No-deal Brexit: Contingency planning for trustees
Andy Palmer says trustees and employers should prepare for a no deal, which could pose big risks to sponsor covenants
A vital element of demonstrating good governance and integrated risk management by trustees is for them to show a clear understanding of the strength of their employer's covenant. This is best achieved...
More on Risk Reduction
Scottish Widows completes £2bn de-risking deals in 2019
Scottish Widows completed five bulk annuity transactions in 2019, with liabilities insured exceeding £2bn.
Co-op scheme agrees £1bn buy-in with PIC
The Co-operative Pension Scheme (Pace) has agreed a £1bn buy-in with Pension Insurance Corporation (PIC), insuring benefits for around 7,000 members.
UPDATED: The biggest buy-ins and buyouts announced since 2007
There have now been a total of over 50 buy-in and buyout deals of over £500m announced since 2007. The full list is as follows...
AIB secures £1.1bn de-risking deal targeting full buy-in
Allied Irish Bank (AIB) has secured an £850m buy-in for its UK pension scheme with Legal & General (L&G).
MNOPF completes £1.6bn buy-in with PIC
The trustees of the £3bn Merchant Navy Officers Pension Fund (MNOPF) have secured £1.6bn of members’ pension benefits through a buy-in transaction with Pension Insurance Corporation (PIC).
