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.
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.
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...
More pension schemes and their members are becoming interested in using bridging pensions as a result of Covid-19, according to Aon.
Charlotte Moore looks at how the Covid-19 economic crisis will affect funding for schemes in differing amounts.
The Unomedical Pension Plan has agreed to a £10m buyout of its 65 members’ liabilities with Aviva.
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.
Multi-national companies must consider complex methods for scheme funding including increased flexibility on retirement benefits, Aon says.
Charlotte Moore looks at industry efforts to why improving members' financial wellbeing and retirement planning is crucial in a crisis situation.
Schemes can tap into elevated illiquidity elements by incorporating global investment-grade credit into a liability driven investment (LDI) strategy, says Aon.
30 years after the infamous Barber judgment, Tom Yorath looks at how the GMP equalisation problem has progressed against advances in technology
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.
The Co-operative Pension Scheme (Pace) has entered into its fourth bulk annuity transaction of 2020, agreeing a £350m buy-in with Aviva.
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.
After a bumper year, insurers are now facing a slower and smaller pipeline as schemes grapple with Covid-19, writes James Phillips.
Half of UK pension schemes have sent “reassuring communications” to members during the Covid-19 pandemic, according to Aon.
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.
The Leonardo Electronic Pension Scheme has concluded a £160m pensioner buy-in with Just Group in the scheme’s first risk transfer exercise.
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.
The Society of Pension Professionals (SPP) has named James Riley as president for a two-year term beginning 1 June.
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 should “stick to their convictions” and long-term policies in the face of market falls caused by Covid-19, Aon says.
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
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...