ITV agrees pensions ‘longevity swap' deal; ITV ripe for sale after £1.7bn pensions deal; ITV pays Credit Suisse to take on the risk on its pension scheme; Putting a cap on the cost of pensions both present and future; Expat pensioner exodus: would the...

G4S has closed its three UK defined benefit schemes to future accrual to limit the future growth of liabilities.

Persimmon has halved its pension fund deficit after switching from RPI to CPI to revalue benefits for deferred and pensioner members.

UK - The ITV pension scheme has entered into a £1.7bn ($2.8bn) longevity swap with Credit Suisse to fully hedge the longevity risk for 12,000 of its pensioner members.

Inflation worries rise among UK pensions; Banks shift assets to cut pensions deficits; Pension conundrum at UK banks; Pension funds ‘down £250bn and taking too many risks'; Stagecoach may face executive pay revolt

The ITV pension scheme has entered into a £1.7bn longevity swap with Credit Suisse to fully hedge the longevity risk for 12,000 of its pensioner members.

Headlam has halved its defined benefit deficit through a combination of an enhanced transfer value exercise for deferred members and additional contributions.

The conclusion of HM Revenue & Customs' consultation on tax-relief for asset-backed contributions will bring welcome clarity and make such arrangements accessible for smaller schemes, says PwC.

UK/US - Mercer has promoted Michael Dempsey to head up its investment management business for Europe, Middle East and Africa, replacing Tom Murphy who will take on a similar role in the US.

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