The Rolls-Royce UK Pension Fund (RRPF) has insured benefits for around 33,000 pensioners in a record-breaking buyout with Legal & General (L&G).
The deal is in excess of £4.6bn, the largest buyout ever conducted in the UK, vastly surpassing the £2.5bn transaction completed between L&G and automotive firm TRW in November 2014. As part of the...
Trustees don't usually think about financial sanctions. But Edward Brown says they should be aware of the issue and take steps to minimise risks.
The industry-wide GMP equalisation group has created five sub-committees to each work on a key component of the guidance. Holly Roach reports
The £9bn Merseyside Pension Fund (MPF) has pledged £30m of scheme assets to a private direct lending fund designed to support small businesses and the UK economy.
Pension Insurance Corporation (PIC) has so far racked up £5.8bn of buyouts and buy-ins with defined benefit schemes this year, while reinsuring £7bn of longevity risk, it has revealed.