Business & Finance
Global lessons on financial wellness
David Harris says we should look to experiences and innovations in New Zealand, Australia and the US
Government demands commitments from Melrose over GKN bid
The government has pressed Melrose to make a series of binding commitments, including for pensions, over its hostile £8.4bn final takeover bid for GKN.
Sackers expands firm with new associate hire
Sackers has appointed Paige Willis as an associate to boost the expansion of its London-based alternative funding and contingent asset practice.
Have your say: Is pensions regulation reducing the number of lay trustees?
In this week's Pensions Buzz survey, we want to know whether regulation is forcing a reduction in the number of lay trustees.
GKN trustees agrees 'positive' mitigation measures with Melrose
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
BT and CWU agree to new 'hybrid' pension scheme
The closure of the BT Pension Scheme (BTPS) to future accrual means 20,000 active members will move to an 'enhanced' defined contribution (DC) scheme, after the company reached a deal with the union.
Melrose pledges £1bn to GKN schemes as part of final offer
Melrose has pledged to contribute up to £1bn to GKN's pension schemes as part of a final offer to acquire the engineering business.
Co-op gains £51.9m after switching pension scheme from RPI to CPI
The Co-operative Bank is set to continue de-risking pension schemes after it mitigated further losses by switching from the retail prices index (RPI) to the consumer prices index (CPI).
Prudential sells £12bn annuity book to Rothesay Life
Prudential has sold £12bn in annuity assets to reinsurance business Rothesay Life as part of its M&G demerger announced today.
May commissions taskforce to 'unlock capital to boost impact investment'
An industry taskforce aimed at boosting innovation in the finance industry to enhance the profitability of social impact investment has been commissioned by the prime minister.
USS invests in Yorkshire Water inflation-linked swaps
The £60bn Universities Superannuation Scheme (USS) has made a follow-on investment in Yorkshire Water inflation-linked notes, backed by inflation swap cash flows, to secure long-term returns.
Avida International hires Sarah Smart
Sarah Smart, who is chairwoman of The Pensions Regulator's (TPR) audit committee, has been appointed senior adviser at Avida International.
GKN proposes to pay £160m into pension schemes as part of demerger plans
GKN has announced plans to make a cash contribution of £160m into its defined benefit (DB) pension schemes as part of demerger plans designed to fend off a hostile takeover by Melrose Industries.
Five stories you may have missed this week
This week's top stories include articles about the CMI's latest mortality projections model and its accompanying report, which show a clear trend in life expectancy.
Why Carillion collapse highlights importance of AGM voting
With the AGM season just around the corner, Victoria Ticha looks at what we can learn following the recent collapse of the construction giant
Franklin Templeton expands UK consultant relations team
Franklin Templeton Investments has hired Aviva Investors' Christoph Butz as director of its UK consultant relations team.
Carillion: A shareholder fail?
One of the curiosities of Carillion's failure was how shareholders in the firm seemingly failed to notice the firm's demise.
Border to Coast LGPS pool appoints administrator and depositary
The Border to Coast Pension Partnership has selected Northern Trust as to provide third-party administration and depositary services ahead of the looming April deadline for pooling.
Hymans Robertson expands risk transfer team with partner hire from Prudential
Hymans Robertson has appointed Michael Abramson as a partner and risk transfer specialist to grow its risk reduction offerings.
Pension Protection Fund 7800 deficit slashed in half as gilt yields rise
The combined defined benefit (DB) deficit decreased by £52.8bn over January to £51.0bn on a section 179 basis, according to the Pension Protection Fund's (PPF's) latest update.
Trinity Mirror offers £41.2m cash for Northern & Shell pensions in planned M&A
The newspaper publisher is offering a one-off upfront £41.2m cash payment and £29.2m deficit recovery plan for the Northern & Shell defined benefit (DB) schemes as part of its planned acquisition.
WPP completes £140m buy-in deal with PIC to insure five schemes
Five schemes sponsored by advertising firm WPP have completed a buy-in with Pension Insurance Corporation - insuring £140m of pensioner and deferred liabilities.
PIC completes £725m longevity reinsurance deal with PartnerRe
Pension Insurance Corporation (PIC) has agreed to insure all its pensioner liabilities with PartnerRe in a deal set to cover its full buy-in of the Dockworkers Pension Fund.
SSGA hires EMEA head of institutional
State Street Global Advisors (SSGA) has announced it has appointed Miles O'Connor as its new head of institutional for Europe, the Middle East, and Africa (EMEA).
