UK - Troubled corporate sponsors will be a major source of insurance business over the coming months, Pension Corporation says.
But they added they expected to see significant opportunities as a result of the current economic downturn - and noted its insurance solutions could provide members a greater level of benefits to pension fund members than they might have otherwise received from the Pension Protection Fund.
Pension Corporation group chief executive Edmund Truell said: "The principles of pension risk transfer are now well understood. Trustees, their advisers and sponsors widely recognise that pension risks are not comfortable bedfellows with corporate balance sheets.
"Pension Corporation is unusual in its ability to provide combined corporate finance and insurance solutions that are designed to meet our customers' needs in a safe and secure way. We look forward to building on this very substantial progress in 2009."
Pension Corporation also revealed it had averaged over 70% of insurance company assets in cash or gilts during the year - and had a regulatory capital ration 232% of the required minimum.
Some 56% of defined contribution (DC) asset managers do not believe they will have transaction cost information in time for pension funds' March year-end statements, according to Lane Clark & Peacock (LCP) research.
NEST has appointed Clive Elphick, Martin Turner, Mutaz Qubbaj and Chris Hitchen as trustee members of its reshaped board.
Most people want to avoid investing in projects that contribute to climate change, and would consider moving to another less-exposed provider, according to a survey commissioned by ClientEarth.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.