All Defined benefit articles – Page 12
-
NewsOutlook 2025: The pensions industry’s wishlist for the new year
Pensions Expert spoke to six major industry groups to find out what they want to see happen in 2025, from the Pensions Review and the Pension Schemes Bill to trustee powers and improvements to member outcomes.
-
NewsRoyal London and Just Group announce buy-in deals
Royal London has announced its fifth transaction since entering the bulk annuity market earlier this year.
-
NewsPensions industry supports delay to PPF decision on 2025-26 levy
The Pension Protection Fund (PPF) has delayed the final decision on its 2025-26 industry levy until the end of January as it lobbies for the ability to reduce payments to zero.
-
NewsWates Pension Fund transfers to consolidator Clara
Defined benefit (DB) pension scheme consolidator Clara-Pensions has completed its third transaction, taking on the £210m Wates Pension Fund.
-
FeaturesOutlook 2025: New insurers set to make waves in busy DB market
From an evolving bulk annuity market to debates over the use of pension scheme surpluses, next year looks set to be as busy as ever for the defined benefit sector, writes Alex Janiaud.
-
NewsBulk annuities latest: PIC insures Hays Pension Scheme for £370m
The transaction covers 853 pensioners and dependents, and 3,368 deferred members linked to Hays, a recruitment company. Hays injected approximately £13m to help finance the deal.
-
NewsPPF reports £219bn total surplus across DB pension universe
The funding position of private sector defined benefit pension schemes continues to improve, according to the Pension Protection Fund’s (PPF) latest edition of the Purple Book.
-
NewsBulk annuities latest: Rothesay insures Avimo Pension Scheme for £50m
Specialist insurer Rothesay has completed a £50m buy-in of the Avimo Pension Scheme, covering more than 600 scheme members.
-
FeaturesHow deferred DB pensions will look on pension dashboards
Independent pensions dashboards consultant Richard Smith passes the halfway point in his series of monthly case study articles about how his different schemes are preparing for pensions dashboards.
-
NewsSuperfunds trump insurers for schemes exiting PPF assessment
Consolidators could be a more popular future path for DB pension schemes seeking to exit the PPF’s assessment process, according to a survey.
-
NewsNational Grid powers £1.7bn buy-in with Aviva
The buy-in includes the transfer of a 2018 longevity swap contract, and insures the pension benefits of nearly 6,000 people.
-
NewsM&G launches ‘risk-sharing’ buy-in service for pension schemes
An initial £500m buy-in with an unnamed pension scheme has been structured to allow the corporate sponsor to share in any financial upside emanating from the insured assets.
-
NewsDon’t ignore covenant risk, says SPP
The Society of Pension Professionals has published a new “myth-busting” paper around covenant risks in light of the new DB Funding Code.
-
News‘Pivotal point’ for fiduciary management as DB matures
Fiduciary managers face a “pivotal point” as DB schemes mature and the investment and regulatory landscapes grow more complex, according to Isio.
-
NewsG4S agrees £1.8bn buy-in deal with Just Group
The security company’s full-scheme buy-in is one of the largest deals of the year and a record for Just Group.
-
NewsUtmost completes inaugural buy-in deal
The latest insurer to enter the bulk annuity market has completed a £20m buy-in with an unnamed scheme.
-
FeaturesChanging course: The case for reinvesting pension scheme surpluses
Ahead of chancellor Rachel Reeves’ Mansion House speech on Thursday, Pensions Expert explores changing attitudes towards defined benefit scheme surpluses and how they could be used to benefit members, employers and the wider economy.
-
NewsBulk annuities update: £510m worth of benefits secured in four deals
A quartet of transactions have been announced this week securing the defined benefit pensions of nearly 4,000 people.
-
NewsNatWest insures £11bn through multiple buy-ins
The high street bank has conducted a series of buy-in deals this year, reportedly with Rothesay Life.
-
NewsWhy Railpen brought its trading desk in-house
Amid widespread industry debate on consolidation and the benefits of insourcing and outsourcing, Railpen’s Jack Crawley explains how the £34bn scheme internalised its trading function.