FTSE350 pension surpluses rise by £17bn in January
The aggregate surplus of FTSE350 pension funds rose by £17bn in January as a result of increases to bond yields, Mercer analysis has found.
Source: professionalpensions.com
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Final DB scheme funding regulations confirmed by the DWP
Regulations which set out the requirements for defined benefit (DB) pension schemes when determining their funding and investment have been published today (29 January) by the Department for Work and Pensions (DWP).
Paul Maynard Occupational Pension Schemes Investment Strategy Pensions Regulator Db Pensions The Pensions Regulator
Source: professionaladviser.com
New era for workplace pension governance as TPR overhauls practices
Ten of The Pensions Regulator’s (TPR) codes of practice have this week been consolidated into a single code in a long-anticipated move that is set to radically overhaul the governance of workplace pension schemes.
Source: professionaladviser.com
Gilt pressure sees DB transfer take-up levels hit 'all time low'
Average transfer take-up rates have hit an “all time low” while transfer values have hit their second lowest level since Q2 2015, analysis by Lane Clark & Peacock (LCP) finds.
Source: professionaladviser.com
DB pensions: Advice industry shares funding concerns
More than one third (35%) of industry professionals are concerned about the stability of the funding of defined benefit (DB) pensions, according to a recent PA Asks survey.
Source: professionaladviser.com
DB pensions industry 'working against' govt finance agenda
Defined benefit (DB) schemes are currently working against the government's productive finance agenda as increasing surpluses are leading many to actively de-risk portfolios, WTW says.
United Kingdom Pieter Steyn Lifetime Savings Association Rash Bhabra Pensions Regulator Pensions And Lifetime Savings Association
Source: professionaladviser.com
Partner insight: Explore Standard Life's £1bn full scheme buy-in of the WH Smith Pension Trust
Reflecting on their experiences from the £1bn full scheme buy-in of the WH Smith Pension Trust, Rhian Littlewood, Senior Business Development Manager at Standard...
Rhian Littlewood Wh Smith Pension Senior Business Development Pension Trust Senior Business Development Manager Standard Life
Source: professionalpensions.com
Majority of final salary schemes to be fully funded in three years
The majority of the UK's defined benefit (DB) schemes expect to be fully funded by 2027, according to XPS Pensions Group research.
Source: professionaladviser.com
Inquiry to review defined benefit schemes opened by WPC
The Work and Pensions Committee (WPC) has launched an inquiry to review defined benefit (DB) schemes.
Source: professionaladviser.com
Rising assets keep defined benefit funds in surplus during January
The UK’s 5,000-plus corporate defined benefit (DB) pension schemes showed a surplus of £305bn on a low-reliance basis at the end of January, PwC data shows.
Source: professionaladviser.com