ETV
Defined Benefit
The industry has welcomed the code of conduct on enhanced transfer value exercises and pension increase exchanges, but questions remain over how it will impact take-up of offers.
11 June 2012
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Defined Benefit
Cash incentives should be offered under "no circumstances" in enhanced transfer value exercises, an industry code of conduct warns.
08 June 2012
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Risk Management
Dairy Crest has reduced its pension scheme's liabilities by £14.6m through an enhanced transfer value exercise.
25 May 2012
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Defined Benefit
JLT Wealth Management has confirmed it is suspending defined benefit transfer exercises after the Financial Services Authority issued new guidance on how transfer values are to be calculated.
15 May 2012
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Risk Management
A code of practice on enhanced transfer value exercises due to be launched this summer will protect companies if employees complain to the Ombudsman following an exercise, says one of its authors.
16 April 2012
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Industry
Fraser Sparks, partner at Stephenson Harwood, argues that the government must clear up the confusion created by its muddled policy towards enhanced transfer value exercises.
15 March 2012
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Defined Benefit
Balfour Beatty has slashed its pension deficit from £354m to £188m over the last year through a mixture of employer contributions, de-risking and changing actuarial assumptions.
08 March 2012
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Defined Benefit
Communisis has set up an asset-backed contribution arrangement with its pension scheme after a raft of measures to cut its deficit were cancelled out by market movements.
02 March 2012
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Defined Benefit
GKN has seen its pension deficit more than double over the past 12 months, as a falling discount rate cancelled out gains from a funding partnership and enhanced transfer value exercise.
28 February 2012
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