The flurry of transactions announced in December made 2013 a bumper year for longevity swaps.
Three big deals (see below) took the value of liabilities covered in the year to just under £9bn. Early indications are that 2014 will see more of the same with insurers reporting strong pipelines,...
Newspaper publisher Reach has requested discussions with the trustees of its pension funds to defer deficit recovery contributions (DRCs) to shore up finances during the coronavirus pandemic.
Debenhams has missed its April deficit recovery contribution (DRC) to its staff pension schemes as the struggling high street retailer files a notice of intent to appoint administrators amid the Covid-19 crisis.
The Local Government Pension Scheme (LGPS) has gone live with a cost transparency compliance system and has on-boarded all UK schemes onto the platform.
Against a Covid-19 backdrop of deteriorating funding positions and reduced ability to pay DRCs, Alistair Russell-Smith looks at key actions for scheme sponsors.
Castings has agreed a £72m buy-in contract for its two defined benefit pension schemes with Aviva.