The Marsh & McLennan Companies (MMC) UK Pension Fund has finalised a £3.4bn longevity risk transfer to the global reinsurance market through a captive solution.
The deal, which completed in July, covers liabilities for all 7,500 pensioner members, and used a "captive approach" to structure a contract with Guernsey-based insurer cells managed by Marsh Capital Solutions...
BT has been barred from swapping the indexation of the third section of the BT Pension Scheme (BTPS).
RPMI has announced its investment director Ciarán Barr will step down in the first half of this year after eight years.
Harus Rai looks at how The Pensions Regulator's work to improve scheme governance has an impact on smaller schemes.
This week's top stories were collapsed Carillion's pension funds facing PPF assessment, and Royal Mail getting closer to agreeing on a collective defined contribution plan.