PPF mulls charging levy to schemes with no sponsor
The Pension Protection Fund (PPF) is working on plans to impose a levy on schemes that do not have a substantive sponsoring employer after a restructuring.
Alongside its provisional confirmation of the levy rules for 2017/18, the lifeboat fund said its work on developing such a measure is progressing, although it will be subject to consultation. The plans...
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Aberdeen transport fund completes £230m LGPS buy-in with Rothesay
The Aberdeen City Council Transport Fund has agreed a £230m buy-in with Rothesay in the insurer’s first deal with a Local Government Pension Scheme (LGPS) fund.
L&G agrees £400m deal with own scheme
The Legal & General (L&G) Group UK Senior Pension Scheme has agreed an assured payment policy (APP) deal with its insurer sponsor.
Evonik scheme completes £544m full buy-in with L&G
The defined benefit (DB) scheme of Evonik Holdings UK has agreed a £544m full buy-in with Legal & General (L&G) Assurance Society.
Exclusive: Market volatility to spur £30bn of buy-ins and buyouts in 2021
Pension risk transfer volumes this year will look similar to those in 2020 as market volatility creates opportunities for schemes able to act fast, according to Willis Towers Watson.
Pension Schemes Bill set for final debate next week
The Pension Schemes Bill has been scheduled for ping-pong, its penultimate step before becoming law.
