All XPS Pensions Group articles – Page 3
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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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NewsDefined benefit transfers fall to lowest level in four years
On the go: The number of defined benefit transfers has fallen to its lowest level since 2018, according to data from XPS Pensions Group.
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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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How will the new pension transfer restrictions work?
The new pension transfer rules coming into force on November 30 will bring added duties for pension scheme trustees, and will not be a panacea to prevent scams, specialists warn.
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NewsTelecoms group appoints XPS as pensions adviser
On the go: The BT Group, which has both defined benefit and defined contribution plans including the £57.5bn BT Pension Scheme, has appointed XPS Pensions Group as pensions adviser.
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NewsGovernance burden does not translate into value, industry says
On the go: Pensions professionals have said the burden of the increased level of scheme governance is not worth the value it brings, a survey from XPS Pensions Group has found.
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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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NewsDB schemes faced with £46bn in extra liabilities as inflation spikes
On the go: Defined benefit schemes were hit by a £46bn spike in liabilities in September due to the fall in net interest rates, following the biggest hike in consumer prices since 1997 in August, according to analysis from XPS Pensions Group.
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NewsOnly a quarter of ESG funds receive green rating
On the go: There is still room for improvement for asset managers when it comes to environmental, social and governance investment funds, since only a quarter of these received a green score in analysis from pensions consultancy XPS.
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NewsDB schemes’ ESG policies misaligned with trustees’ intentions
On the go: Only 40 per cent of defined benefit pension scheme trustees believe that their scheme’s environmental, social and governance policy reflects their preferred approach in this area, new research has revealed.
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NewsDB transfer activity increases in June
On the go: Defined benefit transfer activity increased throughout June for the third month in a row, according to research from XPS Pensions Group.
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NewsChurch of Scotland schemes appoint XPS as joint adviser
On the go: The £507.5m Church of Scotland pension schemes, comprising the scheme for ministers and overseas missionaries, the scheme for staff and the scheme for ministry development staff, have appointed XPS Pensions Group as their actuarial and investment adviser.
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NewsDB pension scam warnings hit 5-month high
On the go: Defined benefit pension scam warnings increased in May to their highest level in five months, according to research from XPS Pensions.
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NewsThird of high-risk DB transfers would pass new scam test
On the go: One in three high-risk defined benefit transfers would not be flagged under new scam rules proposed by the government, according to research from XPS Pensions Group.
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NewsShipping agency scheme completes £17m buy-in with L&G
On the go: The John Good & Sons Limited Pension Scheme has agreed a £17m full scheme buy-in with Legal & General, covering the liabilities of more than 80 members.
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BoE adds to DB woes as stimulus struggles to ease covenant strain
On the go: The Bank of England's decision to slash its base interest rate to 0.25 from per cent 0.75 per cent will swell defined benefit liabilities, according to experts, who doubt the ability of monetary policy to ease covenant concerns but say Budget measures may offer some help.
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TPR starts DB countdown to ‘significant maturity’
The Pensions Regulator has launched a consultation on its long-trailed, twin-track defined benefit funding approach, seeking industry views on how to get the average scheme to low dependency within 15-20 years.
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DB transfer values hit all-time high
On the go: Defined benefit pension transfer values soared to an all-time high on August 21, according to the latest analysis from consultancy XPS Pensions.
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Fall in gilt yields drives transfer values to near record
On the go: The continuing fall in gilt yields is driving transfer values towards near record levels, according to XPS Pension Group.