Defined benefit – Page 6
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NewsArqiva pension fund completes £204m buy-in with PIC
The transaction secures the benefits of 589 pensioners and dependents, and 215 deferred members
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NewsTelereal Pension Plan completes £130m buy-in with Aviva
The deal covers the defined benefit liabilities for around 500 members of the plan
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NewsICI Pension Fund completes £900m buy-in with Legal & General
The transaction secures the benefits of over 7,000 retirees
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NewsDB scheme employers urged to review surplus framework ahead of valuations
Areas to be reviewed include escrow arrangements, contribution mechanisms and funding of future service contributions
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NewsUK DB schemes concerned over increasing volume of regulatory pressures
Russell Investments research shows that DB schemes’ concerns over regulation have more than doubled since autumn/winter 2022
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NewsNew Dutch government coalition leaves pension law untouched
Although three of four parties in the new right-wing coalition are critical of the pension law, the four coalition partners made no plans to amend it
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NewsSAUL is first UK scheme to adopt pass-through voting across DC, DB plans
The move strengthens the £3bn University of London’s stewardship powers which is particularly focused on voting for resolutions at the Climate Action 100+ companies
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NewsProfessional trustee appointments increase marking fourth year of consecutive growth
However, support for member-nominated trustees (MNTs) continues and pension fund boards are encouragedto keep them
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NewsTPR focuses on driving consolidation in new corporate plan
‘Our focus is not just on the fundamentals of driving high levels of compliance, but also working together to enhance the system and support innovation in savers’ interests’
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NewsUK defined benefit schemes overspend £300m each year, report finds
Spence & Partners has calculated that removing inefficiencies could save an average 1,000-member scheme £105,000 per year in running costs
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Country ReportProgress report on the UK’s Mansion House capital market reforms
Details of potential changes to the UK’s pension landscape have been thin on the ground
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Country ReportMercer’s upbeat vision for UK pension funds and their investment advisers
James Lewis, UK CIO at Mercer, is optimistic about the future of the UK’s DB and DC industries
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Country ReportUK Country Report 2024: Is buyout still the gold standard for pension funds?
Improved funding positions mean more DB schemes are considering run-on rather than off-loading their liabilities
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NewsSmall DB schemes unlikely to run on beyond buyout funding level due to costs
Hymans Robertson finds that the cost of running a small DB scheme is four times the cost of running a large scheme
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NewsDutch funds risk €18bn bill if pension transition called off, says PwC
Dutch pension funds would have to shoulder the cost of running expensive legacy DB systems for decades to come, the accountant warns
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NewsUK 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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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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NewsPIC 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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NewsPLSA 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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NewsPPF-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
