Risk Reduction
Average FTSE 100 scheme bond allocation rises to 64%
Almost two-thirds of FTSE 100 defined benefit (DB) pension schemes invest more than 50% of their assets in bonds, according to a report by JLT Employee Benefits.
Just Group's bulk annuity sales up 143% in H1
Bulk annuity deals transacted by Just Group totalled £718m in the first half of this year compared to £296m in H1 2017, according to its latest results.
Civil Aviation Authority completes £60m pension buy-in with PIC
Pension Insurance Corporation (PIC) has completed a £60m buy-in deal for the Civil Aviation Authority's defined benefit (DB) scheme.
Why bulk annuities could get more expensive for schemes
Buy-in and buyout pricing could increase due to future capital requirements for insurers holding equity release mortgage assets to back deals. Victoria Ticha looks at what it means for trustees
600 Group enters £201m buyout with PIC
Trustees of the 600 Group's defined benefit (DB) pension scheme have agreed to a £201m buyout with Pension Insurance Corporation (PIC).
PPF's funding ratio rises to 122.8% despite challenging year
The Pension Protection Fund has seen its funding level improve by 1.2 percentage points, after enjoying above target returns in a year when it took on pension schemes of big corporates like Carillion.
IET pension scheme completes £50m buy-in with PIC
The Institution of Engineering and Technology (IET) pension scheme has insured £50m of pensioner liabilities through a buy-in with Pension Insurance Corporation (PIC).
Here is an idea DWP might (or not) want to think about...
Richard Favier says the process for regulated apportionment agreements is complex, lengthy, expensive, but there is a solution
Siemens completes £1.3bn pensioner buy-in
The trustees of the Siemens defined Benefit (DB) scheme have completed a buy-in with Pension Insurance Corporation (PIC), covering around 6000 members.
BMO combines credit with LDI to simplify de-risking
Funds that match and link credit with liability-driven investing (LDI) have been launched by BMO Global Asset Management in a bid to simplify the process of de-risking defined benefit (DB) schemes.
PA Pension Scheme completes £850m buyout with PIC
PA Consulting has completed a full buyout of its £850m scheme with Pension Insurance Corporation (PIC).
The key issues for risk reduction: Three lawyers have their say
PP asks three lawyers about how the key legal issues schemes facing schemes conducting or considering risk reduction exercises
Aliaxis scheme completes £85m buy-in with Just Group
The Aliaxis UK Defined Benefit Pension Scheme has completed a buy-in transaction with Just Group totalling £85m, structured across two tranches of pensions in payment.
Heathrow bundles bespoke bond and £325m buy-in with L&G
Heathrow Airport's defined benefit (DB) plan has completed a £325m pensioner buy-in with Legal & General (L&G) financed by an innovative corporate bond.
Carillion highlights importance of corporate investigations
Baroness Ros Altmann says more DB trustees should seek independent forensic analysis on the sponsor's business and financial position
How South Yorkshire Pensions Authority is protecting itself against a major market fall
The local authority pension fund recently bought protection for its £2.6bn equity portfolio ahead of its 2019 valuation. Stephanie Baxter looks at how the strategy works
Scottish Widows completes its biggest ever buy-in with Littlewoods
The trustees of the Littlewoods Pensions Scheme have agreed an £880m pensioner buy-in with Scottish Widows.
M&S completes buy-ins totalling £1.4bn with Aviva and Phoenix Group
The Marks and Spencer (M&S) Pension Scheme has insured around 15% of its pensioner liabilities through two bulk annuity insurance policies with Aviva and Phoenix Group.
Mothercare schemes enter PPF assessment as retailer seeks major restructure
Struggling children's retailer Mothercare has announced plans to overhaul its store portfolio through a Company Voluntary Arrangement (CVA), by closing 50 shops and negotiating reduced rents.
National Grid completes £2bn longevity swap
The National Grid Electricity Group has completed an intermediated longevity swap with Zurich for the Electricity Supply Pension Scheme (ESPS).
Keeping up with UK longevity trends
David Weeks says pension schemes need to give attention to risks that flow from longevity trends.
Prudential reinsures $1.2bn of PIC's longevity risk
Prudential Insurance Company of America (PICA) has agreed to reinsure around $1.2bn (£900m) of Pension Insurance Corporation's (PIC) longevity risk.
How Toshiba agreed a £170m deferred member buyout
The Toshiba Pension and Assurance Scheme has completed a £170m deferred member buyout. Stephanie Baxter looks at the details of the deal.
A closer look at Kingfisher's £209m buy-in with PIC
A second bulk annuity has been agreed for the Kingfisher Pension Scheme. Victoria Ticha speaks to the trustee about this next step in its journey towards self-sufficiency
