All Defined benefit articles – Page 9
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NewsBulk annuities latest: L&G insures Deutsche Bank scheme for £1.1bn
Plus, Just Group completes £18m full buy-in with St Modwen scheme covering 270 members.
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OpinionCharity schemes are stronger when working in partnership
Charity DB schemes have experienced a similar positive journey to private sector peers in recent years. Charities Pensions Club director Chloe Scragg explains the challenges they still face and how they are tackling them.
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NewsAviva converts longevity swap as part of £1.3bn RAC buy-in
Aviva has secured a £1.3bn buy-in for the RAC 2003 Pension Scheme, insuring the benefits of approximately 19,000 members.
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NewsPLSA Conference: DB is ‘part of the future of pensions’
Defined benefit should be considered part of the future, not just the past of pensions, according to panellists at the Pensions and Lifetime Savings Association’s Annual Conference.
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NewsMichelin insures DB scheme for £1.5bn
The transaction with Aviva, which insures 15,000 members, involved the sponsor supplying a loan to cover the scheme’s illiquid holdings.
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OpinionEmpowering the £1.5trn in private sector DB pensions
How can the government help pension schemes make better use of their substantial surpluses, asks Jos Vermeulen of the Society of Pension Professionals.
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NewsBulk annuity update: Royal London completes first external deals
The sector’s newest entrant has completed two transactions worth a combined £130m, while Aviva has insured the Thomas Miller pension scheme for £140m.
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FeaturesHow LDI managers are getting ready for the rest of 2024
Following recent warnings about a potential return of deflation, the onus is on LDI managers to ensure their portfolios are prepared.
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NewsSchemes relying on dashboard rollout face data ‘nightmare’
Trustees and pension managers should not rely on the dashboard system to fix their data problems for them, according to panellists at a Pensions Dashboards Week event.
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NewsProfessional and sole trustees dominate scheme management, data shows
Sole trustee appointments grow 30% year-on-year as large professional trustee firms grow their influence over scheme operations.
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NewsAssessing pension insurers’ sustainability performance
Most bulk annuity providers are making good progress to decarbonise their investment portfolios and are ahead of internal targets, according to new research.
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NewsTPR clarifies statement of strategy approach
The Pensions Regulator has streamlined its requirements for statements of strategy in response to industry feedback, as its Defined Benefit Funding Code comes into effect.
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NewsMerseyside strikes £200m bulk annuity deal with Aviva
The deal, covering 2,500 scheme members, is just the third time an LGPS fund has entered the bulk annuity market.
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NewsIndustry calls for change to levy rules as PPF seeks to raise £100m
Current rules mean the PPF cannot stop taking a levy without compromising its ability to raise capital in the future.
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NewsTPR’s Neil Bull to speak at the DB Strategic Investment Forum
The regulator’s executive director of market oversight will explain TPR’s approach to DB schemes’ endgame planning as well as the productive finance agenda.
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NewsPIC insures Coats scheme in £1.3bn buy-in
The biggest buy-in of 2024 so far includes a deferred premium arrangement and the in-specie transfer of illiquid assets.
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NewsLCP takes over executive functions at National Grid scheme
The executive and governance team at the £11.8bn National Grid UK Pension Scheme has transferred to consultancy group LCP.
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NewsTrustees increase focus on endgame planning
Almost nine in 10 trustees of defined benefit (DB) pension schemes are expected to decide their endgame strategy within the next five years, new research suggests.
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NewsUK facing ‘cliff edge’ on pension provision
The UK is facing a “cliff edge of challenges” for its £2trn pensions system including low engagement, poor savings levels and low productivity, according to Mercer.
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NewsBulk annuities latest: Scottish Milk scheme insures with Just for £42m
The latest defined benefit insurance transactions also include a £34m deal for the Macmillan charity’s scheme.