Record lows in gilt yields have pushed up the liabilities of UK defined benefit (DB) schemes to an all-time high of £2.3trn following Britain's decision to leave the EU.
Defined benefit (DB) scheme liabilities are likely to rise after 10-year gilt yields fell below 1% today for the first time ever following last week’s Brexit vote.
The belief that maturing DB schemes should automatically move into bonds and gilts is being increasingly challenged. Kristian Brunt-Seymour explores alternatives to the traditional de-risking model.
The combined deficit of UK defined benefit (DB) pension schemes has hit £900bn following Britain's historic decision to leave the EU.
Parts of the bulk annuity market are showing less appetite for buyouts of smaller schemes despite improvement in pricing for full scheme buyouts.
The amount of hedged defined benefit (DB) liabilities grew to £741bn by the end of 2015 according to KPMG.
While moving to CPI indexation can significantly reduce scheme liabilities, it can make buy-ins and buyouts more expensive. Kristian Brunt-Seymour finds pricing has slightly improved but still has a long way to go
Leeds University Business School (LUBS) has partnered with Aon Hewitt to investigate how behavioural economics affect the decisions of defined benefit (DB) scheme trustees.
More than two thirds of pension professionals have said the Pension Protection Fund (PPF) and the Pensions Regulator (TPR) should be combined, according to a survey.
CH2M has warned criticism from the Halcrow Pensioners Association (HPA) over its rescue plan for the Halcrow scheme goes against the best interests of members.
The ICI Pension Fund has completed a £630m buy-in covering over 4,000 of its members with Scottish Widows.
Prudential Insurance Company of America (PICA) has completed its third longevity reinsurance deal with the Pension Insurance Corporation (PIC) for the Aon Retirement Plan.
Proposed plans to curb Halcrow Pension Scheme (HPS) benefits have been called into question by the Halcrow Pensioners Association (HPA).
CH2M has announced proposed plans to curb benefits for the 3,300 members of the beleaguered Halcrow Pension Scheme (HPS).
Longevity risk remains a top concern for a quarter of pension professionals according to research by State Street.
A guide has been published to help trustees and other industry professionals understand how medical underwriting can be used to de-risk defined benefit (DB) schemes.
The UK has a sophisticated longevity risk management market but it will need to develop further to meet challenges says Charlotte Moore.
Total deficits of defined benefit (DB) schemes exceeded £300bn for the first time in May reaching record levels, according to JLT Employee Benefits.
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.