Defined benefit scheme sponsors will use the move into surplus to remove risk and are actively trying to hedge longevity exposure, Aon Consulting claims.
But principal and actuary Paul McGlone said sponsors faced increased conflict with trustees and rising expense. McGlone – speaking at Aon’s briefing on pensions from a corporate point of view – said:...
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.