This week’s top stories included the Co-operative Pension Scheme’s £350m buy-in with Aviva, and the list of last year’s best and worst performing fiduciary managers as revealed by XPS Pensions Group.
The Co-operative Pension Scheme has entered into its fourth bulk annuity transaction of 2020, agreeing a £350m buy-in with Aviva.
There was a 12 percentage point difference in the growth portfolio performance of the best and worst performing fiduciary managers in 2019 and over a third underperformed the average diversified growth fund.
Legal & General has agreed two bulk annuity deals worth £116.2m with UK- and US-based HIS Markit schemes.
A poll of UK defined benefit pension schemes shows many are no longer in support of The Pension Regulator's proposed funding code after a second look at its implications, according to Aon.
Just over 10% of sponsors have requested the suspension of deficit reduction payments - a number that is likely to rise around 19% over the coming months.
Two-thirds of the industry don’t expect to return to non-home offices until at least September and 55% don’t expect a return to face-to-face business as usual for at least a year, exclusive PP research reveals.
Industry veteran Bruce Rigby has been appointed as the chair of Prudential’s Independent Governance Committee (IGC).
The Merchant Navy Officers Pension Fund (MNOPF) has launched a wellbeing programme to help members and their families during the Covid-19 pandemic.
The total number of deaths registered last week in England and Wales dropped significantly from the week before but was 1.6 times as many registered at the same time in 2019.