Inchcape has wound up the TKM Group scheme through a buyout with Aviva that covers £300m of pension liabilities.
The deal, which was completed within two months of the initial conversation, involves Aviva assuming responsibility for paying pensions to over 3,000 retired members and 1,700 deferred members. The...
UK pension schemes are working hard to counter climate risks across investment portfolios, but the assessment of climate risks to sponsor covenant must be a key focus of schemes’ broader risk assessment, says Michael Bushnell.
Only one third of defined benefit (DB) schemes lengthened their recovery plan end dates in 2019, according to research by Hymans Robertson.
Hargreaves Lansdown has been named as the slowest provider to switch pensions through the Origo transfer service.
The Old British Steel Pension Scheme (OBSPS) has agreed a £2bn full buy-in with Pension Insurance Corporation (PIC), one step closer to exiting Pension Protection Fund (PPF) assessment.
Much like when selling a house, DB plans need to tidy up before approaching the bulk annuity market, says David Ellis.