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  • Events
    • Upcoming events
      event logo
      Defined Contribution Conference

      Professional Pensions Defined Contribution virtual event, hopes to take stock of the last year, and ask the important questions; are members saving enough and have we improved the member journey at retirement? This two part digital event will provide you with the latest thinking and innovation in the DC market during our snappy 15 minute presentations, with plenty of time to ask questions during our live speaker Q&A.

      • Date: 27 Apr 2021
      • Digital Conference
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      Webinar: PP Talks - Fiduciary Management

      This PP Talks webinar will ask how fiduciary managers coped with the Covid-19 challenge, how fiduciary management clients generally fared, and the outlook for the year ahead.

      • Date: 05 May 2021
      • Webinar
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      Webinar: The challenges facing open DB schemes

      This webinar will help trustees and pension managers look at the challenges facing open DB schemes, specifically looking at the issues they could face as a result of The Pension Regulator’s new Funding Code of Practice and asking how this could affect the affordability of benefits, future service contributions, investment strategy and benefit design.

      • Date: 06 May 2021
      • Webinar
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      Webinar: Supporting members retirement plans as we emerge from the pandemic

      The pandemic has affected the retirement plans of many. Some have been forced into an early retirement because of redundancy, whilst others have delayed retirement due to their pension losing value. Those who have struggled with a reduced household income, have even been dipping into their pensions whilst still working to make up for the shortfall.This webinar will uncover the steps that can be taken to support pension scheme members in the lead up to and at retirement.

      • Date: 11 May 2021
      • Webinar
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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.

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Risk Reduction

ABI agrees £26m buy-in with Aviva
ABI agrees £26m buy-in with Aviva

The Association of British Insurers (ABI) Pension & Assurance Scheme has insured benefits for 191 members in a £26m buy-in with Aviva.

  • Risk Reduction
  • 07 April 2021
Aviva completes £3m buyout of Shepherd Foods scheme
Aviva completes £3m buyout of Shepherd Foods scheme

The defined benefit (DB) scheme of Shepherd Foods (London) has completed a £3m buyout with Aviva, insuring the benefits of 13 pensioner and deferred members.

  • Risk Reduction
  • 06 April 2021
General Motors secures £53m bulk annuity transaction with Aviva
General Motors secures £53m bulk annuity transaction with Aviva

General Motors has agreed a £53m bulk purchase annuity transaction with Aviva for the Vauxhall Associated Companies Pension Fund (VACPF).

  • Risk Reduction
  • 25 March 2021
Rothesay agrees £6m buyout with aviation scheme
Rothesay agrees £6m buyout with aviation scheme

Rothesay has completed a £6m follow-on buyout with an unnamed aviation scheme, insuring benefits of eight pensioners and 31 deferred members.

  • Risk Reduction
  • 23 March 2021
PIC confirms £5.6bn of annuities in record risk transfer year
PIC confirms £5.6bn of annuities in record risk transfer year

Pension Insurance Corporation (PIC) concluded £5.6bn on bulk annuities in 2020 after recording just over £2.1bn in the second half of the year.

  • Risk Reduction
  • 18 March 2021
Axa agrees market's first ever deferred longevity swap with Hannover Re
Axa agrees market's first ever deferred longevity swap with Hannover Re

The Axa UK Group Pension Scheme has agreed a £3bn longevity swap with Hannover Re, insuring the longevity risk of a largely non-pensioner population.

  • Risk Reduction
  • 18 March 2021
List: The biggest UK longevity swaps
List: The biggest UK longevity swaps

There have now been a total of 33 longevity swaps over £1bn publicly announced. The full list, provided by Willis Towers Watson and through PP research, is as follows...

  • Risk Reduction
  • 18 March 2021
Just completes £1.5bn of bulk annuities and sets sights on bigger deals
Just completes £1.5bn of bulk annuities and sets sights on bigger deals

Just Group completed 23 buy-in and buyout transactions at a total volume of £1.5bn over the course of 2020, according to its annual results.

  • Risk Reduction
  • 16 March 2021
Civil Aviation Authority and Sydney Packett & Sons agree bulk annuities with L&G and Aviva
Civil Aviation Authority and Sydney Packett & Sons agree bulk annuities with L&G and Aviva

The Civil Aviation Authority (CAA) and Sydney Packett & Sons have agreed bulk annuity deals for their pension schemes with Legal & General (L&G) respectively.

  • Risk Reduction
  • 09 March 2021
Zero-carbon transition can provide better returns than gilts, says Lord Adair Turner
Zero-carbon transition can provide better returns than gilts, says Lord Adair Turner

The switch to a zero-carbon economy provides the opportunity for attractive returns for pension funds, even if they are "not shoot the lights out returns", says Lord Adair Turner.

  • Risk Reduction
  • 09 March 2021
Phoenix concludes £2.5bn of bulk annuities after £730m buy-in with own scheme
Phoenix concludes £2.5bn of bulk annuities after £730m buy-in with own scheme

Phoenix Group completed £2.5bn of buy-ins and buyouts over the course of 2020, including a bulk annuity deal with one of its own schemes.

  • Industry
  • 08 March 2021
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
123

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