Scheme sponsors are increasingly transferring property to insurance companies in risk reduction deals as insurers develop innovative ways of taking on scheme liabilities, experts say.
UK - Pension schemes are expected to shift a further £20bn ($32bn) of liabilities to insurance companies and banks over the next 18 months, according to Hymans Robertson.
Pension schemes are expected to shift a further £20bn of liabilities to insurance companies and banks over the next 18 months, according to Hymans Robertson.
Global Pensions gathered a panel of experts to discuss the strengths and weaknesses of transition management
Ronnie Bowie has won the Pensions Personality of the Year award.
Hymans Robertson has bolstered its public sector team, hiring Linda Selman as head of public sector investments and reappointing Alison Murray head of policy and technical development.
Schools switching to academy status could face higher pension contribution rates because they will no longer have the same degree of funding security as council run schools.
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.