Risk Reduction
Risk Reduction
BT will pay £1.5bn into its defined benefit (DB) pension scheme by April to tackle a £7bn deficit as part of an agreed recovery plan with the trustees.
30 January 2015
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Risk Reduction
Rothesay Life has revealed it agreed a deal to hedge £300m of longevity risk in December, taking the value of benefits reinsured by the firm over the year to £2.8bn.
15 January 2015
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Risk Reduction
Engineering solutions provider Costain Group has taken further steps to manage obligations in its legacy defined benefit (DB) scheme.
07 January 2015
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Risk Reduction
The trustee of the Merchant Navy Officers Pension Fund (MNOPF) has hedged the longevity risk for £1.5bn of the scheme's members.
07 January 2015
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Defined Benefit
The collective deficit of FTSE 350 defined benefit (DB) pension schemes increased 91% last year, according to research.
06 January 2015
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Defined Benefit
Deficits of workplace defined benefit schemes have risen by 66% since the end of 2013 as a result of plummeting bond yields, according to JLT Employee Benefits' monthly index.
02 January 2015
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Risk Reduction
Rothesay Life has hedged the longevity risk relating to £1bn of its pension liabilities in a series of deals with Pacific Life Re.
19 December 2014
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Risk Reduction
Pension Insurance Corporation (PIC) has reinsured the longevity risk relating to £2bn of liabilities with Hannover Re and Reinsurance Group of America this year.
15 December 2014
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