All Defined benefit articles – Page 3
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OpinionFinancial distress: When a trustee’s role steps up a gear
What happens when a pension scheme’s sponsoring employer becomes financially distressed? There are many options and elements to consider – and it’s not all about the Pension Protection Fund, says Vidett’s Kevin Dolan.
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NewsThink tank calls for full PPF underpin to boost surplus release case
The Social Market Foundation has set out recommendations for the government to make releasing surplus assets from DB pension schemes more attractive and secure.
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NewsJust Group secures £12m buy-in with Englass pension scheme
The transaction made use of Aon’s process designed for small pension scheme de-risking deals.
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NewsLloyds ringfences £5.1bn with two longevity swaps
Two defined benefit (DB) pension schemes sponsored by Lloyds Banking Group have agreed longevity insurance and reinsurance arrangements.
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NewsBT Pension Scheme agrees longevity swaps worth £10bn
The UK’s largest corporate defined benefit (DB) pension scheme has struck two longevity reinsurance deals worth a combined £10bn.
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NewsMining giant Anglo American seals triple buy-in with L&G
L&G has completed £1.2bn worth of bulk annuity deals so far this year and is “actively pricing” on other deals worth a combined £17bn.
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NewsUSS overhauls responsible investment approach
The pension scheme’s revitalised multi-pronged sustainability strategy is partly dependent on government policy coordination.
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NewsChurch of Scotland completes £75m buy-in with Just Group
Just Group has completed a multi-scheme buy-in with the Church of Scotland Pension Scheme, worth a total of £75m. The transaction, which completed in December 2024, insures the benefits of around 2,350 members and dependants in three sections across two pension schemes. The largest deal involved a £40m buy-in for ...
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In DepthIn Depth: Will a rise in run-on strategies affect bulk annuity demand?
Pensions Expert explores how DB schemes’ increased interest in running on and generating a surplus could affect the bulk annuity market.
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NewsHow TPR helped secure funding boost for newspaper scheme
A pension scheme sponsored by Reach - and previously involved in the Robert Maxwell fraud - has settled a funding dispute following an intervention by the Pensions Regulator.
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NewsBulk annuities latest: Canada Life secures landmark £361m buy-in
Canada Life has completed one of its biggest bulk annuity deals, a £361m buy-in with an unnamed pension scheme.
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OpinionMore work needed on PPF levy: Railpen
The planned reduction in the PPF levy is a welcome reform, but there’s still work to do, argues Railpen’s pensions policy manager Tim Miller.
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NewsSimplify actuarial advice rules, argues SPP
Proposed new rules for actuarial advice should be revised to reduce unnecessary communication and complexity, according to the Society of Pension Professionals.
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NewsBrookfield gets green light from UK regulators to enter bulk annuity market
Plus: Utmost strikes investment partnership with Schroders; Just insures careers charity pension scheme for £2.8m.
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NewsWhat a new mortality model means for your pension scheme
New mortality data and calculations being introduced later this year could increase liabilities for some DB schemes – but others could see theirs fall further.
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NewsBulk annuities latest: M&G, L&G and Just seal full scheme buy-ins
M&G has insured a defined benefit (DB) pension scheme sponsored by an unnamed asset manager for £111m.
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NewsArcadia secures scheme merger ahead of wind-up
A High Court ruling has approved the merger of collapsed retailer Arcadia’s two pension schemes, citing a “moral obligation” to put them on an equal footing.
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NewsCentrica reduces DB scheme contributions as deficit narrows
Centrica will pay around £30m a year less into its defined benefit pension schemes as a result of a significant reduction in the overall deficit.
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NewsHow trustee boards are tackling the fallout from the Virgin-NTL case
The ICAEW reports three different approaches being taken by trustee boards when reviewing past scheme amendments in relation to last year’s Virgin-NTL ruling.
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NewsUSS rules out bid for healthcare property developer Assura
The £77.9bn pension scheme has opted not to pursue a bid for healthcare property investor Assura that it had previously submitted with KKR.