternatives to the mandatory conversion of DB accruals to personal pension capitals
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NewsGuilbert UK Retirement Benefits Plan completes bulk annuity transaction
The transaction sees Aviva insure the benefits of around 1,500 scheme members
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NewsReferendum on Dutch pension transition ‘logical’, says architects fund
This week, political party NSC is likely to propose a referendum about the transition of DB accruals to DC
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NewsDutch fiduciary transfers dry up in 2023
The reason for this is believed to be the upcoming transition from a DB system to DC arrangements
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NewsNumber of trustees planning to step down decreases, survey shows
Charles Stanley survey shows number of trustees planning to step down within three years decreased to 73% from 80% the previous year
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NewsUK pensions groups call for pension fund clearing exemption to be retained
The UK’s HM Treasury consultation on pension funds’ exemption from the clearing obligation closed on 5 January
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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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NewsKeva positive on idea of investigating stabilisation mechanism
”Our defined benefit system has not been very ‘defined’ in the longer term,” says head of Keva’s EU pensions team
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NewsPLSA to further develop recommendations aimed at driving UK growth
The association’s top strategic policy priority for 2024 will be to establish what role pension funds can play in supporting UK growth
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NewsTwo new players predicted to enter UK buy-in market in 2024
LCP is currently in discussions with six potential providers weighing up their options for entering the market
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Opinion PiecesIBM revives defined benefit pensions in the US
This January 2024 marks an important turning point in the US retirement industry. Technology giant IBM, which has always been seen as a bellwether of American business practices, is keeping its 401(k) plan, but will stop matching contributions of up to 6%.
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NewsDutch pensions minister warns against consequences of referendums
New political party NSC, which is currently in negotiations to form a government, wants all pension funds to organise a referendum on the transition from DB to DC
