UK schemes could release up to £200bn currently invested in gilts to match their liabilities more closely with a buy-in policy, says Aon Hewitt.
The consultant said conditions in the bulk annuities market mean now is a good time for schemes holding gilts to switch them for a pensioner buy-in. Aon Hewitt principal and actuary Paul McGlone said:...
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.
Some 56% of defined contribution (DC) asset managers do not believe they will have transaction cost information in time for pension funds' March year-end statements, according to Lane Clark & Peacock (LCP) research.
NEST has appointed Clive Elphick, Martin Turner, Mutaz Qubbaj and Chris Hitchen as trustee members of its reshaped board.
Most people want to avoid investing in projects that contribute to climate change, and would consider moving to another less-exposed provider, according to a survey commissioned by ClientEarth.