The Schindler Group scheme has agreed a £50m buy-in with Legal & General (L&G) to cover the liabilities relating to its current pensioner members.
The trustees were advised by JLT Employee Benefits (JLT EB) using its fixed-fee service for smaller schemes. The scheme was already a long-standing client of L&G Investment Management (LGIM). JLTEB...
In this week's Pensions Buzz survey, we want to know whether or not you agree with Lord Myners' opinion that asset owners, such as pension funds, are substantially to blame for short-termism in business.
A typical defined benefit (DB) scheme was able to meet 92.9% of its accrued pension rights as of 30 September, according to Legal & General Investment Management (LGIM).
The combined funding level decreased by just over four percentage points by the end of last month to 93.6%, according to the Pension Protection Fund's (PPF) latest update.