Professional Pensions rounds up some of the latest tender news from across the industry.

Universities Superannuation Scheme (USS) has reported a technical provisions deficit of between £14.9bn and £17.9bn as of 31 March 2020, and delayed its valuation as it considers how to proceed.

Three-quarters of pension scheme members want guidance before drawing down on their pension pot, according to a survey from The People’s Pension.

Rothesay has concluded a £120m buy-in with the West Ferry Printers Pension Scheme, covering all remaining pensioner and deferred liabilities.

The Metropolitan Tower Life Insurance Company (MetLife) has reinsured approximately $5bn (£3.6bn) of Rothesay pension liabilities.

DB scheme consolidator Stoneport hopes to get 100 schemes signed up by the end of next year, but employer covenant will be vital, chief executive Richard Jones tells James Phillips.

Law Debenture posted £11.5m of revenue in its pension business in 2020, growth of 8.3% on the prior year, with its governance service receiving enhanced activity.

The uncertainty surrounding the potential impact of so-called long Covid and behavioural changes heightens the need for schemes to increase their longevity hedging, says Prudential Financial.

Scottish Widows’ workplace pension assets hit £68bn at the end of 2020, comprising almost half of its total £113bn of open book assets under administration.

Rothesay wrote £7bn of bulk annuity business over the course of last year, with 12 further schemes now benefitting from the insurer’s policies.