Allen & Overy
UBS completes £1.4bn longevity swap with Zurich and Canada Life
The UBS (UK) Pension and Life Assurance Scheme has hedged the longevity risk of around half its defined benefit (DB) liabilities through a £1.4bn longevity swap completed with Zurich and Canada Life Reinsurance.
UK Pensions Awards 2020 - Shortlists published
Here they are. The finalist lists for the UK Pensions Awards 2020.
Lloyds schemes agree £10bn longevity swap with Pacific Life Re
Three Lloyds Banking Group pension schemes have transferred £10bn of longevity risk to Pacific Life Re in the second-largest longevity swap ever.
How latest initial margin rules for OTC derivatives will affect schemes
Additional margin rules will apply to schemes using OTC derivatives from September this year. Paul Cluley looks at how funds will be affected and what they need to do next.
UK Pensions Awards 2019 - The Winners
Here they are - the winners of the UK Pensions Awards 2019...
What to expect from the High Court decision on Lloyds' GMP equalisation
With the High Court's judgment expected imminently, Victoria Ticha examines the possible outcomes and what it could mean for schemes
Airways Pension Scheme lands £4.4bn pensioner buy-in with Legal and General
The British Airways sponsored Airways Pension Scheme (APS) has completed a £4.4bn pensioner bulk annuity buy-in with Legal & General.
UK Pensions Awards 2018 - The Winners
Here they are - the winners of the UK Pensions Awards 2018...
Allen & Overy promotes lawyers to partner and counsel
Allen & Overy has promoted Andy Cork to partner and Jason Shaw to counsel in its London pensions team.
TPR's professional trustee definition welcomed but penalty policy has 'sting in the tail'
The industry has welcomed The Pensions Regulator's (TPR) revised definition of professional trustee, but has warned all trustees to be aware of the updated monetary penalty policy.
Allen & Overy promotes two in pensions team
Allen & Overy has promoted Andy Cork to counsel and Francesca Parnell to senior associate.
Understanding DC asset security
Finding out what protections are in place for DC assets is not straightforward, finds Helen Morrissey
Buy-in market celebrates 10th anniversary
It has been 10 years since the first pensioner buy-in was completed. Helen Morrissey looks at how the industry has evolved.
ICI completes two buy-ins worth nearly £1bn
The ICI Pension Fund has revealed it completed another two buy-ins worth almost £1bn in September with two major insurers.
Steve Webb: Conditional indexation won't happen
The government will not allow conditional indexation even if it is recommended by the Work and Pensions Committee's (WPC) inquiry, Steve Webb has claimed.
TPR 'already has enough ammunition' to do its job
The Pensions Regulator (TPR) does not need additional powers to do its job properly and legislators should avoid knee-jerk legislation, according to a lawyer.
PASA welcomes Lothian Pension Fund and Allen & Overy
Lothian Pension Fund and Allen & Overy have joined the Pensions Administration Standards Association (PASA), taking its member representation to 11 million.
Could Brexit lead to the abolition of GMP equalisation?
Brexit has created uncertainty around GMP equalisation. PP finds out why
ICI scheme completes £630m buy-in with Scottish Widows
The ICI Pension Fund has completed a £630m buy-in covering over 4,000 of its members with Scottish Widows.
Allen & Overy promotes pension lawyers
Jane Higgins has been promoted to partner and Jessica Kerslake to counsel in the London-based pensions team of Allen & Overy.
What trustees need to know about GMP rectification
PASA has issued guidance on what schemes need to do after they have completed GMP reconciliation. Michael Klimes looks at the details
Turning a blind eye to GMP errors 'is not going to wash'
Trustees must not ignore past underpayments to members in relation to guaranteed minimum pensions (GMP) according to an Allen & Overy lawyer.
No 'black and white answer' to GMP reconciliation
Trustees must accept there is no standard, one-way approach to guaranteed minimum pension (GMP) reconciliation, according to Helen Powell.
How trustees could find themselves on the hook for auditing energy use in their assets
ESOS assessment deadline is imminent
