The BMW UK Operations Pension Scheme has insured £3bn of its liabilities with Deutsche Bank subsidiary Abbey Life.
The deal is the largest ever scheme longevity insurance deal to date. Abbey Life used the proprietary longevity models and structuring capabilities of Paternoster, the pensions insurer in which Deutsche...
Schemes were urged to see the post referendum environment as a “world of opportunity” by an investment panel at PBUK.
The Pensions Regulator (TPR) does not recognise success by how often it uses its anti-avoidance powers, says Lesley Titcomb.
Employers are being encouraged to use advancing technology to provide employees with more personalised and optimal benefits.
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.