Trustees are increasingly using buy-ins to reduce pensioner liabilities. But, as James Phillips discovers, they could be failing to extract maximum value from these deals.

The industry has welcomed The Pensions Regulator's (TPR) revised definition of professional trustee, but has warned all trustees to be aware of the updated monetary penalty policy.

This week's top stories included Tom McPhail calling on occupational pension schemes to get involved in a working group attempting to reduce delays in transfers.

Government-backed liabilities in the Royal Mail Statutory Pension Scheme (RMSPS) rocketed more than £8bn over the year to 31 March, according to Cabinet Office documents.

Defined benefit (DB) schemes will offload around £700bn of liabilities to insurers over the next 15 years, latest analysis by Hymans Robertson has suggested.

The Pensions Regulator (TPR) has revised its definition of a 'professional trustee' as it moves to improve standards and introduce accreditation of the role.

Scottish and Southern Energy (SSE) has entered into two buy-ins with Pension Insurance Corporation (PIC), and a longevity swap with Legal & General (L&G).

Has had 'positive' dialogue with FCA

This week we want to know if the current emergency tax code system for pension freedom withdrawals should be replaced to avoid over-taxation.

Trustees of pension schemes of all sizes are spending more time on their roles yet are on average being paid less, latest analysis from PwC has suggested.