All Derisking articles – Page 12
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News
Bulk annuity deals to hit £25bn in 2020
On the go: Defined benefit schemes are expected to complete buy-in and buyout deals in 2020 to the tune of £25bn, according to research from Lane Clark & Peacock.
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News
Bulk annuity deals now cover 15% of UK defined benefit liabilities
On the go: Pension scheme buy-ins, buyouts and longevity swaps have insured £250bn of longevity risk since the market took off in 2007, which corresponds to 15 per cent of UK defined benefit liabilities, according to analysis from Hymans Robertson.
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News
USS sticks with March valuation despite battered funding level
Market volatility has seen the Universities Superannuation Scheme’s asset portfolio shed more than 13 per cent of its value and its deficit pass £11bn in recent days, triggering concerns, but as yet no action, from trustees.
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News
Tesco to clear pension deficit with Thailand and Malaysia business sale
On the go: Tesco will be making a one-off £2.5bn pension contribution from the sale of its businesses in Thailand and Malaysia that is expected to eliminate the current scheme deficit.
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News
Xylem completes £255m bulk annuity deal
On the go: Trustees of the Xylem UK Pension Plan have completed a £255m buy-in with Rothesay Life.
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News
Co-op buys in further £1bn of liabilities
On the go: Retail group The Co-op has secured the pensions of 7,000 defined benefit members in a bulk annuity transaction with the Pension Insurance Corporation.
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News
City of Westminster scheme to cut equities and diversify portfolio
The City of Westminster Pension Fund has shifted its investment strategy in response to concerns about volatility in equity markets, added to a need to diversify risk and lock down an improved funding ratio.
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News
Co-op pension scheme completes £1bn buy-in
On the go: The Co-operative Pension Scheme has completed a £1bn bulk purchase annuity transaction with Aviva.
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News
Smaller-sized bulk annuity deals to increase in 2020
On the go: Fewer multibillion bulk annuity deals are expected in 2020, although the number of smaller transactions is set to increase, according to research from Willis Towers Watson.
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News
Electricity Supply scheme completes £805m pensioner buy-in
On the go: The Electricity North West Group of the Electricity Supply Pension Scheme has completed a £805m pensioner buy-in with Scottish Widows.
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OpinionCollective defined contribution schemes: Smooth operators?
Barnett Waddingham’s Esther Hawley looks at the differences between collective defined contribution schemes and individual DC strategies, and how workplace pension funds can mirror the new concepts being developed to improve the UK’s retirement outcomes.
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News
ESAB Group scheme completes £255m buy-in
On the go: The ESAB Group Limited Pension & Life Assurance Scheme has completed a £255m buy-in with Rothesay Life.
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News
DB schemes move to formal long-term planning as regulation bites
On the go: Defined benefit pension funds are increasingly focusing on a long-term, formalised endgame or funding target, according to research by PwC.
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News
Bulk annuity market to reach £540bn in next decade
On the go: The bulk annuity market is expected to quadruple in the next decade compared with the current one, which saw £135bn paid to insurers, according to estimates from Mercer.
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News
National Grid completes £1.6bn buy-in with Legal & General
On the go: The National Grid UK Pension Scheme has completed a £1.6bn buy-in with Legal & General.
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News
Aegon staff scheme completes £144m buy-in
On the go: The Aegon UK Staff Retirement and Death Benefit Scheme has completed a £144m buy-in with Phoenix Group.
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News
SSE further de-risks with £750m buy-in with PIC
On the go: The Scottish Hydro-Electric Pension Scheme – sponsored by Scottish and Southern Energy – has converted a longevity swap into a £750m buy-in contract with the Pension Insurance Corporation.
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Features
Buy-in pricing could improve in post-Brexit world
Brexit volatility could be a good thing for defined benefit pension schemes looking to insure liability risk, according to experts.
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News
Allied Domecq scheme in monster buy-in
On the go: The Allied Domecq Pension Fund has entered into a buy-in arrangement worth £3.8bn with Rothesay Life, the second multibillion pound bulk annuity transaction in a week.
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NewsLGPS 2019 valuation to see new pressures on affordability
Addressing a room of stakeholders in the Local Government Pension Scheme, Jeff Houston has some good news and some bad news on the scheme’s 2019 valuation.