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Archive | Pensions

Latest comment and news on current trends and articles relating to final salary schemes (other wise known as defined benefit schemes) with a focus on what is most relevant to expats in China

Transfer values hit all-time high in August

DB transfer values rose to record highs in August 2019, while the number of members requesting a transfer value continues to increase, according to XPS Transfer Watch. XPS Pensions Group’s ‘Transfer Value Index’ jumped sharply to an all-time high of £258,200 on 21 August 2019; up from £247,400 at the end of July 2019. The […]

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British Airways Final Salary Pension Closed

UK airline British Airways closes its Final Salary Scheme due to a long over due admittance that is un-affordable. British Airways has announced plans to close the larger of its two final salary pension schemes, saying the change would help fund investment. On the 7th September 2017 the airline unveiled plans to address the “significant […]

Final Salary Scheme Update

Findings from Hyman Robertson research regarding Trustees

Final Salary Pension Scheme Update Hymans Robertson one of the largest institutions or so called Administrators who provide and manage these schemes for many large companies have recently published some findings from research Their research results raised some areas that should be higher on trustee’s agendas: Managing cashflows: whilst 57% of FTSE350 DB (defined benefit) […]

Transfer Values Up Slightly

Transfer-values-climb-slightly

Transfer values climb slightly from lows in late December   A fortnight ago The Pensions Regulator said around 80,000 transfers out of DB pension schemes were made in the last year. It stated: “For the period of 1 April 2016 to 31 March 2017 defined benefit pension schemes have, in total, reported 67,700 transfers out […]

Defined Benefit ‘DB’ Pension Schemes

Please click on the PDF article below  – for a very interesting article published by The Financial Times 25th January 2017 It mentions what is going on in the UK right now and how sentiment is rapidly changing. Somewhat amusingly it also features a comment by Baroness Altmann – the former UK pensions minister as […]