All Endgame articles
-
NewsTrustees urged to consider all endgame options as rule changes loom
The Pensions Regulator has set out new guidance around endgame options - but has acknowledged that more will be needed as the government brings in new rules.
-
NewsUtmost hires former Rothesay CFO to lead bulk annuity market push
Utmost Life and Pensions, one of the newest entrants to the UK bulk annuity market, has appointed former Rothesay Life chief financial officer Andrew Stoker as chief executive.
-
OpinionMaturing schemes and endgame planning: The pensions ‘teenage years’
Naomi Brown, senior counsel at Sackers, explains the parallels between managing a maturing defined benefit scheme and life as a parent.
-
NewsCharity DB schemes approach full funding
Funding levels at charity defined benefit (DB) schemes have improved substantially over the past five years, according to new data.
-
OpinionThe secret of fully securing your members’ benefits
A trustee chair’s reflections on how the MNOPF arrived at its destination
-
OpinionWhy two pairs of eyes are better than one (for DB sponsors)
When it comes to running defined benefit (DB) pension schemes, sponsoring employers have long suffered from increasing complexity, regulatory burden and cost.
-
NewsClara-Pensions expects consolidator competition ‘within a year’
On the go: The commercial consolidator Clara-Pensions expects to see other offerings providing competition in the market “in a year’s time”, according to chief executive Simon True, despite the “unhelpful economic environment”.
-
NewsInsurers publish first bulk annuity ‘best practice’ guide
On the go: UK insurers have collaborated to produce the industry’s first-ever “best practice” guide for schemes preparing for bulk annuity quotations, laying out principles by which trustees, advisers and administrators should abide.
-
PodcastsPodcast: Ball in TPR’s court as DB funding code consultation launches
Podcast: The consultation into the defined benefit funding code by the Department for Work and Pensions hints at a prescriptive regime to come, but the Pensions Regulator must improve on its “rubbish” code of practice draft, according to Zedra client director Richard Butcher. He and Hymans Robertson partner Laura McLaren discuss the next steps, stronger nudge concerns, and assess the health of pensions post-Maxwell.
-
OpinionWill inflation knock your scheme’s endgame strategy off track?
Effective defined benefit endgame strategies require three things for success. First, a clear endgame objective, second a clear plan to get there, and finally an effective governance structure to keep the scheme on track.
-
OpinionPrivate debt can help schemes reach endgame goals
Buck’s principal and actuary Ian Burns explains why private debt can be suited for pension schemes with a long-term investment outlook looking for extra income as a way to reach endgame.
-
NewsRisk settlements to top £45bn for third consecutive year
On the go: The UK pension risk settlement market is anticipated to see volumes of more than £45bn by the end of 2021, the third year in a row that it has reached this level, according to analysis by Aon.
-
NewsDB schemes derisk investments as funding levels improve
On the go: Defined benefit schemes are increasingly looking to derisk their investment approach to protect their improved funding levels, according to new research from Aon.
-
OpinionSchemes need to consider illiquids in endgame scenarios
With most defined benefit pension funds having an eye on the ‘endgame’, and for many this ultimately meaning buyout, a wariness towards locking assets up into illiquids that are hard to sell is not surprising.
-
NewsPositive outlook for bulk annuity transactions in 2022
On the go: Insurers’ appetite for bulk annuities could be heightened in 2022 after a relatively slow 2021, according to research from Barnett Waddingham.
-
NewsClara Pensions to begin accepting transfers after TPR clearance
The Pensions Regulator has cleared consolidator Clara Pensions to begin accepting transfers, opening up a new endgame option for defined benefit schemes.
-
NewsPoor understanding of ‘company beliefs’ may hamper endgame plans
On the go: Defined benefit scheme endgame plans are threatened by a lack of understanding about “company beliefs”, according to Hymans Robertson, warning that trustees must ensure such beliefs are aligned with strategic pensions choices.
-
NewsMore schemes choosing buyouts over self-sufficiency, Aon finds
On the go: The number of pension schemes targeting buyouts has surpassed those opting for self-sufficiency for the first time, according to new research from Aon.
-
NewsAlmost a quarter of trustees unsure of endgame strategy
On the go: There are still doubts among trustees about their defined benefit schemes’ long-term strategy, as almost a quarter of these professionals (23.9 per cent) are unsure of their endgame strategy, a survey has revealed.
-
OpinionThe last great risk facing defined benefit pension schemes
Insight Investment head of solution design Jos Vermeulen argues that longevity swaps are an appealing solution for schemes, but further standardisation is required to make these transactions more popular and cost-effective.