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....
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.
Regulatory guidance “could set too high a hurdle” for superfunds, Lane Clark and Peacock (LCP) warns.
Around one in 25 pension schemes have made use of regulatory easements to deficit recovery contribution (DRC) payment schedules, according to The Pensions Regulator (TPR).