With demand for bulk annuities predicted to reach £350bn by 2026, supply may not be able to keep up, which could push up pricing. Kristian Brunt-Seymour looks at whether it is an issue and what it means for schemes.
Defined benefit scheme (DB) trustees and sponsors need to think more about how factors such as vaping and obesity will affect longevity risk, according to Mercer.
Legal & General's (L&G) pension risk transfer business has hired Frankie Borrell from Partnership.
The Pension Protection Fund (PPF) has launched a consultation on changes to actuarial assumptions in valuations used in sponsor insolvencies and to determine risk-based levies.
Aon Hewitt has launched a broking service called Bulk Annuity Compass to help schemes with the purchase of a bulk annuity.
The British Steel Pension Scheme could seek to use a regulated apportionment agreement (RAA) if the government shelves controversial plans to change pensions law to help the scheme.
Deficits could be reduced by hundreds of billions of pounds if schemes were able to move away from the Retail Prices Index (RPI).
The total funding level of the Pension Protection Fund (PPF) 7800 index has worsened for the fourth month in a row, after further gilt yield falls.
Associated British Foods (ABF) expects its defined benefit (DB) scheme to have a £200m deficit by the end of 2016 due to tumbling bond yields.
Floor coverings manufacturer AIREA has cut its defined benefit (DB) scheme deficit after completing a pension increase exchange (PIE) exercise.