The ICI Pension Fund has completed four buy-ins over the last year to take its total benefits insured past £5bn in a strategy advisers say sets a blueprint for other large schemes.
The scheme completed buy-ins worth £800m with Prudential in November 2014 and June this year, and secured a further £1bn of benefits in deals with Legal and General (L&G) in March and June of this year....
The Centre for Social Justice is calling for the state pension age to be raised to 70 by 2028 and to 75 by 2035, a much faster rise than currently planned.
The High Court has blocked the £12bn transfer of Prudential's annuity book to Rothesay Life, citing the insurer's lack of "established reputation" and differing "capital management policies".
Jonathan Stapleton speaks to Punter Southall Governance Services director of outsourced pension services Clare Owen about the firm's latest reseach into the effectiveness of trustee boards.