Defined benefit – Page 4
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NewsSwiss scheme ups retirement age in new pension plan
The retirement age goes up from 63 years old in the current plan, to 65 years old in the new plan
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NewsMerseyside Pension Fund picks Schroders for £3.8bn equity protection strategy
The strategy enables the scheme to maintain its equity exposures in order to meet its long-term performance objectives, while effectively managing downside risk
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NewsDB schemes note increase in running costs in past year
37% of DB trustees reported a 50% increase in their running costs, according to TPT Retirement Solutions
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NewsMore than half of professional trustee appointments are now sole trustees
LCP saw a 30% increase in the number of sole trustee appointments over the last year
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NewsTPR amends Statement of Strategy following consultation feedback
Trustees will need to consider at an early stage the full list of data that they will need to submit, says LCP
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NewsTPT Investment Management launches £650m private credit fund
This is the third in the series of seven planned fund launches
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NewsMerseyside Pension Fund in £200m buy-in with Aviva
The transaction secures the benefits of 2,500 scheme members
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NewsPPF launches consultation as it plans to keep levy at £100m
UK’s lifeboat scheme continues to engage with government on possibility of lowering levy further
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NewsCurrent policy initiatives could be detrimental to UK’s productive finance agenda
Any attempt to force providers to invest more heavily in certain asset classes is a direct challenge to trustees’ fiduciary duty, says Pensions Policy Institute
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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
