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Tag Archives: Surplus
I’m glad a CDC scheme can’t have a surplus or a deficit.
For as long as I’ve been a pension consultant the discussions have focussed on the funding of defined benefit schemes. Over the past 40 years we’ve swung from surplus to deficit to surplus (where we are now). Each time we … Continue reading
Mallowstreet argue that DC members “might have a claim to DB surplus”.
This reinforces what I have been saying, though I’m not sure that trustees are legally obliged to do anything. The word “must” is maybe a little strong for trustees, the word “claim” a little strong on DC savers! Here’s Sandra’s … Continue reading
BP Targets £4 billion UK Pension Fund Surplus – Blocks Trustee for Fifth Consecutive Year
There are few things that annoy me more in pensions than the behaviour of BP’s management in blocking the Trustee’s wish to distribute part of its substantial surplus to members. BP pensioners will be out in force at BP’s AGM … Continue reading
Surpluses will make “employers see DB schemes as long-term assets”
It’s good to see a volte-face from a firm of consultants that has been rock-hard supporters of buy-in and buy out since schemes swung back from deficit and into buy-out territory. But this Bill has been on their desks these … Continue reading
Common sense should win through and pensions should not repeat past follies
The headline seems a disaster for pensions. The ABI and those preying on open DB pensions, are quick to point to the need to insure away the risk of pension paying people deferred pay in later life. If you had … Continue reading
Members of the BP pension still wait for promises to be paid
“Although BP have yet again refused a discretionary increase, the fight goes on. We are waiting for a Pensions Ombudsman ruling, but fully expect it to take several more months. Who knows what the outcome will be, but we are … Continue reading
Posted in pensions
Tagged BP, Distribution, Malcolm, Malcolm McClaren, pension scheme, Surplus
1 Comment
Your £50k pension surplus negotiable with your DB trustees and the boss!
Yesterday I sat through a day in the City listening to insurers talking about the safety of giving them your money while everyone else wanted to talk about what to do with the surplus funds not needed to pay the … Continue reading
Posted in pensions
Tagged BP, Jonathan Guthrie, pensioners, Pensions, Stagecoach, Surplus
3 Comments
Thoughts of accountants on the use of Pension Surpluses in DB
Pensions Oldie is I think an accountant. Here are his thoughts following my blog on employer strategy from Hymans Robertson Pension Oldie I agree that the webcast is an excellent review of the current position and the matters to be … Continue reading
Hywel Robinson – who owns the pension surplus? This morning at 10.30am.
You can get to this meeting at 10.30 this morning by clicking here Coffee Morning – Got a DB Surplus? ..Who owns it?? CPD included Type – Online Teams When – Tuesday 3rd March at 10:30 am You are … Continue reading
Hywel Robinson – who owns the surplus- Pension PlayPen Coffee Mornings are back!
Coffee Morning – Got a DB Surplus? ..Who owns it?? CPD included Type – Online Teams When – Tuesday 3rd March at 10:30 am You are cordially invited to attend our next Coffee Morning. Hywel Robinson, our speaker recently wrote … Continue reading