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...
More Risk Reduction
Exclusive: FTSE 100 risk settlement transactions hit £70bn
FTSE 100 risk settlement transactions have reached £70bn as a third of these firms remove longevity risk, according to Aon.
National Grid scheme completes £2.8bn buy-in with Rothesay Life
The National Grid UK Pension Scheme has agreed a £2.8bn buy-in deal with Rothesay Life, covering the benefits of an unspecified number of pensioner members.
UPDATED: The biggest buy-ins and buyouts announced since 2007
There have now been a total of around 50 buy-in and buyout deals of over £500m announced since 2007. The full list, provided courtesy of LCP, is as follows...
Buy now while stocks last: Risk reduction ramps up
As the risk reduction market gets busier and busier, Jonathan Stapleton says preparations must become more comprehensive for schemes to gain a foothold.
Rothesay Life appeals High Court block on Prudential annuity transfer
Rothesay Life has lodged an appeal against the High Court’s decision to block the £12bn transfer of Prudential’s annuity book.