Latest articles from Maria Espadinha

Insolvency dawns on 22% of FTSE 350 DB schemes’ rated sponsors

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On the go: Almost a quarter of FTSE 350 defined benefit schemes with rated sponsors expect corporate insolvency before they reach buyout, according to analysis from Hymans Robertson.

Pension actuaries urged to improve commutation advice quality

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On the go: Pension scheme actuaries are being called to improve the quality of the advice they are giving trustees on commutation rates, after a review of their work by the Institute and Faculty of Actuaries.

TPR: Open schemes can maintain riskier investments in bespoke route

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On the go: The Pensions Regulator has stood by its new defined benefit funding code following criticisms from open DB schemes, arguing that a bespoke route will allow these pension funds to continue their current investment strategies.

LGPS Central hires managers for £660m multi-asset credit fund

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On the go: LGPS Central has selected BMO Global Asset Management and Western Asset Management to manage its £660m Multi-Asset Credit Fund.

OECD: Pension systems facing increased challenges after Covid-19

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On the go: The pandemic-led economic crisis has compounded the challenges faced by pension systems in different countries, while also bringing new problems for governments to deal with, a new report has found.

Doomsday scenario would see PPF with £25bn in claims by 2030

The Pension Protection Fund has updated its risk assessment on future claims to a worst-case scenario of £25bn by 2030, up from £22.5bn at last year’s reckoning.

Industry needs to work together to sort out GMPs

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Podcast: Lynda Whitney, partner at Aon, and David Brooks, technical director at Broadstone, discuss what lies ahead for trustees and administrators as they try to digest the latest High Court ruling regarding guaranteed minimum pensions.

Aviva staff scheme completes £875m buy-in

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On the go: The Aviva Staff Pension Scheme has completed a £875m buy-in with Aviva that covers the defined benefit pension liabilities of 2,868 members.

Covid delays Kent fund remedies after Woodford debacle

The Kent County Council Superannuation Fund’s auditor has flagged delays in attempts to learn lessons from the Woodford debacle as a serious risk to the scheme.

DB schemes have £130bn tied up in unrealised life expectancy advances

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On the go: PwC is proposing changes to the way defined benefit schemes calculate the impact of projected life expectancy improvements in its liabilities, as these pension funds have more than £130bn tied up in assumptions that have not yet materialised.