Telegraph Media pension buyout
UK - Legal & General has completed a £12m (US$23.8m) buyout of the Telegraph Media Group (TMG) defined benefit liabilities, with the support of actuarial consultancy Lane Clark and Peacock LLP (LCP).
LCP said the trustees and TMG were keen to secure the members' historic defined benefits in full without disrupting the ongoing defined contribution section. It added they were able to take advantage of...
More on United Kingdom
Solar subsidy cuts to hit liability matching strategies
UK - Government plans to cut a subsidy boosting the appeal of solar panel infrastructure investments could scupper scheme plans to use these investments as part of their liability matching strategies, fund managers say.
Aegon moves to halt DB scheme future accrual
UK - Aegon is to close its defined benefit pension scheme to future accrual in March 2013 as part of its restructure and cost saving programme.
PPF reveals £678m surplus
UK - The Pension Protection Fund has published its annual report - revealing a surplus of £678m ($1.1bn) at 31 March.
Diamond: Stable investment banking crucial to maximising scheme returns
UK - Schemes looking to maximise returns in a low interest rate environment must work closely with investment banks to boost member outcomes, Barclays chief executive Bob Diamond says.
DB risk management enters 'the next phase'
UK -More than 40% of firms have closed or are in the process of closing their defined benefit pension schemes, latest research from Aon Hewitt shows.
