Isio’s new index shows the LGPS is now fully funded on a ‘low-risk’ basis
Improved funding levels have prompted trustees to reduce illiquid asset allocations
Majority of DB trustees will approach insurer about de-risking in the near future
Larger transactions likely to become ‘bread and butter’ of risk reduction market
A recent Sackers poll shows many schemes still ‘have some way to go’ on de-risking
BSPS completes £2bn buy-in with L&G and WTW predicts £60bn of DB de-risking in 2023
Industry members recognised in New Year Honours list, and Natwest hires CEO and CIO
Buy-in and buyout volumes anticipated to exceed the £43.8bn seen in 2019
Nimble footwork enables small schemes to compete with the big boys in the buyout market, says Stephanie Hawthorne.
Pension Insurance Corporation (PIC) insured £7.2bn of scheme liabilities over the course of 2019, recording more new business than in any year prior.