This week’s top stories include the Marathon Service Limited Pension and Life Assurance Scheme’s £610m full buy-in with Rothesay Life, while XPS Pensions Group warned mature scheme deficits could double under The Pension Regulator’s ‘fast track’ rules.
The Marathon Service Limited Pension and Life Assurance Scheme has completed a £610m full buy-in with Rothesay Life, covering the benefits of more than 1,400 members.
XPS Pensions has warned that mature schemes could see deficits double without a transition period under The Pension Regulator's proposed ‘fast track' funding rules.
Oversimplification must be avoided in The Pension Regulator's proposed revision of the defined benefit scheme funding code, and a third way might be necessary, the industry has said.
This year might prove to be a blip in the growth of the bulk annuity market despite volumes trending towards £25bn, according to Mercer.
The average recovery plan length for schemes in deficit has fallen by 2.2 years compared to three years ago, according to an Aon study.
The government has confirmed the minimum pension age will rise from 55 to 57 by 2028 to coincide with the rise in the state pension age to 67.
Pat Sharman looks at how an organisation’s culture can deliver better service and outcomes for pension scheme clients.
Stuart Southall looks at whether Covid-19 has hastened or reinforced the role of member-nominated and other lay trustees.
Professional Pensions is holding a webinar on the future of alternatives on 8 September at 3pm.
Employee benefits service WorkLife has partnered with Smart Pension to add workplace pensions to its digital platform.