Scottish Widows has secured its second bulk annuity deal with a £54m buy-in for Barloworld UK Pension Scheme after the insurer entered the market last year.
Macquarie University has been appointed by the Life & Longevity Markets Association (LLMA) to lead a project on assessing basis risk for longevity transactions.
The Pensions Regulator’s (TPR) annual funding statement has discovered most employers will be able to keep or raise deficit contribution levels given their increased profitability.
Defined benefit (DB) scheme members need to be made more aware of the risks to their benefits according to the Pensions and Lifetime Savings Association's Ashok Gupta.
The trustees of the Aon Retirement Plan have concluded a buy-in with Pension Insurance Corporation (PIC) for around a third of the £3bn-4bn scheme.
IC Select has developed a standard to improve transparency and consistency of performance information across the fiduciary management sector.
After a solution to save the Halcrow’s DB scheme was ruled illegal by the High Court, the trustees are looking at an alternative option. Kristian Brunt-Seymour looks at the case.
Trustees relying on equities and gilt yields to improve are taking a big gamble and could result in a rush of schemes going bust, says Hugh Nolan.
The Philips UK Pension Fund’s £2.4bn buyout – concluded in November last year – was the largest of its kind ever completed in the UK market.
The aggregate funding level of defined benefit (DB) schemes of the FTSE 100 companies has fallen to 85%, according to JLT Employee Benefits.
Prudential Retirement Insurance and Annuity Company (PRIAC) and Legal & General (L&G) have completed their third longevity reinsurance transaction since October 2014.
PP explores the option of putting the British Steel scheme through the bulk annuity market.
Johnston Press has revealed how it cut its pension liabilities by £53m through a medically underwritten study to review assumed life expectancy of its members.
Smaller schemes are increasingly looking to benefit from longevity de-risking opportunities offered through swaps and bulk annuities, accordingly to JLT Employee Benefits.
The funding level of the 5,945 schemes in the Pension Protection Fund (PPF) 7800 index improved slightly to 81% by the end of March.
The Employer Covenant Working Group (ECWG) has announced its formal launch as it publishes a guide for advisers, trustees and sponsors of defined benefit (DB) schemes.
Aegon has sold a £6bn UK annuity portfolio to Rothesay Life in a bid to focus on expanding its investment platform.
PP looks at how the Just Retirement and Partnership merger could impact market competition.
Pension Insurance Corporation (PIC) has concluded a £300m buy-in with the trustees of the VA Tech UK Pension Scheme, including a retrocession to Siemens' captive reinsurer.
Matt Wilmington has joined Legal & General's (L&G) pension risk transfer business as director of strategic transactions.
Just Retirement and Partnership have finalised their merger to become JRP Group which will manage a total of more than £15bn assets.
Volatility of bulk annuity pricing is likely to continue in the coming months amid difficult market conditions according to Aon Hewitt.
The trustee of the Home Retail Group’s pension scheme has agreed its future funding with Sainsbury’s which is set to acquire the business from Argos.
The Kingfisher Pension Scheme has undergone a £230m medically underwritten buy-in with Legal & General (L&G) in a landmark deal for the bulk annuity market.