The Smiths Industries Pension Scheme has secured a £176m buy-in with Canada Life, its second with the insurer.
The buy-in is approximately 6% of the £3bn scheme's liabilities, and is Canada Life's first announced deal of 2019. The scheme has now conducted three buy-ins across two insurers, and took advantage...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter