Half of DB schemes look to move to sole trustee model
Half of DB pensions schemes expect to move to the corporate sole trustee model by 2028, according to research amongst finance directors and CFOs of schemes by Hymans Robertson. More than a...
DB
Barnett Waddingham’s reports strong growth for streamlined consulting service
Barnett Waddingham has seen strong growth in their investment governance solution for DB schemes, which aims to help trustees and sponsors develop cost effective end game options. In the two years...
Fifth of over-50s rely on DB benefits, but numbers rapidly declining: Standard Life
One in five over 50s are still relying on defined benefit pensions, but numbers are expected to decline significantly in the coming years. New figures on this shifting retirement income landscape were...
DB surpluses stand at £59bn as Govt moves to unlock funds
The surplus on FTSE 350 pension funds stood at an aggregate of £59bn at the end of February according to Mercer’s latest analysis. Mercer says these surplus levels have now persisted for almost...
Barnett Waddingham appoints senior risk transfer actuary
Barnett Waddingham is expanding its bulk annuities team with the appointment of Nikhil Patel as senior risk transfer actuary. Patel is an experienced risk transfer specialist, and joins from Mercer where he...
DB superfund rescues Debenhams scheme from PPF
Superfund Clara-Pensions will take over the £600m Debenhams Pension Scheme, ensuring that 10,400 employees of the former department store will get their pensions paid in full. This is the second pension scheme...
Regulators and trustees must ‘adapt’ to face market challenges: TPR CEO
The Pensions Regulator is undergoing a period of transformation to ensure it remains “fit for the future” according to its chief executive Nausicaa Delfas. In a keynote address at the JP Morgan...
DB surpluses rise nearly 4pc to £442.3bn
The aggregate surplus of the 5,050 schemes in the PPF 7800 Index rose to £442.3bn in February 2024 from £425.4bn in January 2024. This marks an improvement from the £381.4bn surplus recorded...
Sarah Abraham: Is there a solution for those who transferred out of the British Steel Pension Scheme?
The plight of former members of the British Steel Pension Scheme (BSPS) who were advised to give up their defined benefit (DB) pensions in favour of individual defined contribution (DC) pots is...
TPR consults on new ‘strategy statements’ for DB schemes
DB trustees will have to submit an annual ‘statement of strategy’ alongside actuarial valuations under new proposals announced by The Pensions Regulator. This should set out long-term funding and investment strategy for...
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