Polarisation of the annuity market is set to cut profit margins for traditional ‘roll-over' annuity providers unless they adapt their business models, Hymans Robertson predicts.
Pension deficits increased more than 50% last year, but widening spreads between corporate bonds and gilts have masked an even greater deterioration in funding positions, argues Hymans Robertson.
Andrew Short explains what trustees will have to concentrate on to manage auto-enrolment.
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The latest inflation figures will bring home the effect of the switch from RPI to CPI for scheme members as the gap between the two widens, warns an inflation expert.
Trustees of the Michelin UK's Pension and Life Assurance Plan have appointed Hymans Robertson to act as the consultant to its defined contribution section.
Longevity swaps are rapidly outpacing the value of buyout and buy-in deals with risk transfer volumes hitting a new high of £11bn last year, latest figures show.
Pilkington Superannuation Scheme has insured £1bn of liabilities against unexpected longevity increases, in a deal which confirmed 2011 as a record year for the de-risking market
Pension schemes are considering whether to exchange gilt holdings for buy-in insurance policies as yields fall to record lows, Hymans Robertson says.
Lord Hutton's plans for a LGPS career average scheme are set to be brought forward a year to 2014 to offset disputed member contribution hikes, PP understands.