Trust and reputation, not product viability, are the key factors shaping endgame decisions
Report says key question should be ‘how will this benefit the end member?’
A Pfizer Group-sponsored defined benefit (DB) pension scheme has completed a £190m buy-in with Aviva, following a slow start to the year in bulk annuity business for the insurer.
The UBS (UK) Pension and Life Assurance Scheme has hedged the longevity risk of around half its defined benefit (DB) liabilities through a £1.4bn longevity swap completed with Zurich and Canada Life Reinsurance.
The Pensions Regulator (TPR) has rebutted an assertion by ITV that its anti-avoidance action in relation to the Box Clever Group Pension Scheme is a breach of the human right to property.
Granada and Thorn sold their respective TV rental businesses for too high a price, meaning the eventual Box Clever venture was too highly leveraged, the Upper Tribunal has been told.