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      Investment Conference

      This two part Investment Conference will bring you the latest updates from economists, asset managers and pension consultants. We will be taking a look at the outlook for the 2021 economy, alternatives, cashflow strategies and global equity markets to name a few, assessing how they fared through the volatility and what we can expect for the year ahead.

      • Date: 20 Jan 2021
      • Digital Conference
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      Webinar: Using passion for ESG to unleash member engagement

      This webinar will look at how pension schemes can harness their members’ interest in ESG to engage them more broadly with their pensions. In particular, it will look at exclusive research showing how members are reacting to ESG; their propensity to act versus their actual behaviour; and the expectations they have of providers in this regard.

      • Date: 26 Jan 2021
      • Webinar
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      Webinar: What to put on your GMP Equalisation project roadmap for 2021

      This webinar will bring together views from actuaries, lawyers, administrators, trustees and data experts to look at the pragmatic, collaborative solutions that are open to schemes to solve the GMP equalisation challenges in 2021. It will assess the individual challenges schemes face with equalisations and provide some practical options that are available to resolve these issues.

      • Date: 02 Feb 2021
      • Webinar
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      Webinar: Will the world return to normal in 2021?

      In this webinar, PP editor Jonathan Stapleton will be joined by BMO’s chief economist Steven Bell and director of fiduciary management, Christy Jesudasan, alongside PTL trustee director Melanie Cusack and Isio’s head of fiduciary management oversight Paula Champion to discuss the significant impact of these themes on the pensions sector.

      • Date: 04 Feb 2021
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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.

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Bulk annuities

Buy-in and buyout volumes to reach £30-£40bn in 2021; Superfund 'floodgate' may open
Buy-in and buyout volumes to reach £30-£40bn in 2021; Superfund 'floodgate' may open

Between £30bn and £40bn of pension risk is expected to be transferred to insurers via buy-ins and buyouts this year, Aon says.

  • Risk Reduction
  • 04 January 2021
Maersk agrees £1.1bn buy-in with L&G
Maersk agrees £1.1bn buy-in with L&G

The Maersk Retirement Benefit Scheme has agreed a £1.1bn buy-in with Legal & General (L&G) Assurance Society, protecting benefits for around 4,900 members.

  • Risk Reduction
  • 16 December 2020
BBC agrees £3bn longevity swap while Aon scheme completes £510m buy-in
BBC agrees £3bn longevity swap while Aon scheme completes £510m buy-in

The BBC Pension Scheme has completed a £3bn longevity swap deal with Zurich and Canada Life Reinsurance, covering the risk of pensioner and dependent members.

  • Risk Reduction
  • 15 December 2020
Aon agrees £510m buy-in with Scottish Widows
Aon agrees £510m buy-in with Scottish Widows

The Aon Retirement Plan has completed a £510m pensioner buy-in with Scottish Widows, insuring members in the Aon Bain Hogg Pension Scheme section.

  • Risk Reduction
  • 15 December 2020
National Grid completes £800m buy-in with Rothesay; Homestyle and Aviva agree £103m buyout
National Grid completes £800m buy-in with Rothesay; Homestyle and Aviva agree £103m buyout

The National Grid UK Pension Scheme has completed an £800m buy-in with Rothesay, its second bulk annuity transaction with the insurer.

  • Risk Reduction
  • 09 December 2020
A third of DB benefits to be insured by middle of 2020s, says LCP
A third of DB benefits to be insured by middle of 2020s, says LCP

The number of defined benefit (DB) scheme members with benefits protected by an insurer will double by the middle of the decade, according to Lane Clark & Peacock (LCP).

  • Risk Reduction
  • 30 November 2020
Aviva completes £875m second buy-in with own staff scheme
Aviva completes £875m second buy-in with own staff scheme

Aviva Life & Pensions has concluded an £875m buy-in with its own staff pension scheme, following on from a similar transaction last year.

  • Risk Reduction
  • 27 November 2020
Smiths Group completes £146m buy-in with Canada Life
Smiths Group completes £146m buy-in with Canada Life

The Smiths Industries Pension Scheme has secured a £146m buy-in with Canada Life in its fourth bulk annuity and its sponsor’s tenth overall.

  • Risk Reduction
  • 16 November 2020
Baker Hughes agrees £100m buy-in with Just
Baker Hughes agrees £100m buy-in with Just

The Baker Hughes (UK) Pension Plan has secured approximately £100m of liabilities through a buy-in with Just Group.

  • Risk Reduction
  • 11 November 2020
Reckitt Benckiser completes £415m buy-in with Scottish Widows
Reckitt Benckiser completes £415m buy-in with Scottish Widows

The Reckitt Benckiser Pension Fund has secured a £415m buy-in with Scottish Widows, insuring the benefits of around half of pensioners.

  • Risk Reduction
  • 10 November 2020
Just Group insures two schemes for £22m
Just Group insures two schemes for £22m

Just Group has insured £22m of benefits for pensioners at two unnamed schemes, with support from K3 Advisory and Cartwright Benefit Solutions.

  • Risk Reduction
  • 10 November 2020
M&S completes £750m buy-ins with Aviva and Phoenix
M&S completes £750m buy-ins with Aviva and Phoenix

The Marks and Spencer (M&S) Pension Scheme has completed two buy-ins with Aviva and Phoenix, insuring a total of £750m of benefits.

  • Risk Reduction
  • 04 November 2020
BHS Senior Management Scheme completes PPF+ buy-in with L&G
BHS Senior Management Scheme completes PPF+ buy-in with L&G

The BHS Senior Management Scheme has agreed a £2.5m buy-in with Legal & General (L&G) Assurance Society, securing benefits outside of the Pension Protection Fund (PPF).

  • Risk Reduction
  • 04 November 2020
Old British Steel scheme completes £2bn buy-in with PIC
Old British Steel scheme completes £2bn buy-in with PIC

The Old British Steel Pension Scheme (OBSPS) has agreed a £2bn full buy-in with Pension Insurance Corporation (PIC), one step closer to exiting Pension Protection Fund (PPF) assessment.

  • Risk Reduction
  • 22 October 2020
Bulk annuities: Optimise the inputs to improve the outcome
Bulk annuities: Optimise the inputs to improve the outcome

Much like when selling a house, DB plans need to tidy up before approaching the bulk annuity market, says David Ellis.

  • Risk Reduction
  • 20 October 2020
Just completes £340m buy-in with Ibstock scheme
Just completes £340m buy-in with Ibstock scheme

Just Group has completed a £340m buy-in with the Ibstock Pension Scheme in the insurer’s largest ever bulk annuity transaction.

  • Risk Reduction
  • 20 October 2020
2020 is offering de-risking opportunities for smaller schemes
2020 is offering de-risking opportunities for smaller schemes

With a recent rise in the number of smaller schemes undertaking bulk annuity transactions, Charlotte Quarmby sets out why now might be the right time for smaller pension schemes looking to de-risk.

  • Risk Reduction
  • 16 October 2020
Two in five schemes expect to transfer risk within three years, finds Willis Towers Watson
Two in five schemes expect to transfer risk within three years, finds Willis Towers Watson

Two in five UK defined benefit (DB) schemes expect to complete a bulk annuity or longevity swap transaction within the next three years, Willis Towers Watson research finds.

  • Risk Reduction
  • 14 October 2020
What Covid-19 means for longevity and bulk annuities
What Covid-19 means for longevity and bulk annuities

Darryl Brundle and Ashley Kanter look at the contrasting pressures and easements on longevity associated with the pandemic

  • Risk Reduction
  • 13 October 2020
Self-sufficiency falls in popularity as long-term objective
Self-sufficiency falls in popularity as long-term objective

Fewer pension schemes are targeting self-sufficiency as their long-term objective while bulk annuity pricing improves and the consolidation market opens up.

  • Risk Reduction
  • 08 October 2020
Schemes to transfer £50bn of risk to insurers this year
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.

  • Risk Reduction
  • 05 October 2020
Smiths Group completes £142m buy-in with Aviva
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.

  • Risk Reduction
  • 24 September 2020
Overloaded bulk annuity market to kickstart superfunds
Overloaded bulk annuity market to kickstart superfunds

A burgeoning superfund market could be on the cards within three years as defined benefit (DB) scheme trustees and sponsors face myriad legislative, economic, and capacity issues, says Lane Clark & Peacock (LCP).

  • Risk Reduction
  • 14 September 2020
Bulk annuity market on course for second busiest year after £12.6bn first half
Bulk annuity market on course for second busiest year after £12.6bn first half

Around £12.6bn of buy-ins and buyouts were completed in the first half of 2020 despite the onset of the Covid-19 pandemic, according to Lane Clark & Peacock (LCP) analysis.

  • Risk Reduction
  • 11 September 2020
123

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