Hymans Robertson

Only 7% of workplace pension professionals believe employers would set up trust-based schemes to take advantage of short-service refunds, a study shows.

GlaxoSmithKline's £900m buy-in deal last year would not have been possible without transition managers, its director of pensions finance, investments and risk Martin Mannion says.

UK - GlaxoSmithKline's £900m ($1.5bn) buy-in deal last year would not have been possible without transition managers, said Martin Mannion, director of pensions finance, investments and risk.

More than one-third of active defined benefit scheme members could see their benefits reduced if a £155 flat-rate state pension is introduced in 2015.

NEST laid out its default investment strategy last week and it can fairly be described as cautious.

The government has hinted at cutting employer tax relief on asset-backed contributions to defined benefit pension schemes.

UK - The pension scheme risk transfer market is set to grow a further £20bn ($32bn) over the next 18 months, Hymans Robertson figures predict.

The pension scheme risk transfer market is set to grow a further £20bn over the next 18 months, Hymans Robertson figures predict.

Hutton recommendations will not necessarily reduce the level of income in retirement for the majority of members, actuaries say.

The Hutton Report has been welcomed by the industry, which claims it could increase pensions for the low paid, but left unions warning of industrial action.