DB schemes “struggle to make decisions” amid market uncertainty
More than a third of DB pension schemes are not taking action to address potential funding level issues as a result of the Covid-19 crisis. A survey of scheme managers and trustees...
DB
David Fairs: Why it’s wrong to abandon the draft DB code
Over the last few weeks, calls have been made for us to rethink or abandon the first consultation on our draft DB funding code. The arguments are that it was written in...
One if five schemes to suspend pension deficit payments
One if five DB schemes may suspend pension deficit contributions, according to new research from Isio. Isio — formerly the pensions advisory arm of KPMG, which launched as an independent company in...
Trustee support for new TPR code wanes
Support is declining among pension schemes for The Pension Regulators new Code of Practice, according to research Aon. The professional services firm says that support has notably waned during the consultation period...
DB deficits widen by 5pc: LGIM
Pension deficits in DB schemes grew by 5.1 per cent in the first three months of 2020, as a result of market falls. This figure was calculated by the Legal & General...
Minority of DB schemes suspend deficit repayments and transfers
Only 5 to 10 per cent of sponsoring companies are expected to suspend or reduce deficit contributions into DB pension schemes, according to research from the Society of Pension Professionals. In a...
TPT appoints new head of employer relationships
TPT Retirement Solutions has appointed Helena Dumycz as its new head of employer relationships. Dumycz, a qualified actuary, has 18 years’ experience in the pensions sector and has worked in consulting and...
Trustees urged not to agree deferrals without proper consideration
Before trustees allow employers to delay making contributions into DB schemes, they need to consider how they would ‘switch on’ payment mechanisms again. This warning comes from LCP partner Steven Taylor. He...
New CEO for Premier
Premier, the pensions, employee benefits and wealth management business, has appointed Alastair Aird as its chief executive officer to lead the firm’s plans for strategic growth. Aird has transitioned since the start...
Mercer appoints former PwC risk transfer head
Mercer has appointed former PwC pension risk transfer specialist Ben Stone as partner in its own risk transfer team. In his new role, Stone will advise clients on bulk annuity, member option...
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