Defined benefit – Page 4
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NewsIGG launches centre of excellence to help schemes navigate endgame solutions
TPR analysis shows 3,750 of 5,000 DB schemes as being in surplus on a low dependency basis, with a further 950 approaching the same level of funding
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NewsFiduciary managers evolve capabilities to meet changing needs of UK DB schemes
While more large schemes are now adopting fiduciary management, the market remains dominated by smaller schemes, says IC Select survey
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NewsCoats Group scheme completes £1.3bn buy-in deal with PIC
The deal covers 18,042 scheme members, as the plan sponsor makes upfront cash contribution of £70m to the scheme and a further £30m loan
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NewsNational Grid Pension Scheme outsources executive services to LCP
The appointment comes after the scheme’s CEO Chris Hogg announced he was stepping down this summer
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Special ReportFinland: Government threatens indecisive social partners
The tripartite working group tasked with reforming the country’s pension system has not yet reached consensus on reforms
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Special ReportUK: Labour government seeks continuity with focus on boosting domestic investment
The Department for Work and Pensions will have its work cut out as the new Labour government starts a comprehensive pensions review
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NewsOver half of FTSE350 DB pension schemes to be fully funded on buyout basis in the next three years
Around 35% of the schemes are estimated to be fully funded on buyout basis at 31 May 2024, representing £175bn in liability values
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NewsATP’s first-half return held back by gearing cost, bond yields
Describes return as “expected and generally acceptable in view of market developments”
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NewsATP defends risk-parity strategy via analysis of five investment models
Denmark’s huge statutory pension fund says other standard pension strategies may suit other products - but not ATP’s dual-aim guaranteed product
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NewsSwedish municipal pensions debt surged amid inflation shock
Municipalities and regions in Sweden recorded a SEK42bn rise in their total pension debt last year, according to latest report from pension provider
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AnalysisMore de-risking transactions below £200m are expected, consultants say
Despite transactions above £1bn dominating the market in 2023
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NewsDutch pension funds increase interest rate hedge above 70%
In the run-up to the transition to a defined contribution system, pension funds in the country want to protect their funding ratios
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NewsMineworkers’ Pension Scheme appoints Brightwell as administrator
Brightwell will start providing administration services from January 2025
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NewsSCA UK Pension Plan completes £1.1bn buy-in with Legal & General
The deal secures the benefits of 5,900 retirees and 3,600 deferred members
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NewsThe Pensions Regulator’s funding code is laid in parliament
The industry is still awaiting the publication of final statement of strategy and employer covenant assessment
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NewsUK regulator clarifies capital release expectations for superfunds
The market is expected to operate on the updated guidance ‘for some time’ before legislation passes
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AnalysisIPE Netherlands Briefing: Dutch insurers eye more buyouts
Plus: PMT’s ESG exclusion framework and PGGM’s DEI pledge
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NewsUniversities Superannuation Scheme reports £9.2bn DB surplus
The value of the DB fund increased by £1.7bn over the year to 31 March 2024
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NewsUK government announces ‘landmark’ pensions review
Chancellor of the exchequer, Rachel Reeves, says the review is set to boost investment, increase pension pots and tackle waste in the UK pensions system
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News‘Business as usual’ for UK pensions schemes following King’s speech
Labour government introduces Pensions Scheme Bill
