Aon
Schemes on the hunt to maximise GMP conversion benefits
Red tape preventing pension schemes from managing the barriers around GMP equalisation is leading to many combining conversion with pension increase exercises (PIE), Aon says.
Big three pension consultants post combined revenues of £1.14bn in 2019
The revenue of the three biggest pension consultancy firms in the UK fell slightly in 2019, dropping from £1.16bn in 2018 to £1.14bn in 2019.
Reaction: TPR superfund guidance welcomed against cautious backdrop
Consultants, trade bodies, and professional societies across the pensions industry have responded relatively positively to guidance from The Pensions Regulator (TPR) that has today signalled a clear start for defined benefit (DB) scheme consolidation...
Bridging pensions increasing in popularity
More pension schemes and their members are becoming interested in using bridging pensions as a result of Covid-19, according to Aon.
Will Covid-19 undermine companies' ability to sponsor schemes?
Charlotte Moore looks at how the Covid-19 economic crisis will affect funding for schemes in differing amounts.
Unomedical scheme completes £10m buyout with Aviva
The Unomedical Pension Plan has agreed to a £10m buyout of its 65 members’ liabilities with Aviva.
Modernising the SPP
The Society of Pension Professionals is looking to make dynamic changes in a bid to stand out from the growing number of trade bodies catering for a dwindling audience.
Global businesses must consider retirement benefit flexibilities to manage cashflow
Multi-national companies must consider complex methods for scheme funding including increased flexibility on retirement benefits, Aon says.
Engaging members on financial wellbeing
Charlotte Moore looks at industry efforts to why improving members' financial wellbeing and retirement planning is crucial in a crisis situation.
Current credit spreads well suited to LDI despite Covid-19
Schemes can tap into elevated illiquidity elements by incorporating global investment-grade credit into a liability driven investment (LDI) strategy, says Aon.
From the Barber judgment to needing a barber
30 years after the infamous Barber judgment, Tom Yorath looks at how the GMP equalisation problem has progressed against advances in technology
Volatility driving bulk annuity pricing spread but deal ready schemes urged to stay 'in market'
Volatile market conditions have led to a much wider range of pricing for pension scheme buy-ins and buyouts than has been seen for a decade, Aon says.
Co-op agrees £350m buy-in with Aviva
The Co-operative Pension Scheme (Pace) has entered into its fourth bulk annuity transaction of 2020, agreeing a £350m buy-in with Aviva.
Scheme support of new funding code sliding on closer review
A poll of UK defined benefit pension schemes shows many are no longer in support of The Pension Regulator’s (TPR) proposed funding code after a second look at its implications, according to Aon.
Agreeing bulk annuities in a crisis
After a bumper year, insurers are now facing a slower and smaller pipeline as schemes grapple with Covid-19, writes James Phillips.
Exclusive: 50% of scheme members have received assurance during Covid-19
Half of UK pension schemes have sent “reassuring communications” to members during the Covid-19 pandemic, according to Aon.
Reaction: Annual funding statement retains pressure on trustees to secure cash
The Pensions Regulator’s (TPR) annual funding statement aims to keep up pressure on schemes but tries to avoid putting undue strain on employers at a time of crisis, the industry says.
Leonardo Electronics completes £160m buy-in with Just
The Leonardo Electronic Pension Scheme has concluded a £160m pensioner buy-in with Just Group in the scheme’s first risk transfer exercise.
National Pension Trust tops DC default fund performance league tables for 2019
The National Pension Trust’s global equity fund has been named as the best performing growth phase default fund over one and three years in a research report published by Defaqto.
Isio partner James Riley named SPP president
The Society of Pension Professionals (SPP) has named James Riley as president for a two-year term beginning 1 June.
PIC insures £400m of liabilities in Co-op's third buy-in of 2020
The Co-operative Pension Scheme (Pace) has agreed its third buy-in this year, insuring £400m of liabilities in the Co-operative Bank section of the scheme with Pension Insurance Corporation (PIC).
Pension schemes can avoid bowing to bear market pressure
Pension schemes should “stick to their convictions” and long-term policies in the face of market falls caused by Covid-19, Aon says.
Overcoming DB challenges is vital to bring the dashboard to life
The dashboard is reliant on all schemes having data readily available, but this is not yet the case for many DB schemes. Paul McGlone says this is a challenge the industry must work to overcome
Webinar: Managing cashflows in challenging times
Professional Pensions' latest webinar - held in conjuction with Aon, BlackRock and Schroders - looks at the specific cashflow challenges schemes have been facing during the disruption and market volatility caused by Covid-19; explore how different schemes...
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