This week’s top stories included UBS’ completion of a £1.4bn longevity swap with Zurich and Canada Life, while chancellor Rishi Sunak announced the government’s Kickstart Scheme as part of provisions outlined in the Summer Statement.
The UBS (UK) Pension and Life Assurance Scheme has hedged the longevity risk of around half of its defined benefit liabilities through a £1.4bn longevity swap completed with Zurich and Canada Life Reinsurance.
Government plans to create jobs for 16-to-24-year-olds will see the state paying employer pension contributions, it is expected.
Superfunds could be on course to complete multi-billion-pound transfers of defined benefit funds by the end of this year, Isio says.
The Pensions Dashboards Programme has launched a formal call for input, seeking industry views on data standards for the initial dashboards.
A lack of steadfast regulation around unbundled defined contribution schemes makes them a ticking time bomb for firms and members, says Salvus Master Trust.
Foresight Group has announced plans to acquire the £700m Pension Infrastructure Platform (PIP) from a consortium of pension funds and the Pensions and Lifetime Savings Association (PLSA).
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