Pension Insurance Corporation (PIC) has reinsured the longevity risk relating to £2bn of liabilities with Hannover Re and Reinsurance Group of America this year.
Most of the risk was passed on to the reinsurance market as part of a ‘back-to-back' deal in which the insurer wrote a £1.6bn buy-in with oil firm Total and immediately transferred the longevity risk (PP...
Trustees lack expertise, time and resources to develop effective communications on technical pensions issues and need professional help, a major review of the British Steel saga has concluded.
In this week's Pensions Buzz, we want to know if you think trustees should consult directly with members before agreeing to a DB superfund buyout.
Thousands of savers taking tax-free lump sums ahead of retirement are at risk of a pensions shortfall in later life due to neglecting their remaining pot, Zurich has warned.
Professional Pensions is looking to update its list of pensions master trusts in the UK ahead of authorisation. Can you help?