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  • Events
    • Upcoming events
      event logo
      Assessing the benefits of real assets webinar

      This webinar looks at some of these issues – assessing the cashflow matching attributes of real assets, examining how ESG can be integrated into this asset class and also looking to address some of the concerns investors have about the asset class.

      • Date: 12 Dec 2019
      • London
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      The Future of Pension Scheme Data webinar

      This webinar will look at the future of pension scheme data – asking the steps that both DB and DC schemes, and their administrators, can take to improve their data; discuss what is best practice and assess the benefits of different approaches.

      • Date: 29 Jan 2020
      • London
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      Admin & Data Forum

      Professional Pensions is thrilled to announce the launch of our brand-new event for 2020, the Admin & Data Forum taking place on 11 February. This event sees the return of our incredibly popular Admin Forum but now with an additional focus on the technology and data issues that schemes are facing.

      • Date: 11 Feb 2020
      • London
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      Women in Investment Festival 2020

      Investment Week, Professional Adviser, Professional Pensions, Retirement Planner and Investment Europe have collaborated to launch the Women in Investment Festival 2020, in partnership with HSBC Global Asset Management.

      • Date: 03 Mar 2020
      • The Brewery 52 Chiswell Street London EC1Y 4SD, London
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  • Whitepapers
    • How DC schemes can gain exposure to different asset classes in a low-return environment

      So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap,' ‘pension freedoms' or consultations around ‘value for money', says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).

      Download
      Pension freedoms three years on

      In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.

      Download
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  • Spotlights
    • Spotlights

      Welcome to Professional Pensions's Spotlight section, where we focus in on particularly important themes and topics for the pensions market.

      Fiduciary Management Spotlight

      Professional Pensions, in association with Schroders, is hosting the Fiduciary Management Channel.

Professional Pensions
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Bulk annuities

Enabling the endgame: Why IRM has been crucial to bumper bulk annuity deals
Enabling the endgame: Why IRM has been crucial to bumper bulk annuity deals

Greater regulatory focus on covenant, holistic risk management, and long-term targets has helped proactive schemes approach their endgames earlier, says Adolfo Aponte.

  • Risk Reduction
  • 04 December 2019
National Grid agrees £1.6bn buy-in with L&G in second deal this year
National Grid agrees £1.6bn buy-in with L&G in second deal this year

The National Grid UK Pension Scheme has agreed its second buy-in this year, transferring £1.6bn of pension risk to Legal & General (L&G).

  • Risk Reduction
  • 26 November 2019
Carter & Parker scheme completes £9m buy-in with Canada Life
Carter & Parker scheme completes £9m buy-in with Canada Life

The Carter & Parker Limited Staff Retirement Benefits Plan (1975) has agreed a £9.3m bulk annuity deal with Canada Life.

  • Risk Reduction
  • 19 November 2019
Phoenix insures £144m of Aegon scheme liabilities
Phoenix insures £144m of Aegon scheme liabilities

The Aegon UK Staff Retirement and Death Benefit Scheme has secured a £144m buy-in with Phoenix, covering around a quarter of pensioner liabilities.

  • Risk Reduction
  • 19 November 2019
Number of small scheme bulk annuities falls 30% in five years
Number of small scheme bulk annuities falls 30% in five years

There has been a 30% reduction in the number of small scheme buy-in and buyout transactions, highlighting how insurer attention has shifted towards larger deals.

  • Risk Reduction
  • 25 October 2019
Tumbling bulk annuity records should ring alarm bells for small schemes
Tumbling bulk annuity records should ring alarm bells for small schemes

Mega-deals have dominated the buy-in and buyout market this year, limiting insurer appetite for smaller transactions. John Breedon looks at how small schemes can get ahead for next year.

  • Risk Reduction
  • 22 October 2019
2019's 'jumbo' bulk annuities bigger than any full-year volume
2019's 'jumbo' bulk annuities bigger than any full-year volume

Small schemes are facing “obvious challenges” in grabbing insurer attention as “jumbo” deals are beginning to typify the bulk annuity market, Aon says.

  • Risk Reduction
  • 21 October 2019
Schemes with poor record keeping should receive harsher punishments
Schemes with poor record keeping should receive harsher punishments

Schemes with poor record keeping should be handed harsher punishments, say the majority of this week’s 83 Pensions Buzz respondents.

  • Industry
  • 16 October 2019
National Grid scheme completes £2.8bn buy-in with Rothesay Life
National Grid scheme completes £2.8bn buy-in with Rothesay Life

The National Grid UK Pension Scheme has agreed a £2.8bn buy-in deal with Rothesay Life, covering the benefits of an unspecified number of pensioner members.

  • Risk Reduction
  • 08 October 2019
Buy now while stocks last: Risk reduction ramps up
Buy now while stocks last: Risk reduction ramps up

As the risk reduction market gets busier and busier, Jonathan Stapleton says preparations must become more comprehensive for schemes to gain a foothold.

  • Risk Reduction
  • 03 October 2019
Five stories you may have missed this week
Five stories you may have missed this week

This week’s top stories include Thomas Cook’s four pension schemes being poised to enter a Pension Protection Fund assessment period.

  • Industry
  • 27 September 2019
Allied Domecq agrees £3.8bn buy-in with Rothesay Life to take 2019 deals past £30bn
Allied Domecq agrees £3.8bn buy-in with Rothesay Life to take 2019 deals past £30bn

The Allied Domecq Pension Fund has insured £3.8bn of members’ benefits with Rothesay Life, in the market’s largest deal to cover both pensioner and deferred members.

  • Risk Reduction
  • 27 September 2019
Rothesay Life agrees £4.7bn buyout of GEC scheme; Biggest ever deal smashes 2018 volumes
Rothesay Life agrees £4.7bn buyout of GEC scheme; Biggest ever deal smashes 2018 volumes

Rothesay Life has agreed the UK’s largest ever bulk annuity deal to date – a £4.7bn buyout of the GEC 1972 Plan, making 2019 officially a record-breaking year.

  • Risk Reduction
  • 26 September 2019
'Fashionable' buy-ins delaying journey to buyout
'Fashionable' buy-ins delaying journey to buyout

Pension schemes could be accidentally pushing themselves further from their endgame by agreeing “fashionable” buy-ins with insurers.

  • Risk Reduction
  • 25 September 2019
DB schemes continue move out of equities in favour of illiquids
DB schemes continue move out of equities in favour of illiquids

Over half of all UK defined benefit (DB) schemes have reduced their investment in equities over the last two years while diversifying into alternative growth assets, according to Aon.

  • Defined Benefit
  • 24 September 2019
The potential pitfalls of a buy-in
The potential pitfalls of a buy-in

While buy-ins can provide an immediate reduction to liability values, schemes run the risk of retaining key risks and storing up problems, says Jos Vermeulen

  • Risk Reduction
  • 09 September 2019
Sportech scheme completes buy-in with Just
Sportech scheme completes buy-in with Just

The Sportech Pension Scheme has entered into an agreement with Just Group for a £2.5m buy-in ahead of a planned buyout.

  • Risk Reduction
  • 23 August 2019
Hitachi scheme agrees hybrid benefit buy-in with L&G
Hitachi scheme agrees hybrid benefit buy-in with L&G

The Hitachi Data Systems Retirement Benefits Plan has agreed a buy-in with Legal & General (L&G) Assurance Society, covering both defined benefit (DB) and defined contribution (DC) provision.

  • Risk Reduction
  • 14 August 2019
Five stories you may have missed this week
Five stories you may have missed this week

This week's top stories included HSBC's scheme completing a £7bn longevity swap with PICA and the government announcing it would review the tapered allowance for NHS scheme members.

  • Industry
  • 09 August 2019
Rothesay Life agrees £520m buy-in with Cadbury scheme
Rothesay Life agrees £520m buy-in with Cadbury scheme

The Cadbury Mondelēz Pension Fund has agreed a £520m buy-in with Rothesay Life, insuring benefits for around 1,900 pensioner members.

  • Risk Reduction
  • 09 August 2019
Bulk annuity market breaks yet another record with £17bn of first half deals
Bulk annuity market breaks yet another record with £17bn of first half deals

Around £17.5bn of buy-ins and buyouts were transacted in the first half of the year as market records continue to tumble.

  • Risk Reduction
  • 08 August 2019
Phoenix completes further £1.1bn buy-in with own scheme
Phoenix completes further £1.1bn buy-in with own scheme

Phoenix Life has completed a £1.1bn buy-in with its own defined benefit (DB) plan, the PGL Pension Scheme, it has announced.

  • Risk Reduction
  • 07 August 2019
PIC to raise debt capital to back booming bulk annuity business
PIC to raise debt capital to back booming bulk annuity business

Pension Insurance Corporation (PIC) has announced plans to raise further debt capital in order to support business growth in a burgeoning bulk annuity market.

  • Risk Reduction
  • 12 July 2019
FCA Pension Plan slashes deficit by 28%
FCA Pension Plan slashes deficit by 28%

The deficit in the Financial Conduct Authority's (FCA) defined benefit (DB) scheme fell by £32.3m over the course of the year to 31 March this year, the watchdog has revealed.

  • Defined Benefit
  • 10 July 2019
123

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Further delay to professional trustee accreditation framework
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General levy increase gets broadly negative response from industry
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NHS is not responsible for tapered allowance issues, says industry
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