Babcock International is set to complete the first longevity swap deal involving a UK pension fund in a bid to cap its exposure to increasing life expectancy this month.
The engineering firm said it had reached agreement in principle with the trustees of two of its defined benefit pension schemes to cap the longevity exposure of nearly all of its pensions in payment -...
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.