Marks and Spencer has reached an agreement with the trustees of its defined benefit (DB) pension scheme to increase annual cash contributions for future service by £15m.
Trustees have yet to prioritise cash management despite the fact that half of FTSE350 defined benefit (DB) schemes are turning cash flow negative, according to Hymans Robertson.
Low & Bonar has completed a medically underwritten buy-in of £34m of liabilities within its defined benefit (DB) pension scheme.
If structured correctly longevity swaps should not form a barrier to schemes going on to do buy-ins or buyouts according to Murray Blake.
Volumes of buy-ins and buy-outs exceeded £11bn for 2015 according to Lane Clark & Peacock (LCP).
Trustees and their advisers can do little to plug deficits of defined benefit (DB) schemes in the face of market forces which are beyond their control, says Andrew Warwick-Thompson.
Scottish Widows has entered the bulk annuity market and expects to announce its first deal in the coming weeks.
William Bourne and Eamonn O'Connor debate the pros and cons of de-risking
Murray Blake has been appointed a consultant by LCP to work in its pension de-risking section, taking the practice to over 30 partners and consultants.
Anna Rogers - the former Mayer Brown partner who co-founded ARC Pensions in June - hopes her new boutique pensions law firm will expand to 20 lawyers.