Risk Reduction

The Pension Protection Fund (PPF) could end up facing a multi-million pound loss from UK Coal after the firm revealed it is in need of a bailout to avoid collapse.

LexisNexis has acquired tracing, data-cleansing and fraud prevention firm Tracesmart.

ITV has used its London Television Centre property to set up a 25-year partnership to fund its defined benefit (DB) scheme.

The Pension Protection Fund (PPF) has appointed Elaine Wiscombe to the newly-created role of head of operations ahead of plans to bring administration services in house later this year.

Partnership has agreed a £30m medically underwritten buy-in to insure the entire pensioner population of an unnamed manufacturer's scheme.

Pension Insurance Corporation (PIC) has appointed Elliot Varnell and William Coatesworth to its risk team.

The ICI Pension Fund trustees have entered into two buy-ins with Legal & General (L&G) and Prudential Retirement Income Services.

Schemes can expect to see more volatility over the next 12 months as the US continues to taper its asset purchase scheme, says Aon Hewitt head of global asset allocation Tapan Datta.

Sending out the message that decent pensions will become unaffordable in the UK as society ages is "irresponsible and almost certainly mistaken", says Barclays European chief investment officer Kevin Gardiner.

Medically underwritten annuity specialist Partnership wrote £84m in bulk annuity business in 2013 according to the company's annual results.