The liability risk-hedging market in the UK surpassed £40bn in 2009, smashing the previous record of £35bn set in 2007, Towers Watson says.
The consultancy firm said the growth in the liability risk-hedging market was due to increased use of physical bonds for matching, along with greater demand for buy-ins and the evolution of longevity hedging....
Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.
The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.
Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.