Pension Insurance Corporation (PIC) has agreed to insure all its pensioner liabilities with PartnerRe in a deal set to cover its full buy-in of the Dockworkers Pension Fund.
The £725m deal will cover the entirety of longevity risk acquired when PIC insured the Dockworkers Pension Fund in a full buy-in in November 2017 in the biggest single insurance transaction that year....
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the November 2020 estimates on the various measures…
Pensions schemes with sponsors facing severe economic difficulties due to Covid-19 must prepare for the lifting of temporary protections from corporate insolvency at the end of the year, Aon says.
Lady Tina Green has agreed to pay a £50m deficit recovery contribution (DRC) to Arcadia’s pension schemes earlier than scheduled.
Scheme funding in the defined benefit (DB) universe has worsened, but the Pension Protection Fund (PPF) remains confident it can tackle the challenges ahead, it says as it launches its 2020 Purple Book.
Debenhams’ pension schemes are continuing in Pension Protection Fund (PPF) assessment after administrators failed to rescue the company from collapse.