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  • Events
    • Upcoming events
      event logo
      Admin & Data Forum 2021

      This concise half-day event will explore a variety of different issues affecting scheme managers, through a combination of informative presentations and interactive panel debates, including GMP equalisation, the pensions dashboard, the accuracy and quality of members data and the latest trends in scheme administration.

      • Date: 04 Mar 2021
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      Defined Benefit Consolidation Conference

      Professional Pensions is hosting this concise digital event on the 25th March to provide a crucial update on where the current regulation stands on DB Consolidators, assess the different models available, what the expected funding levels are and the governance requirements. This event will be a combination of short presentations followed by live Q&A’s with our expert speakers allowing plenty of time to answer your questions.

      • Date: 20 Apr 2021
      • Digital Conference
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      Sustainable Investment Festival 2021

      The Sustainable Investment Festival will run online from 22-25 June and will include thought-provoking presentations from renowned keynote speakers, innovative breakout events and sessions specifically tailored to meet the information needs of fund selectors, financial advisers, pension consultants, trustees and scheme managers.

      • Date: 22 Jun 2021
      • Online, Online
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      UK Pensions Awards 2021

      The UK Pensions Awards – now in their 24th year – remain the industry's most prestigious accolades. They shine the light on excellence and recognise the advisers, providers and investment managers that offer the highest level of innovation, performance and service to occupational pension schemes and their members, and have done the most to improve this over the past year.

      • Date: 14 Sep 2021
      • London
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  • Whitepapers
    • How DC schemes can gain exposure to different asset classes in a low-return environment

      So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap,' ‘pension freedoms' or consultations around ‘value for money', says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).

      Download
      Pension freedoms three years on

      In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.

      Download
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    You are currently accessing ProfessionalPensions via your Enterprise account.

    If you already have an account please use the link below to sign in.

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Risk Reduction

CMI finds modest fall in cohort life expectancy after zero-weighting Covid data
CMI finds modest fall in cohort life expectancy after zero-weighting Covid data

The Continuous Mortality Investigation (CMI) has found a lower cohort life expectancy for both men and women in its 2020 table, even after zero-weighting data related to Covid.

  • Risk Reduction
  • 04 March 2021
Rothesay agrees £120m buy-in with Reach
Rothesay agrees £120m buy-in with Reach

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

  • Risk Reduction
  • 01 March 2021
MetLife reinsures $5bn of Rothesay liabilities
MetLife reinsures $5bn of Rothesay liabilities

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

  • Risk Reduction
  • 26 February 2021
Industry Voice: The bulk annuity market for small schemes
Industry Voice: The bulk annuity market for small schemes

Although 2020 was a challenging year, Aon's Dave Barratt says the bulk annuity market was very resilient, with a well-functioning insurance market, large volumes of business written and 2020 finishing up as the second busiest year on record.

  • Risk Reduction
  • 25 February 2021
Long-term Covid uncertainty makes longevity hedging more valuable
Long-term Covid uncertainty makes longevity hedging more valuable

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.

  • Risk Reduction
  • 25 February 2021
Rothesay secures £7bn of pension benefits
Rothesay secures £7bn of pension benefits

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

  • Risk Reduction
  • 23 February 2021
Deutsche Bank agrees £570m buy-in with L&G
Deutsche Bank agrees £570m buy-in with L&G

Deutsche Bank AG has agreed a £570m pensioner buy-in with Legal & General for the defined benefit (DB) (UK) Pension Scheme.

  • Risk Reduction
  • 16 February 2021
Insurers set to reach FTSE heights with £1trn of pension risk transferred in ten years
Insurers set to reach FTSE heights with £1trn of pension risk transferred in ten years

Around £1trn of pension risk could be insured by just over a decade’s time as bulk annuity volumes grow rapidly, also boosting insurers’ rankings in the FTSE 100, according to Hymans Robertson.

  • Risk Reduction
  • 11 February 2021
Carillion scheme agrees £150m PPF+ buyout with L&G
Carillion scheme agrees £150m PPF+ buyout with L&G

The Mowlem (1993) Pension Scheme has secured the benefits of around 1,000 members in a buyout with Legal & General (L&G) offering income above compensation levels.

  • Risk Reduction
  • 09 February 2021
RPI reform certainty drives hedging increase
RPI reform certainty drives hedging increase

Pension schemes increased their inflation hedging in the final quarter of 2020 as major issues were concluded in a “momentous geopolitical quarter”.

  • Investment
  • 08 February 2021
L&G completes £7bn of bulk annuities in 2020
L&G completes £7bn of bulk annuities in 2020

Legal & General (L&G) agreed over £7bn of buy-ins and buyouts with UK schemes over the course of 2020, it has confirmed.

  • Risk Reduction
  • 03 February 2021
Aberdeen transport fund completes £230m LGPS buy-in with Rothesay
Aberdeen transport fund completes £230m LGPS buy-in with Rothesay

The Aberdeen City Council Transport Fund has agreed a £230m buy-in with Rothesay in the insurer’s first deal with a Local Government Pension Scheme (LGPS) fund.

  • Risk Reduction
  • 27 January 2021
L&G agrees £400m deal with own scheme
L&G agrees £400m deal with own scheme

The Legal & General (L&G) Group UK Senior Pension Scheme has agreed an assured payment policy (APP) deal with its insurer sponsor.

  • Risk Reduction
  • 26 January 2021
Evonik scheme completes £544m full buy-in with L&G
Evonik scheme completes £544m full buy-in with L&G

The defined benefit (DB) scheme of Evonik Holdings UK has agreed a £544m full buy-in with Legal & General (L&G) Assurance Society.

  • Risk Reduction
  • 19 January 2021
Exclusive: Market volatility to spur £30bn of buy-ins and buyouts in 2021
Exclusive: Market volatility to spur £30bn of buy-ins and buyouts in 2021

Pension risk transfer volumes this year will look similar to those in 2020 as market volatility creates opportunities for schemes able to act fast, according to Willis Towers Watson.

  • Risk Reduction
  • 19 January 2021
Pension Schemes Bill set for final debate next week
Pension Schemes Bill set for final debate next week

The Pension Schemes Bill has been scheduled for ping-pong, its penultimate step before becoming law.

  • Risk Reduction
  • 15 January 2021
Marie Curie completes £30m buy-in with L&G in first 2021 deal
Marie Curie completes £30m buy-in with L&G in first 2021 deal

The Marie Curie defined benefit (DB) scheme has entered into a circa £30m full scheme buy-in agreement with Legal & General (L&G) Assurance Society.

  • Risk Reduction
  • 14 January 2021
MetLife reinsures $2bn of Legal & General pension risk
MetLife reinsures $2bn of Legal & General pension risk

Metropolitan Tower Life Insurance Company has announced it completed four longevity reinsurance transactions with Legal & General (L&G) Assurance Society last year.

  • Risk Reduction
  • 12 January 2021
Navigating covenant and ESG in 2021 - what does the environment look like?
Navigating covenant and ESG in 2021 - what does the environment look like?

Michael Bushnell looks at the continuing impact of the pandemic on employer covenant and ESG risks, and how schemes can plan ahead.

  • Risk Reduction
  • 08 January 2021
Buy-in and buyout volumes to reach £30-£40bn in 2021; Superfund 'floodgate' may open
Buy-in and buyout volumes to reach £30-£40bn in 2021; Superfund 'floodgate' may open

Between £30bn and £40bn of pension risk is expected to be transferred to insurers via buy-ins and buyouts this year, Aon says.

  • Risk Reduction
  • 04 January 2021
Updated: The biggest buy-ins and buyouts announced since 2007
Updated: The biggest buy-ins and buyouts announced since 2007

There have now been a total of over 50 buy-in and buyout deals of over £500m announced since 2007. The full list is as follows...

  • Risk Reduction
  • 30 December 2020
Maersk agrees £1.1bn buy-in with L&G
Maersk agrees £1.1bn buy-in with L&G

The Maersk Retirement Benefit Scheme has agreed a £1.1bn buy-in with Legal & General (L&G) Assurance Society, protecting benefits for around 4,900 members.

  • Risk Reduction
  • 16 December 2020
BBC agrees £3bn longevity swap while Aon scheme completes £510m buy-in
BBC agrees £3bn longevity swap while Aon scheme completes £510m buy-in

The BBC Pension Scheme has completed a £3bn longevity swap deal with Zurich and Canada Life Reinsurance, covering the risk of pensioner and dependent members.

  • Risk Reduction
  • 15 December 2020
Aon agrees £510m buy-in with Scottish Widows
Aon agrees £510m buy-in with Scottish Widows

The Aon Retirement Plan has completed a £510m pensioner buy-in with Scottish Widows, insuring members in the Aon Bain Hogg Pension Scheme section.

  • Risk Reduction
  • 15 December 2020
123

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Chancellor Sunak 'likely' to freeze lifetime allowance
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KPMG employer covenant team acquired by private equity firm H.I.G Europe
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DB funding - February 2021: Gilts-plus deficit eliminated, says PwC
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