Schroders has launched a multi-private credit fund (MPCF) for UK defined benefit (DB) schemes in response to growing demand for long-term and alternative income streams.

Trustees must know the signs of sponsor distress and be prepared to act quickly as the “first line of defence” for savers, The Pensions Regulator (TPR) has warned.

Former BHS owner Dominic Chappell potentially faces his fourth personal bankruptcy in order to pay £9.5m of contributions he owes to the failed retailer’s pension schemes.

The Prudential Staff Pension Scheme has entered into a £3.7bn longevity swap with Pacific Life Re, insuring the longevity risk of over 20,000 pensioners.

The Baker Hughes (UK) Pension Plan has secured approximately £100m of liabilities through a buy-in with Just Group.

The Reckitt Benckiser Pension Fund has secured a £415m buy-in with Scottish Widows, insuring the benefits of around half of pensioners.

Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the October 2020 estimates on the various measures…

Just Group has insured £22m of benefits for pensioners at two unnamed schemes, with support from K3 Advisory and Cartwright Benefit Solutions.

Deloitte has expanded its pensions business with the acquisition with the pension administration and actuarial consultancy business of Kerr Henderson.

Former BHS owner Dominic Chappell has been given a six-year prison sentence for failing to pay tax on income from his purchase of the failed retail giant.