All Legal & General articles – Page 5
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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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News
Just 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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News
Derisking 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.
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Features
UN goals can act as guide for schemes making societal impact
The UN’s Sustainable Development Goals list 17 ambitions to improve the lives of people globally, spanning matters of poverty, equality, environmentalism and health. Much of the focus of the SDGs is on the developing world, yet lessons can be taken from the ambitions and used to improve the lives of people in the UK.
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NewsCharity scheme to leave PPF assessment in £30m buy-in
On the go: The John Townsend Trust Pension and Assurance Scheme has agreed a £30m full scheme buy-in with Legal & General, moving out of the assessment period at the Pension Protection Fund.
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NewsTrustee body calls for FCA action on manager voting policies
On the go: The Association of Member Nominated Trustees has called for regulatory action from the Financial Conduct Authority after a review found that a majority of fund managers “promise no meaningful action” in their climate change voting policies.
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NewsSanofi scheme agrees £760m buy-in with L&G
On the go: The £3.1bn Sanofi Pension Scheme has agreed a £760m buy-in with Legal & General Assurance. Separately, the scheme terminated an emerging market manager and replaced it with two new managers during 2020.
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NewsDWS Group acquires minority stake in Smart
On the go: Asset manager DWS Group has acquired a minority stake in Smart, the platform provider behind master trust Smart Pension.
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NewsBuilders’ merchant scheme secures £8m buy-in
On the go: The £9.4m Atkinson Northern Limited Retirement Benefits Scheme has secured an £8m buy-in with Legal & General Assurance Society.
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NewsSelecta UK scheme agrees £250m full buy-in with Legal & General
On the go: The Selecta UK Pension Plan has completed a £250m full buy-in with Legal & General Assurance.
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News
Pension risk transfer activity expected to increase in H2 2021
Data crunch: Although UK pension schemes have shown a reduced appetite for risk transfers so far this year, there could be a rise in the number of buyout and buy-in deals that will be completed during the second half of 2021.
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NewsPension Awareness Day: Savers still in the dark amid Covid-19 downfall
A roundup of the news marking the 2021 Pension Awareness Day, with £5.3bn lost from over-fifties pension pots during the pandemic, retirement security in the UK declining for the fourth consecutive year, and a new guide launched to help employers and schemes to support members’ financial wellbeing.
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NewsLondon Borough of Newham invests in Paris-aligned index fund
On the go: The £1.6bn London Borough of Newham Pension Fund has invested in a new environmental, social and governance fund with Legal & General Investment Management.