With demand for bulk annuities predicted to reach £350bn by 2026, supply may not be able to keep up, which could push up pricing. Kristian Brunt-Seymour looks at whether it is an issue and what it means for schemes.
Ian Scott has joined the Pension Protection Fund (PPF) in a new role as head of investment strategy.
Pitmans Trustees (PTL) has appointed Lesley Peek as client manager to oversee the day-to-day management and governance of defined benefit (DB) and defined contribution (DC) schemes.
Margaret Snowdon has been appointed by HM Treasury to join the steering group for the pensions dashboard prototype project.
The most popular stories were a potential RAA for British Steel Pension Scheme if the government shelves plans to change pension law, and Treasury plans to launch the pensions dashboard by next Spring.
The Pension Protection Fund (PPF) has launched a consultation on changes to actuarial assumptions in valuations used in sponsor insolvencies and to determine risk-based levies.
The total funding level of the Pension Protection Fund (PPF) 7800 index has worsened for the fourth month in a row, after further gilt yield falls.
The Pensions Management Institute (PMI) will assess the Workplace Pensions Trailblazer Apprenticeship.
Nearly three-quarters (73%) of staff would welcome monthly pension checks during work hours according to Aegon research.
Associated British Foods (ABF) expects its defined benefit (DB) scheme to have a £200m deficit by the end of 2016 due to tumbling bond yields.
People's optimism in their retirement saving plans has dropped since Brexit according to research by Scottish Widows.
Aegon has warned of a retirement shortfall for the bereaved as pre-retirees are increasingly not arranging for pension payments to go to their partners after death.
Struggling sponsoring employers of defined benefit (DB) schemes should not be allowed to suspend annual pension increases according to PP research.
The number of bulk annuity market participants is expected to rise by 57% over the next five years according to Barnett Waddingham.
The total deficit for defined benefit (DB) schemes reached £710bn on a funding basis by 29 August amid further falls in gilt yields.
Pirelli has completed a longevity swap transaction with Zurich for £600m of liabilities across its two main defined benefit (DB) pension schemes.
Only 11 companies in the FTSE 250 provide defined benefit (DB) pensions for a significant number of employees, according to JLT Employee Benefits.
Deferred members dominate the DB universe but the high cost of insuring them makes bulk annuities out of reach for many schemes, even more so since the introduction of Solvency II. Kristian Brunt-Seymour explores what schemes can do.
The Pension Protection Fund (PPF) has published its latest restructuring principles and guidance for insolvency professionals.
Nestlé has agreed a deal with trade unions to secure its £3.8bn career average defined benefit (DB) scheme after the company had tried to close it down.
Over 2500 members of Halcrow Pension Scheme have agreed to transfer into a new scheme that lowers benefits but keeps them out of the Pension Protection Fund (PPF).
This week's biggest stories included Lloyds' trade union taking legal action over GMP equalisation, a same sex partner benefits appeal case, and asset managers arguing hidden fees are the 'Loch Ness Monster of investments'.
The telephone is the least popular way to communicate with a prospective client, according to PP research.
Buy-in and buyout deals slowed down in the first six months to £2.7bn, which is just over half of business written in H1 last year, according to LCP.
Scottish Power has completed a longevity swap with Abbey Life to hedge £1bn of liabilities, covering 4,000 pensioners in the Manweb section of the Electricity Supply Pension Scheme.
Amec Foster Wheeler has merged its two main defined benefit (DB) schemes into a defined contribution (DC) arrangement after closing the biggest fund to future accrual.
More than 200,000 companies have completed their workplace pension automatic enrolment (AE) duties according the Pensions Regulator (TPR).
Defined benefit (DB) pension schemes could have access to much-needed cash flow through a short-term equivalent of a buy-in service, according to PwC.
Defined benefit (DB) deficits at FTSE350 companies have swelled by £34bn since 2010 despite £15bn being paid into them annually.
Royal Bank of Scotland's (RBS) defined benefit (DB) pension scheme has reached 120% funding after the bank made a big cash payment to plug its deficit hole.
Andy Agathangelou has left the Friends of Auto Enrolment (FAE) two and half years after founding the association for the Chartered Institute of Payroll Professionals (CIPP).
Damning research by the Pensions Institute has uncovered a number of ways by which sponsoring employers can shed or avoid their defined benefit (DB) deficits.
Royal Bank of Scotland (RBS) has resumed talks with unions over national insurance (NI) contribution costs being passed onto its 27,000 defined benefit (DB) scheme members.
The government should give the regulator more powers to prevent companies from avoiding defined benefit (DB) deficits, according to a Pensions Institute report.
The former chairwoman of the Pension Protection Fund (PPF) has called for the removal of the choice for employees to opt out of auto-enrolment (AE).
Trinity Mirror Group's defined benefit (DB) pension deficit has increased by £120.8m to £426m in the past six months, driven by a fall in long-term interest rates.
The Financial Assistance Scheme (FAS) service will close to new applications from pension funds on 1 September.
Total deficits of UK defined benefit (DB) schemes have reached an all-time high for the sixth month in a row, according to JLT Employee Benefits.
Any surplus funds the Pension Protection Fund (PPF) accumulates should not be returned to the levy payers who provided them, according to almost 60% of respondents.
The industry has come up with various ways to solve the numerous challenges faced by DB schemes. Kristian Brunt-Seymour examines responses to the DB Taskforce's call for evidence.
The Halcrow Pensioners' Association (HPA) has withdrawn its Upper Tribunal challenge of the Halcrow Pension Scheme restructuring after facing the threat of spiralling legal costs.
Aegon has agreed an annuity referral partnership with Legal & General (L&G) as part of the insurer's plans to stop writing all new annuities in the fourth quarter.
Club Vita has joined forces with Legal & General (L&G) to make longevity insurance solutions more accessible for smaller defined benefit (DB) pension schemes.
Lack of consistency across defined contribution (DC) default funds may result in larger numbers of members opting out, Punter Southall Aspire has warned.
The Pensions Regulator (TPR) has published a discussion paper on how to drive up standards of pensions trusteeship and shape future regulatory policy.
The likelihood of the Pension Protection Fund (PPF) meeting its 2030 self-sufficiency target has risen to 93% in its 2015/16 report.
The Brexit vote has increased the strain on companies funding DB funds. Kristian Brunt-Seymour explores how schemes can contingency plan in the face of uncertainty.
The volume of bulk annuity deals written in the first half of 2016 was 40% smaller compared to the previous year, according to Aon Hewitt.