Five stories you may have missed this week

BoE recommends further action on LDI and Barclays UKRF completes £7bn longevity deal

Holly Roach
clock • 1 min read
Five stories you may have missed this week

This week’s top stories include the Bank of England recommending further regulatory action on liability-driven investment, and the Barclays UK Retirement Fund completed a £7bn longevity deal.

  1. BoE recommends further regulatory action on LDI

Regulatory action should be taken by The Pensions Regulator, in co-ordination with the Financial Conduct Authority and overseas regulators, to improve the resilience of liability-driven investment funds, the Bank of England's Financial Policy Committee said.

  1. Barclays UK Retirement Fund seals £7bn longevity deal

The trustee of the Barclays Bank UK Retirement Fund has insured £7bn of its liabilities against longevity risk, with reinsurance provided by an insurance subsidiary of Prudential Financial.

  1. TPR says there is 'strong case' for professional trustee authorisation

The Pensions Regulator has called for increased regulation for superfunds and defined benefit master trusts and says there is a "strong case" for an authorisation regime to be introduced for professional trustees.

  1. PPF confirms significant reduction in levy

The Pension Protection Fund has announced the final levy rules for 2023/24 and confirmed that the overwhelming majority of schemes can expect to see a substantial reduction in the levy they pay.

  1. Co-operative Bank fund seals £1.2bn buy-in with Rothesay

The bank section of the Co-operative Pension Scheme has completed a £1.2bn full scheme buy-in with Rothesay.

More on Industry

Buzz: Will more insurers enter the bulk annuity space within the next year?

Buzz: Will more insurers enter the bulk annuity space within the next year?

Bulk annuity market growth, cyber security risk and insurer emissions targets

Professional Pensions
clock 30 September 2024 • 1 min read
Labour scrapping higher rate pensions tax relief is 'politically unlikely'

Labour scrapping higher rate pensions tax relief is 'politically unlikely'

Despite being ‘potentially lucrative’

Isabel Baxter
clock 30 September 2024 • 4 min read
Good News Corner: PPF champions underrepresented talent

Good News Corner: PPF champions underrepresented talent

Lifeboat fund says it recruited three interns from underrepresented groups in National Inclusion Week

Jasmine Urquhart
clock 27 September 2024 • 1 min read
Trustpilot