All News articles – Page 13
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NewsGerman bank seals £36m buy-in with PIC for DB scheme
The transaction covers all 156 members of the Helaba (London) Pension and Life Assurance Plan, and comes a day after PIC announced its biggest deal of the year.
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NewsBorder to Coast could reach £110bn as seven LGPS funds seek to join
Seven members of the ACCESS LGPS pool have stated their intention to switch to Border to Coast, a move that would significantly increase the latter pool’s assets under management.
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NewsRailpen launches AI governance framework for investors and companies
Railpen has teamed up with Chronos Sustainability to translate principles for the responsible use of artificial intelligence technologies into an investor-ready assessment and engagement tool.
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NewsRolls-Royce DB scheme fully insured after £4.3bn PIC buy-in
The deal is the biggest single transaction announced this year and follows a 2019 buy-in of a similar size for the Rolls-Royce DB pension scheme.
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NewsLogistics firm locks in £7.2m buy-in for DB scheme with L&G
The deal covers 122 deferred members of the WCF Ltd Staff Retirement Benefits Scheme, and was completed in less than five months, according to lead adviser Gallagher.
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NewsCivil Service pension administration ‘could collapse’, union warns
The Public and Commercial Services union has been in dispute with MyCSP about its planned transition to Capita – a process the National Audit Office says is missing targets.
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NewsMercer parent insures broker’s pension fund for £1.9bn with Standard Life
Standard Life has insured the Sedgwick Section of the MMC UK Pension Fund in a bulk annuity transaction worth £1.9bn – the insurer’s biggest single deal since entering the market in 2018.
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NewsNational Grid insures DB scheme through £900m buy-in with Rothesay
The transaction is the third buy-in the energy company has completed, following deals in 2019 and 2020, and brings the total liabilities insured to £4.5bn.
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NewsEverton FC wins Living Pension accreditation
Everton is the first Premier League football club to be awarded Living Pension accreditation, which reflects high employer contributions and minimum annual savings targets.
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NewsNest seeds £550m mandate for sustainable timber in diversification push
The UK’s biggest master trust has awarded a timberland mandate to US-based BTG Pactual, the second manager it has appointed in this asset class.
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NewsOnly half of baby boomers are retirement ready, research shows
Middle-income workers approaching retirement are most at risk of falling short of their pension income goals, according to new research from Vanguard.
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NewsPensionBee launches petition for 10-day switch guarantee to end ‘pension purgatory’
Research from the pension consolidator has found that two-thirds of customers believe slow transfers can inhibit retirement planning.
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NewsACCESS partner funds will disband, pool acknowledges
The LGPS funds in the ACCESS and Brunel pools have until 30 September to decide on a new partner after the government’s decision to move from eight pools to six.
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NewsTPR industry working group to scrutinise ‘practical approaches’ to climate change
The Pensions Regulator is seeking feedback by 1 September on current practices and challenges to inform the industry working group’s approach.
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NewsStop tweaking and start transforming pensions, says tech provider
UK policymakers must rethink the meaning of pension adequacy and use established solutions as benchmarks to deliver better retirement outcomes, according to Festina Finance, a European pension administration technology provider.
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NewsBrookfield to enter UK market through £2.4bn Just Group acquisition
North American insurance giant Brookfield will buy Just Group in a £2.4bn deal to establish itself in the UK bulk annuity market.
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NewsSmart invests in renewable energy strategy as part of private markets push
The £330m move will see the master trust support innovative companies like Kensa, which manufactures ground source heat pump technology.
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NewsPension funds under pressure to tackle hidden modern slavery risks
IFM Investors warns that opaque supply chains and weak enforcement are allowing modern slavery to persist in pension portfolios – and calls for coordinated action across the investment ecosystem.
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NewsBritish Heart Foundation completes £37m buy-in with Royal London
The charity has insured the benefits of more than 200 members through a transaction that was completed in just 14 working days.
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NewsNest, Smart and XPS join dashboard ecosystem
Three more major pension providers have confirmed successful connections to the pensions dashboards ecosystem, as staging deadlines approach and regulatory scrutiny intensifies.