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Top tips for a successful approach to the bulk annuity market

Jane Kola

From the blog: 2018 is set to be a record-breaking year in the bulk annuity risk transfer market.

The transaction total for pension scheme buy-ins and buyouts is expected to exceed £20bn by the end of 2018, according to Hymans Robertson research, and there are predictions that 2019 will surpass this record.

There is no question that there are more schemes chasing buy-in deals than there are insurers willing to write that business – the long-predicted capacity crunch has arrived.

For well-funded schemes who are new to this market, the crunch in insurer capacity means trustees need to prepare their scheme for sale.

2019 PIPAs set to showcase best in industry

PIPAs 2019

The Pension and Investment Provider Awards return for their 20th anniversary edition in 2019. Entries are now open for all categories, including new categories rewarding the UK's best-run pension schemes.

The Weekly Wrap: December 8 edition

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A round-up of the pensions industry stories published across the FT Group – from the Pensions Regulator asking for powers to screen phone records, to European pension funds fretting over protectionism and the unwinding of quantitative easing.

SRD II: A blockbuster sequel

Hans-Christoph Hirt

From the blog: It is often said that a sequel is never as good as the original. While that might be true for some films, the new European Shareholder Rights Directive is a welcome revision of 2007’s first instalment.

The goal of the original Shareholder Rights Directive was to give shareholders consistent rights at annual meetings and when voting.

The amended version, published in May 2017 and due to be implemented in EU member states in June 2019, takes this further. With less than a year to go, UK pension funds should be assessing the upcoming changes and considering how the upgrade will impact their role as stewards. 

What to expect from master trust supervision

Jacqui Reid

From the blog: An unprecedented number of employers and trustees are looking at transfers of employees’ defined contribution pension benefits into master trusts.

Furthermore, employers are increasingly opting for a master trust solution for future pension provision as a way of reducing scheme governance costs. 

At the same time, we are also seeing trustees, in conjunction with their employers, either looking at master trusts as a way of managing their deferred DC population, or directing retiring members who wish to pursue drawdown outside the scheme towards master trusts.   

The Weekly Wrap: November 25 edition

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A round-up of the pensions industry stories published across the FT Group – from another review of the Universities Superannuation Scheme's funding position, to the Local Government Pension Scheme halting transfers.

Why fiduciary management needs total transparency

Richard Dowell

From the blog: The Competition and Markets Authority has taken a few small steps, but one giant leap is needed to improve outcomes for UK pension funds.

The CMA’s provisional decision report proposed much-needed remedies to the UK’s investment consulting and fiduciary management industry, and were a clear step in the right direction.

There is, however, an opportunity for the CMA to make a bigger impact and help the industry take a giant leap forward.

Recommendations to introduce compulsory tendering, fiduciary management performance standards and enhanced trustee guidance have certainly made the industry sit up and think.

With a few tweaks to the proposals, the positive impact of the remedies should be widely felt.