All Buyout articles – Page 2
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NewsThe new buyout brigade
The questions trustees should ask when considering an insurance transaction with a new entrant to the market
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NewsRethinking the DB endgame
DB schemes could be missing a trick by completing insurance transactions, according to new research
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NewsBPA boom: Who will be next to enter the market?
M&G’s re-entry into the bulk purchase annuity market takes the number of UK providers to nine, with others expected to follow by the end of the year.
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NewsM&G re-enters bulk annuity purchase market
M&G has announced a £331m buy-in transaction of the M&G Group Pension Scheme (M&GGPS), one of the group’s own pension schemes, as well as a £286m bulk annuity transaction for an external scheme.
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News‘Systemic risks’ in rushing to embrace insurer buyouts, warns SPP
In its Vision 2030 report, the Society of Pension Professionals (SPP) warned that insurance buyouts ‘may not always be the answer’ and diversification of endgame options beyond government gilts was needed to secure the long-term future of all pension schemes.
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NewsABI’s pension scheme completes £18.4m buy-out with Just Group
The deal secures the benefits of remaining members of the Association of British Insurers (ABI) sponsored pension scheme, including 16 pensioners and 118 deferred members.
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NewsCharities sector sees funding level improvement
The combined reserves of the largest 40 charities in England & Wales that sponsor defined benefit (DB) pension schemes rose to £49bn in 2022 from £40bn in 2021, according to analysis published in a report by Hymans Roberson.
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News
Swap and bond rate dip increases average pension scheme buyout timeframe
The average time for a UK defined benefit pension scheme to make itself buyout ready rose from 5.1 to to 5.2 years between June and July 2023, according to Barnett Waddingham.
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NewsPensions industry: Week in brief
LGPS staff are concerned about resources, according to an PLSA survey: while Broadstone predicts a bumper second half of the year for buyouts: questions over the FCA's consumer duty and a £200m property deal between SLIP and PIC, here's the news you may have missed this week.
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NewsCan a specialist service help endgame schemes manage illiquid assets?
The move has been prompted by an improvement in pension scheme funding levels among over the past twelve months, and presenting the option for risk transfer sooner than previously anticipated.
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NewsBuyouts: Is a capacity crunch already here?
This year is set to be a bumper year for buyouts, but has the most bouyant sector of the pensions market reached saturation point?
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NewsL&G completes £1.8bn buy-in of United Utilities schemes
Legal & General has completed buy-in with the trustees of two pension schemes sponsored by United Utilities, in a deal that covers around two thirds of their liabilities.
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NewsHammerson completes £90m BPA deal with Just
The £90m bulk purchase annuity transaction between Just and the Hammerson Group Management Limited Pension and Life Assurance Scheme was advised by LCP.
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NewsDB schemes could face extra costs after High Court judgement
Virgin Media case could render contracting-out changes invalid, if schemes cannot produce a section 37 certificate
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OpinionWhy two pairs of eyes are better than one (for DB sponsors)
When it comes to running defined benefit pension schemes, sponsoring employers have long suffered from increasing complexity, regulatory burden and cost, writes Broadstone’s Stuart Bradbury.
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NewsDerisking well funded DB schemes may be an opportunity missed
Employers should adopt a more ambitious approach to managing well-funded defined benefit (DB) schemes and see them as an opportunity, according to pensions experts.
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NewsLDI turmoil could reduce DB schemes’ investment in illiquids
The fallout from the September market turmoil will be “wide-ranging” for UK defined benefit schemes, with regulatory changes influencing their capacity to invest in less-liquid growth strategies, according to a new report from Bloomberg Intelligence.
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NewsFull scheme buy-ins to dominate market in 2023
On the go: With many defined benefit schemes advancing in their derisking plan due to higher gilt yields, WTW is expecting full scheme buy-ins to dominate a “busy market”.
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NewsTomkins Schemes complete £132mn full buy-ins
On the go: Two pension schemes sponsored by Gates Group, the Tomkins Schemes, have completed full buy-ins worth a combined £132mn with Pension Insurance Corporation.
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NewsHalf of defined benefit schemes now closed to future accrual
Fifty per cent of defined benefit schemes are now closed to future accrual, according to new figures from the Pensions Regulator.