A year on from the first UK pension scheme longevity swap, Laura Blows finds out what's been happening in the market
The growing interest around longevity hedging finally bubbled over last year as engineering firm Babcock became the first UK pension scheme to enter into a longevity swap. Babcock hit headlines in June...
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.