Aon
ESG Watch: Warning to pension schemes; MSCI's call to asset managers; Russell Investments outlines 2050 net-zero goal
Professional Pensions rounds up some of the latest ESG and climate news from across the industry.
Schemes ditch annuity brokers in favour of whole of market IFAs
Pension schemes are increasingly seeking to provide additional support to members at retirement through online modellers and regulated financial advice, Aon says.
Tender Watch: Border to Coast names partner for property fund launch; Aon appointed by London Borough of Southwark Pension Fund
Professional Pensions rounds up some of the latest tender awards from across the industry.
General Motors secures £53m bulk annuity transaction with Aviva
General Motors has agreed a £53m bulk purchase annuity transaction with Aviva for the Vauxhall Associated Companies Pension Fund (VACPF).
Aon outlines benefits of ESG integration in investments in new paper
The relevance and value of ESG integration in investments is growing and is expected to become more important in coming years, according to a paper by Aon.
TPR consults on 149-page single code of practice
The Pensions Regulator (TPR) has launched a consultation on amalgamating ten of its 15 codes of practice into a single 149-page document.
Civil Aviation Authority and Sydney Packett & Sons agree bulk annuities with L&G and Aviva
The Civil Aviation Authority (CAA) and Sydney Packett & Sons have agreed bulk annuity deals for their pension schemes with Legal & General (L&G) respectively.
Chris Sier fintech ClearGlass Analytics closes £2.6m seed funding round
ClearGlass Analytics has closed a £2.6m funding round as it delivers greater accountability to pension funds and the wider asset management market.
Spring Budget 2021: Icy response to lifetime allowance freeze
The industry has provided a predominantly negative response to the confirmation today that the lifetime allowance will be frozen at £1,073,100 until April 2026.
Industry Voice: Employees need help with their direction of financial travel
Olly Walker of Aon explains how companies can help staff with financial wellbeing
Rothesay agrees £120m buy-in with Reach
Rothesay has concluded a £120m buy-in with the West Ferry Printers Pension Scheme, covering all remaining pensioner and deferred liabilities.
Longevity assumptions retain stability despite Covid
The outlook for future longevity in the UK has not necessarily worsened as a result of the coronavirus pandemic, Aon says.
Industry Voice: The bulk annuity market for small schemes
Although 2020 was a challenging year, Aon's Dave Barratt says the bulk annuity market was very resilient, with a well-functioning insurance market, large volumes of business written and 2020 finishing up as the second busiest year on record.
Deutsche Bank agrees £570m buy-in with L&G
Deutsche Bank AG has agreed a £570m pensioner buy-in with Legal & General for the defined benefit (DB) (UK) Pension Scheme.
Tender watch: Enfield appoints Aon for investment consultancy
Professional Pensions rounds up some of the latest tender awards from across the industry.
Tender Watch: Aon appointed at General Motors schemes; Hampshire names real estate manager; Essex hires stewardship adviser
Professional Pensions rounds up some of the latest tender awards from across the industry.
ICSWG launches trustee guide for assessing consultants' climate competency
The Investment Consultants Sustainability Working Group (ICSWG) has launched a guide to help trustees assess their investment consultants’ climate competency.
PLSA unveils six policy board appointments
The Pensions and Lifetime Savings Association (PLSA) has appointed six members to its policy board as it lays down a defined benefit (DB) funding-centric priority list for 2021.
Tender Watch: GMC scheme reappoints Aon; Homes England hires Hymans; Civil Service appoints NTT Data for CSPS and RMSPS schemes
Professional Pensions rounds up some of the latest tender awards from across the industry.
Evonik scheme completes £544m full buy-in with L&G
The defined benefit (DB) scheme of Evonik Holdings UK has agreed a £544m full buy-in with Legal & General (L&G) Assurance Society.
TPR's long-term funding approach 'will put extra financial pressure' on scheme sponsors
The Pensions Regulator’s (TPR) long-term funding approach will put extra financial pressure on UK pension scheme sponsors, according to Aon.
Marie Curie completes £30m buy-in with L&G in first 2021 deal
The Marie Curie defined benefit (DB) scheme has entered into a circa £30m full scheme buy-in agreement with Legal & General (L&G) Assurance Society.
Buy-in and buyout volumes to reach £30-£40bn in 2021; Superfund 'floodgate' may open
Between £30bn and £40bn of pension risk is expected to be transferred to insurers via buy-ins and buyouts this year, Aon says.
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