Risk Reduction

The EC De Witt pension scheme has entered a buyout with Pension Insurance Corporation (PIC) after its parent company was bought by a private equity firm.

The Royal Mail Pension Plan's (RMPP) surplus has risen by £1.5bn in 12 months, according to the postal service's annual report.

Just Retirement and Partnership have seen sales of individual annuities collapse in the months running up to the introduction of the pension freedoms.

Insurers completed just £800m of buyouts and buy-ins in the first quarter of the year, according research from LCP, far below the £4.4bn written in the first quarter of 2014.

Total deficits of defined benefit (DB) schemes in the Pension Protection Fund's (PPF) 7800 index fell 17% in April.

Top stories this week include concern over proposals to force schemes to sign the Stewardship Code, the end of a six-and-a-half year legal wrangle, and four escalating fines from TPR.

Lehman Brothers Pension Scheme has secured a £675m buyout with Rothesay Life, ensuring that all members will get their pensions in full, six and a half years after its sponsor went bust.

The Eleco pension scheme is close to being taken into the Pension Protection Fund (PPF) following a major restructuring of the company.

Guy Freeman says rising rates could be the silver lining for companies with defined benefit schemes

Renold's defined benefit (DB) pension scheme has entered a buy-in to fully de-risk around 25% of its UK pensioner liabilities.