All News articles – Page 3
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Lloyds ringfences £5.1bn with two longevity swaps
Two defined benefit (DB) pension schemes sponsored by Lloyds Banking Group have agreed longevity insurance and reinsurance arrangements.
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TPR could reduce master trust capital reserves amid drive to cut regulatory burden
Most master trusts are profitable and less likely to fail than they were when the regulatory regime was established in 2019, according to the regulator’s chief executive.
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Scottish Widows embeds sustainability into new lifetime pension offering
Scottish Widows has revamped its largest default fund to target a higher exposure to growth assets and embed sustainability targets.
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Three quarters of pension savers lack access to adequate technology from providers
New research from Bravura Solutions unearths a worrying lack of pensions technology that is hampering engagement.
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Dashboard coalition disbands amid concerns over high regulatory bar
Industry experts are concerned that private sector pension dashboards may never happen as the expected regulatory framework is too onerous and uncertain.
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Spring Statement: All quiet on the pensions front – but state pension concerns loom large
While the Spring Statement brought no new developments for the pension sector, the UK’s fragile economic and fiscal situation means the state pension is under increasing scrutiny, as Pensions Expert explores.
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Barnett Waddingham acquired by Howden as consultant consolidation continues
The deal boosts Howden’s employee benefits proposition and follows several other acquisitions in the consulting space, including Mercer and Cardano, Gallagher and Redington, and Isio and K3 Advisory.
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Report examines how to benchmark private markets as demand reshapes sector
A lack of usable benchmarks is proving to be a barrier to pension schemes aiming to introduce private markets assets into their strategic asset allocation, according to research by Bfinance.
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10 years of pension freedoms: How people are accessing their retirement savings
A decade on from the introduction of pension freedoms, new research reveals that many eligible savers opted to withdraw from their pension under these rules without seeking any advice at all.
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BT Pension Scheme agrees longevity swaps worth £10bn
The UK’s largest corporate defined benefit (DB) pension scheme has struck two longevity reinsurance deals worth a combined £10bn.
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Scrap triple lock to soften welfare cuts blow, says think tank
Rachel Reeves should scrap the triple lock on the state pension in order to relax some of the government’s recent “contentious” welfare cuts, according to a think tank.
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Mining giant Anglo American seals triple buy-in with L&G
L&G has completed £1.2bn worth of bulk annuity deals so far this year and is “actively pricing” on other deals worth a combined £17bn.
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USS overhauls responsible investment approach
The pension scheme’s revitalised multi-pronged sustainability strategy is partly dependent on government policy coordination.
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Survey shows artificial intelligence use is growing across the pensions industry
The use of artificial intelligence technology in the pensions sector is expected to increase dramatically over the next decade, with 41% of professionals expecting it to be used in up to half of their firm’s services.
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Church of Scotland completes £75m buy-in with Just Group
Just Group has completed a multi-scheme buy-in with the Church of Scotland Pension Scheme, worth a total of £75m. The transaction, which completed in December 2024, insures the benefits of around 2,350 members and dependants in three sections across two pension schemes. The largest deal involved a £40m buy-in for ...
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ACCESS awards more private markets mandates
European and US mandates have been awarded to Arcmont Asset Management and Golub Capital, respectively.
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Pension Investment Review seeks scale – but not at any cost
The Pensions Investment Review will not undermine freedom of investment choice, nor will it threaten fiduciary duty, according to the person overseeing the project for the Treasury.
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What Canada’s pension funds can teach UK DC ‘megafunds’
There is no such thing as a Canadian pension fund model, according to an international pension and investment expert at the Pensions and Lifetime Savings Association’s investment conference.
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PLSA rolls out new vote reporting standards for asset managers
Pension schemes and asset managers have been urged to adopt a new vote reporting template to improve transparency around shareholder engagement.
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PLSA Investment Conference: Lessons from overseas for DC engagement
The UK pensions industry must learn important lessons from defined contribution (DC) models around the world, in order to improve outcomes for savers.