Here it is, our monthly digest of the most important pension articles Professional Pensions has written and published over the last month, along with some contextual notes.
This week’s top stories include Axa’s deferred longevity swap with Hannover Re, and Capita’s restructuring plans for simplifying the business.
The Axa UK Group Pension Scheme has agreed a £3bn longevity swap with Hannover Re, insuring the longevity risk of a largely non-pensioner population.
The US economy is on course to do better than Europe post-lockdown, thereby supporting US equities but raising inflation worries, according to economists.
Covid-19 has had a seismic impact on regular office life. Nick Martindale looks at how employee benefits provisions are expanding to reach the new normal
Outflows from UK equity funds gathered pace in August, with £2.6bn of assets being pulled from the market area over the course of the month, according to Morningstar’s latest fund flows report.
As more schemes look at building a CDI strategy amid the economic crisis, Sebastien Proffit looks at what to consider.
The majority of schemes are now using cashflow-driven investment (CDI) strategies as closures drive up the number of pensioners, AXA Investment Managers (AXA IM) research finds.
UK inflation hit a six-month high of 2.7% in September, having held steady earlier this year. The rise is not good news for consumers - slowing the recovery in spending power.
Partner Insight: How have companies like Amazon contributed to the megatrend tech revolution?
Partner Insight: From climate change, to AI, investors are increasingly turning to different themes in order to generate an income. But which megatrends are a viable long-term investment opportunity?
Partner Insight: For many investors, bonds represent only a 'safe haven' or 'low yielding' type of investment. But not all bonds represent safety, and there are many types of bonds that are able to provide a steady or high yield in all sorts of interest...
Partner Insight: The dangers of having too much debt in the economy are many, and as global debt hits a trillion-dollar high there are fears we could heading for a repeat of the global financial crisis.
Jonathan Stapleton looks at the firms who were advertising in the first editions of Professional Pensions and how the consultancy, asset manager and provider markets have changed over the past 20 years
Hymans Robertson has appointed Karen Brolly as head of products within its life and financial services practice.
AXA Investment Managers (AXA IM) has promoted Franz Wenzel to institutional solutions strategist.
Standard Life has acquired platform Axa Elevate while Axa UK confirmed plans to sell off its Wealth business.
Smaller schemes are increasingly looking to benefit from longevity de-risking opportunities offered through swaps and bulk annuities, accordingly to JLT Employee Benefits.
Government plans to merge ISAs and pensions would harm retirement saving and mean more retirees run out of money, Axa Wealth head of retirement planning Andy Zanelli has warned.
The trustees of the AXA UK Group Pension Scheme have agreed a £2.8bn longevity swap with Reinsurance Group of America (RGA).
The Pensions Ombudsman (PO) has ordered two wealth managers to make up the investment losses incurred by a pensioner on the late transfer of his drawdown fund.
Financial resilience is a high indicator of financial wellbeing. Debi O'Donovan explores how employers can effectively meet the problem for their workforce and boost business productivity.
Employees aged between 30 and 49 are more stressed and take significantly more sick leave than their colleagues.
Naomi Rainey looks at the trend for investment that brings social as well as financial benefit