Over a third of defined benefit (DB) trustees have helped their members source financial advice in the lead up to their retirement, research shows.
Aggregate spending on defined benefit (DB) pensions has dropped from £19bn to £15bn in 12 months, according to Hymans Robertson.
The Aegon UK Staff Retirement and Death Benefit Scheme has secured a £144m buy-in with Phoenix, covering around a quarter of pensioner liabilities.
This week’s top stories include the approval of the settlement deal between British Airways and the trustees of the Airways Pension Scheme, and calculations that show pension schemes could save 20% if they move to a defined contribution master trust....
Pension Insurance Corporation (PIC) has agreed a £750m bulk annuity transaction, converting a pensioner longevity swap held by the Scottish Hydro Electric Pension Scheme (SHEPS) into a buy-in.
The Combined Nuclear Pension Plan (CNPP) has appointed Aon Hewitt as an investment adviser for its defined benefit (DB) section, replacing Hymans Robertson.
Pension schemes face higher liabilities as improvements in mortality rates trend towards their highest level in a decade.
The government has scrapped plans to go ahead with an Autumn Budget on 6 November as prime minister Boris Johnson continues to push for a general election before the end of the year.
In the second of a series of interviews with fiduciary evaluators, Margie Lindsay speaks to Hymans Robertson's Mark Baker about his firm’s approach to fiduciary assessment.
AE has successfully brought millions of people into pension savings. But, as Kim Kaveh writes, it is far from perfect.