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...
DB
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...
First Actuarial appoints head of business development
First Actuarial has appointed Sam Mullock to the new role of head of business development and marketing. Mullock who is already a partner with First Actuarial, will be responsible for finding ways...
Gail Izat: 3 tips to support women’s financial wellbeing and help close the gender pension gap
The high cost of living continues to bite Britain’s pension savers. But for women especially, it appears to be having an even bigger impact on their financial futures. This is one...
DB pensions fail to keep pace with inflation: Broadstone
The vast majority of DB pension schemes will be offering below-inflation increases to their members according to pension consultancy Broadstone. Its analysis of data from the Pension Protection Fund’s (PPF) Purple Book...
DB trustees looking to fixed income options
Higher interest rates and better funding levels are prompting more DB trustees to look at fixed income end-game options, according to the Pensions Management Institute’s latest research. Its survey, conduced with Schroders...
Hymans Robertson appoints new head of corporate consulting
Hymans Robertson has appointed Leonard Bowman to the newly-created role of head of corporate consulting. As part of this role Bowman will ensure Hymans Robertson’s has a co-ordianted strategy when it comes...
DB transfer activity increases despite fall in average values
DB pension transfer values fell in January, reversing the trend seen in the previous two months. Accordion got XPS’s Transfer Value Index, the primary driver for this decrease has been a fall...
Three schemes consolidate into TPT’s DB Master Trust
Three schemes with 350,000 members will consolidate into the TPT Retirement Solutions DB Complete master trust. TPT confirmed that the transition process is now underway. The schemes cover members working in three...
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