This week’s top stories included KPMG confirming it was in talks to sell its pensions advisory business to Exponent Private Equity.
Also, Clara said there was a huge "shadow market" of schemes that were thinking about consolidation but were not yet engaging with superfunds, and Aviva completed a £1.7bn buy-in with its own pension scheme.
KPMG has confirmed it has entered into exclusive talks with Exponent Private Equity to sell its pensions advisory unit.
Many schemes are actively thinking about defined benefit consolidation and are waiting in the wings for the superfunds to prove themselves before engaging, Clara says.
Aviva Life and Pensions UK has completed a £1.7bn bulk annuity buy-in with the Aviva Staff Pension Scheme.
The Department for Work and Pensions has proposed increasing the general levy on occupational and personal pension schemes from 1 April 2020.
The Pension Protection Fund has launched a retendering process for firms to sit on its assessment period trustee panel, with an increased focus on corporate restructures and insolvency proceedings.
In this week's Pensions Buzz, we want to know whether you support the ruling that defined benefit (DB) trustees must equalise GMPs in past transfers.
This week’s top stories included the rejection of an automatic guidance amendment in the Pension Schemes Bill, while The Pensions Regulator posted a sharp increase in the use of its powers.
The majority of the pensions industry agrees an eventual net-zero target should not be mandated for schemes as part of the Pension Schemes Bill, according to a Professional Pensions poll.
Local Pension Partnership Administration (LPPA) has become the latest organisation to join the Pension Scams Industry Group (PSIG) forum.
Two-thirds of UK fund managers are reducing investments in companies that fail on diversity and inclusion scores, according to a survey by Edelman.