This year has been one of the most turbulent periods for many pension scheme trustees. Those best able to navigate their way through it, have had strong governance in place, with their decision-making guided by a focus on achieving their long-term strategy. In the current market this is often easier said than done.
Aon has been re-appointed by the £400m ITN Pension Scheme to provide fiduciary management services.
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.
UK collective defined contribution (CDC) schemes would have weathered 2020 market volatility and would not have needed to cut member benefits, Aon says.
Here they are - the winners of the UK Pensions Awards 2020...
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 has published a paper aiming to help UK pension schemes review their operations and move to more effective approaches.
Here they are – the winners of the second annual Professional Pensions Rising Star Awards...
The TI Group Pension Scheme, sponsored by industrial technology firm Smiths Group, has completed a £142m buy-in with Aviva.
Merchant Navy Officers Pension Fund chairman Rory Murphy is to deliver the opening keynote at Professional Pensions’ Fiduciary Management Focus conference next week.