All Endgame articles
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NewsFinance chiefs divided over how to use DB pension scheme surpluses
Key corporate decision-makers are split over how to prioritise the use of defined benefit pension scheme surpluses, according to new research by Independent Governance Group.
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NewsRegulator gives green light to TPT to launch superfund
TPT has secured investment capital to back between £1bn and £1.5bn worth of transactions, and said it was already in discussions with “a growing number of schemes”.
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NewsBulk annuities latest: L&G seals £1.7bn deal with UBS; Royal London insures steel scheme
Legal & General has completed the biggest defined benefit pension scheme buy-in so far this year, insuring 7,000 members of a section of the UBS UK Group Pension Plan.
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NewsSuperfund sector set to ‘take off’ as Clara onboards six schemes in unique deal
Following four deals announced this year, Clara-Pensions’ assets under management are now in the region of £2.5bn as consultants predict “exponential growth” for the superfund sector.
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OpinionABI: Surplus extraction - lessons from insurers
As DB schemes gain greater flexibility to extract surplus, the ABI’s Robyn Smith argues that lessons from insurance regulation could help ensure greater freedom is matched by robust safeguards for members.
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OpinionSPP: Is your pension scheme ready for run-on?
The Society of Pension Professionals’ Guy Bottomley looks at how pension schemes can prepare for the new run-on and surplus release options opening up for them.
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NewsAttractive pricing expected to keep bulk annuity market bouyant through 2026
Attractive insurance pricing should lead to a busy end to 2026 for the bulk annuity market, despite muted volumes in the first half, according to new analyses.
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NewsTPR data shows continued funding improvements as new regime looms
Data from the Pensions Regulator shows continued improvement in funding levels for defined benefit pension schemes, as trustees review endgame options amid an expanded menu of options.
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NewsEndgame latest: Trio of announcements from buy-in to wind-up
The latest updates on endgame activity span from Canada Life’s £52m buy-in to the full wind-up of a flavours and fragrances company’s defined benefit pension scheme.
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NewsXPS urges fiduciary manager reviews as more DB schemes consider run-on
Improved funding levels and changing DB endgames are altering what schemes need from their fiduciary managers, according to XPS Group.
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NewsClara-Pensions onboards £40m scheme through small transactions service
More than 400 members of the unnamed scheme will join the Clara Pension Trust, which aims to be a ‘bridge to buyout’ with an insurer.
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PodcastsAlways A Pensions Angle: Endgame drift and investment dilemmas
The Always A Pensions Angle team looks back on some stories listeners may have missed over the summer, from endgame developments to AI, from conflict zone investment to affordable housing.
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NewsWarning against ‘drift risk’ as half of schemes yet to set funding target
Trustees expect to reach their endgame objectives within about six to nine years, according to new research from Barnett Waddingham, but half have yet to set a formal funding target.
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NewsTrustees urged to clarify surplus ownership as corporates focus more on DB schemes
Stakeholders should discuss access to surplus ahead of new rules, Hymans Robertson says, as IGG research indicates corporates are spending more time discussing pensions now schemes are overfunded.
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ArticleSurplus release: Time to put plans and policies in place
The Department for Work and Pensions, HM Revenue & Customs, the Pensions Regulator and the Financial Reporting Council are all working together to construct the surplus release framework for defined benefit pension schemes.
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OpinionSPP: Managing pension scheme risk in an increasingly uncertain world
Jordan Irvine of the Society of Pension Professionals unpacks recent market movements and geopolitical activity to explore what it means for defined benefit pension schemes and their investment strategies.
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NewsEndgame delays could cost schemes millions in surplus, claims fiduciary manager
Van Lanschot Kempen argues that delaying decisions on endgame options could mean schemes miss out on potential investment returns that could in turn boost surplus release payments.
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NewsPrivate investor group supports DB scheme with capital injection
A defined benefit pension scheme has agreed a rare “capital-backed investment” transaction with a private investment firm to secure an injection of capital to improve its funding position.
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NewsTrustees under pressure to use surplus powers despite conflict concerns
With new surplus release flexibilities coming into force through the Pension Schemes Act, a survey of defined benefit pension scheme trustees has found a growing appetite for run-on but concerns about potential conflicts of interest.
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NewsBulk annuities latest: Insurance remains top option for most, finds Aon
Plus: Standard Life insures a subsidiary’s defined benefit pension scheme for £200m, while Just Group and Broadstone team up again for a sub-£5m transaction.