Risk reduction

Monarch scheme to enter PPF after restructuring

Professional Pensions | 27 Oct 2014 | 13:45 | To read this article you must be a subsriber

The Monarch Airlines scheme will enter the Pension Protection Fund (PPF) after a restructuring which will see the lifeboat fund take a 10% stake in the scheme’s exiting sponsor.

Gatwick Airport planes taking off
Taking a risk with dice

L&G reinsures £1.35bn of longevity risk

Legal & General (L&G) has reinsured the longevity risk relating to £1.35bn of bulk annuity contracts with Prudential Retirement Insurance and Annuity Company (PRIAC).

Professional Pensions | 27 Oct 2014 | 13:04 | To read this article you must be a subsriber

Taking a risk with dice

Research Machines completes buy-in with PIC

The Research Machines scheme has entered into a £31m buy-in with Pension Insurance Corporation (PIC) to cover its pensioner members.

Professional Pensions | 23 Oct 2014 | 11:31 | To read this article you must be a subsriber

Risk Reduction Articles

two businesspeople shaking hands

Panasonic completes buyout of UK scheme

Panasonic has completed a deal with Rothesay Life to buyout its UK scheme using a deferred premium structure.

Professional Pensions | 22 Oct 2014 | 12:29 | To read this article you must be a subsriber

unilever

Unilever scheme agrees £129m buy-in

The Uniac Pension Fund, which provides benefits for Unilever workers seconded overseas, has agreed a £129m buy-in with Legal & General (L&G) to cover its pensioner members.

Professional Pensions | 21 Oct 2014 | 13:12 | To read this article you must be a subsriber

analysis-pen-numbers

PPF updates valuation guidance

The Pension Protection Fund (PPF) has updated its guidance on valuations for schemes with insolvent sponsors.

Professional Pensions | 16 Oct 2014 | 17:28 | To read this article you must be a subsriber

Bag of money

Buyout market to exceed £20bn by 2020

The bulk annuity market will hit £20bn in the next few years, driven by growing appetite from insurers and the maturing of defined benefit (DB) schemes, says KPMG.

Professional Pensions | 16 Oct 2014 | 10:41 | To read this article you must be a subsriber

Mobile spectrum antenna

Ofcom completes fifth buy-in with L&G

The Ofcom Staff Pension Plan has secured a £50m buy-in with Legal and General (L&G), covering approximately 30 pensioners and 320 deferred members.

Professional Pensions | 15 Oct 2014 | 11:56 | To read this article you must be a subsriber

Clive Wellsteed at LCP

LCP adds buy-in price tracker to daily valuation tool

LCP has added a buy-in pricing tracker to its online valuation tool which uses up-to-date information from the biggest insurers to help clients make de-risking decisions.

Professional Pensions | 15 Oct 2014 | 10:31 | To read this article you must be a subsriber

tim-coulson

Just Retirement completes £75m buy-in

Just Retirement has completed its biggest bulk annuity deal to date, a £75m buy-in with an unnamed scheme.

Professional Pensions | 14 Oct 2014 | 16:54 | To read this article you must be a subsriber

meetings

LGIM enters fiduciary management market

Legal and General Investment Management (LGIM) has launched a fiduciary management service alongside a set of funds aimed at schemes targeting a buyout.

Professional Pensions | 13 Oct 2014 | 13:29 | To read this article you must be a subsriber

alan-rubenstein

PPF sets levy estimate at £635m for next year

The Pension Protection Fund (PPF) has set its levy estimate for 2015/16 at £635m, 10% lower than this year’s total, and said there could be further reductions to come.

Professional Pensions | 06 Oct 2014 | 12:05 | To read this article you must be a subsriber

Arrow Chart

Increasing longevity assumptions add 1.8% to DB liabilities

UK schemes have increased longevity assumptions by six months in the last three years, according to research from Mercer.

Professional Pensions | 29 Sep 2014 | 13:12 | To read this article you must be a subsriber

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Pensions library

a-guide-to-pensions-stability-cover-page

A guide to Pensions Stability

 

This guide to Pensions Stability explores the new financial and operational model for defined benefit (DB) pension schemes. Pension schemes are still being run with far greater risk than is necessary and there is an opportunity to create a more stable pensions environment for trustees and sponsors.

joint-institute-pensions-survey-2014-imageset

Joint institute pensions survey 2014

 

This inaugural survey among 326 members of the Chartered Institute of Personnel and Development (CIPD) and the Pensions Management Institute (PMI) asked whether auto-enrolment will deliver on its goals; if contribution rates for employees and employers need to rise; and whether pensions tax relief needs further reform.

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