All Legal & General articles – Page 4
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NewsCornish pension scheme agrees £11mn buyout with L&G
On the go: The circa £11mn Cornish Mutual Assurance Company Staff Pension Scheme has agreed a buyout with Legal & General Assurance Society.
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NewsLGPS funds finish 2021 with an increased ESG equity focus
Data crunch: Making a broad equity allocation without incorporating environmental, social and governance criteria is now almost anathema to local authority pension schemes, at least according to the data collected by MandateWire over the fourth quarter of 2021.
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NewsUK bulk annuity deals drop at the end of 2021
Data crunch: The volume of bulk annuity transactions edged downwards towards the end of last year, according to new research, although buy-ins and buyout deals rose between Q3 and Q4.
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NewsTwo-thirds of trustees are looking beyond buyouts
On the go: Two-thirds of pension trustees are considering other options besides buyouts as part of their schemes’ long-term funding goals, new research has revealed.
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News‘Historical’ risk transfer volumes to continue in 2022
On the go: Risk transfer momentum is on the rise, driven by strong investment return, market activity, asset availability and the number of large pension plans coming to the market, new research has shown.
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NewsDB schemes’ health reaches record high
On the go: The health of UK defined benefit pension schemes edged upwards to a record high at the end of last year, according to Legal & General Investment Management.
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NewsPrudential reports itself to regulator over AVC failings
Prudential reported itself last year to the Pensions Regulator, as a perfect storm of IT problems and coronavirus-led disruption pushed customers looking to cash out their additional voluntary contributions into long delays.
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NewsManufacturing company agrees £75m buy-in
On the go: The Triplex Lloyd Final Salary Plan has agreed a circa £75m bulk annuity transaction with Legal & General Assurance Society for the Doncasters section of the defined benefit scheme.
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NewsUSS switches to green equities, Aviva warns firms on sustainability
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, with the Universities Superannuation Scheme moving more than £5bn of its global equity investments to a climate transition index, Aviva firing a warning shot at the companies in which it invests, and BMO setting out its engagement priorities for 2022.
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NewsTwo councils target net zero, East Sussex buys sustainable equities
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, with the Lambeth and Shropshire pension schemes setting goals for net-zero carbon emissions, and the East Sussex scheme investing in a new passive global equity ex-fossil fuels portfolio.
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NewsImperial Tobacco agrees £1.8bn deal, charity completes full buy-in
Risk watch: A roundup up of the latest derisking transactions, including the Imperial Tobacco Pension Fund’s £1.8bn deal with Standard Life, and the Royal National Mission to Deep Sea Fishermen Retirement Benefit Scheme’s full buy-in with Legal & General.
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NewsJust two bulk annuity insurers are signed up to UK Stewardship Code
Only Aviva and Scottish Widows have signed up to the UK Stewardship Code out of the eight bulk annuity insurers, new LCP research has highlighted.
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News2022 set to be a bumper year for bulk annuities
On the go: 2022 is set to be a busy year when it comes to derisking and could break the record for the largest transaction, according to a report from LCP.
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People NewsFrank Field recognised in New Year honours
On the go: Frank Field, former Work and Pensions Committee chair, has received one of the most exclusive awards in the Queen’s New Year’s honours list.
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NewsMitchells & Butlers agrees buy-in, AvestaPolarit derisks with Rothesay
Risk watch: A roundup up of the latest derisking transactions, including the Mitchells & Butlers scheme’s £650m full buy-in with Legal & General and the AvestaPolarit scheme’s bulk annuity transaction with Rothesay.
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NewsTriumph International scheme agrees buy-in with L&G
On the go: The Triumph International Pension Scheme has agreed a full £49m buy-in with Legal & General Assurance Society.
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NewsStraightforward messages more likely to engage savers than ESG
On the go: Straightforward pension communications, rather than those discussing environmental, social and governance topics, are better at engaging savers who have never logged into their pension account, new research has found.
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OpinionHow LDI strategies have evolved over the past 20 years
Legal & General Investment Management’s Anne-Marie Morris details the evolution of liability-driven strategies, first launched 20 years ago with Boots, and how these have become an integral part in defined benefit scheme management.
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NewsDerisking activity ramps up in Q3
Data crunch: Derisking activity picked up in the third quarter of 2021, as bulk annuity transactions reached their highest point of the year.
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NewsReuters scheme agrees full buy-in with L&G
On the go: The Reuters Supplementary Pension Scheme has agreed a circa £310m full buy-in with Legal & General Assurance Society.