Aon
ITN Pension Scheme renews fiduciary appointment with Aon
Aon has been re-appointed by the £400m ITN Pension Scheme to provide fiduciary management services.
Bank of England move to negative rates would have limited impact on schemes
Any move by the Bank of England (BoE) to cut interest rates to zero or move them into negative territory would have a limited impact on well-hedged schemes, the industry says.
2020 volatility would not have led to CDC benefit cuts, Aon says
UK collective defined contribution (CDC) schemes would have weathered 2020 market volatility and would not have needed to cut member benefits, Aon says.
UK Pensions Awards 2020 - The Winners
Here they are - the winners of the UK Pensions Awards 2020...
Schemes to transfer £50bn of risk to insurers this year
Around £50bn of risk will be transferred to the bulk annuity and longevity swap market by the end of the year despite a slow start to the market, Aon says.
Aon sets out key areas for trustees to review to improve scheme effectiveness
Aon has published a paper aiming to help UK pension schemes review their operations and move to more effective approaches.
PP Rising Star Awards - The Winners
Here they are – the winners of the second annual Professional Pensions Rising Star Awards...
Smiths Group completes £142m buy-in with Aviva
The TI Group Pension Scheme, sponsored by industrial technology firm Smiths Group, has completed a £142m buy-in with Aviva.
Fiduciary Management Focus: Rory Murphy to deliver keynote on MNOPF's journey
Merchant Navy Officers Pension Fund chairman Rory Murphy is to deliver the opening keynote at Professional Pensions’ Fiduciary Management Focus conference next week.
Why schemes must avoid overreacting to disrupted CMI Model
While the CMI Model of longevity improvements has proved reliable, Covid-19 threatens to cause it to show an unrealistic falls in life expectancy. Tim Gordon explains why the industry should not overreact
Thames Water signs Aon for three-year master trust contract
Thames Water has contracted Aon to bring an “inspiring and innovative approach” to its 4,500-member strong defined contribution stakeholder plan.
Five stories you may have missed this week
This week’s top stories include findings from PwC that pensions schemes have been “shoehorned” into valuing liabilities against gilts, while Mercer launched a defined benefit master trust.
Sole corporate trusteeship not a positive trend, industry says
Almost half (49%) of the respondents to a Professional Pensions poll disagree that the trend toward sole corporate trusteeship is positive.
Bulk annuity market 'repeat buyer' trend to ensure H2 boost
The bulk annuity market’s ‘repeat buyers’ will continue to drive market volumes through 2020 with cautious insurers on the hunt for “a track record of successful deals”, Aon says.
UK investment consultants form joint working group on sustainability
A dozen UK investment consulting firms have established a group aiming to improve sustainable investment practices across the investment industry.
Countering the increased threat of pension scams
Pension scams are not new, but the number of pension scams has soared by 400% since the beginning of the COVID-19 pandemic. Tom Williams asks what is a trustee’s role in protecting members against pension scams?
Recovery plans fall by 2.2 years as schemes expect target within ten years
The average recovery plan length for schemes in deficit has fallen by 2.2 years compared to three years ago, according to an Aon study.
Third way needed in DB funding code; 'Evolution not revolution' urged on covenant
Oversimplification must be avoided in The Pensions Regulator’s (TPR) proposed revision of the defined benefit (DB) scheme funding code, and a third way might be necessary, the industry has said.
Fast track DB rules in danger of 'mission creep' and 'levelling down' scheme objectives
The Pensions Regulator’s (TPR) proposal for a ‘fast track’ approach to defined benefit (DB) scheme funding regulation is being “used too broadly” and in danger of suffering from “mission creep”, says Aon.
Hitachi completes £275m buy-in with L&G
The Hitachi UK Pension Scheme has agreed and completed a £275m buy-in deal with Legal & General (L&G) covering the remaining benefits in the scheme.
Siemens completes £530m buy-in with L&G
The Siemens Benefits Scheme has agreed a £530m buy-in with Legal & General (L&G), insuring the benefits of more than 2,300 pensioner members.
PP Investment Awards 2020 - Shortlists published
Here they are… The shortlists for this year's Professional Pensions Investment Awards.
Five stories you may have missed this week
This week’s top stories included Aon findings that the number of defined benefit schemes employing a sole trustee model is expected to double by 2025, while Scottish Widows invested £2bn as the inaugural investor in BlackRock’s new climate fund.
EXCLUSIVE: Sole trustees expect usage to double in next five years
The number of defined benefit (DB) schemes employing a sole trustee model is expected to double over the next five years, according to an Aon poll of the sector.
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