Aon
The tide turns for DC and alternatives
DC schemes are increasingly looking at investing in alternatives but face a number of challenges. Charlotte Moore takes a look at the issues they face.
ESPS completes £805m buy-in with Scottish Widows
The Electricity North West Group of the Electricity Supply Pension Scheme (ESPS) has invested in an £805m pensioner buy-in with Scottish Widows.
Aon paper guides trustees to opportunities for public equity impact
Aon has published a paper offering pension scheme trustees insight into investment areas if they are looking for competitive financial returns and to deliver a positive social and environmental impact.
Simplifying flex: How providers are evolving to simplify products
Many traditional flexible benefit schemes have become complex and unwieldy. Nick Martindale looks at how providers are evolving to simplify products and better meet employee needs.
National Grid agrees £1.6bn buy-in with L&G in second deal this year
The National Grid UK Pension Scheme has agreed its second buy-in this year, transferring £1.6bn of pension risk to Legal & General (L&G).
The next DB challenge: Being fully funded
As more schemes reach a fully funded status, it is important that the risk-averse environment is not codified into regulations, says Paul McGlone.
'No excuse' for industry slipping from GMP equalisation timescale targets
The lack of clarity from HM Revenue and Customs (HMRC) on guaranteed minimum pension (GMP) equalisation is “no excuse” for stalling implementation, says Aon.
2019's 'jumbo' bulk annuities bigger than any full-year volume
Small schemes are facing “obvious challenges” in grabbing insurer attention as “jumbo” deals are beginning to typify the bulk annuity market, Aon says.
Pensions industry has 'lack of clarity' on members' retirement needs
Estimates of the amount of money needed for a ‘modest’ retirement can vary by up to £500,000, according to research from Aon.
Exclusive: FTSE 100 risk settlement transactions hit £70bn
FTSE 100 risk settlement transactions have reached £70bn as a third of these firms remove longevity risk, according to Aon.
National Grid scheme completes £2.8bn buy-in with Rothesay Life
The National Grid UK Pension Scheme has agreed a £2.8bn buy-in deal with Rothesay Life, covering the benefits of an unspecified number of pensioner members.
UK investors recognise increasing importance of ESG
Responsible investing has dramatically grown in importance to investors over the last year, according to research by Aon.
Is NEST setting a benchmark for other DC schemes?
NEST has allocated 5% of assets to private credit and announced its two fund managers for this area. Holly Roach looks at how the provider is leading the way for other schemes
Rothesay Life agrees £4.7bn buyout of GEC scheme; Biggest ever deal smashes 2018 volumes
Rothesay Life has agreed the UK’s largest ever bulk annuity deal to date – a £4.7bn buyout of the GEC 1972 Plan, making 2019 officially a record-breaking year.
DB schemes continue move out of equities in favour of illiquids
Over half of all UK defined benefit (DB) schemes have reduced their investment in equities over the last two years while diversifying into alternative growth assets, according to Aon.
Governance and investment innovation in DC
Improvements in governance are leading to increasing investment innovation in DC. In this roundtable, panellists discuss charges, alternative investments and how schemes are approaching ESG
Aon promotes seven to partner
Aon has announced the promotion of seven of its UK retirement, asset management and reward team to partner.
Exclusive: 90% of DB schemes have set a long-term funding target
Almost all UK defined benefit (DB) schemes (92%) have set clear long-term funding targets, with most focused on buyout or self-sufficiency, according to Aon.
WSB Awards 2019 - The Winners
Here they are - the winners of the Workplace Savings and Benefits Awards 2019...
Most schemes targeting self-sufficiency over buyout
The majority of pension schemes that are using a long-term funding target are focused on self-sufficiency, Aon research has revealed.
It is crucial we address concerns around sole trusteeship
The concept of sole trusteeship must overcome a number of challenges, especially as the model becomes more widespread, argues Paul McGlone
Five stories you may have missed this week
This week's top stories included HSBC's scheme completing a £7bn longevity swap with PICA and the government announcing it would review the tapered allowance for NHS scheme members.
Rothesay Life agrees £520m buy-in with Cadbury scheme
The Cadbury Mondelēz Pension Fund has agreed a £520m buy-in with Rothesay Life, insuring benefits for around 1,900 pensioner members.
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