The JLT UK Group Pension Scheme has completed a further buy-in contract with Prudential to insure £85m of its defined benefit (DB) liabilities.
The transaction, which covers a section of the JLT UK Group Pension Scheme which has assets of £500m and 4,000 members, was structured to enable the company and trustees to secure liabilities at a competitive...
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.