Isio

This week’s top stories included Isio’s first financial results, while the Association of British Insurers insured 191 members’ benefits in a £26m buy-in with Aviva.

Isio, the former pensions advisory arm of KPMG, has recorded revenues of £41.2m in its first seven months as a standalone business.

Trustees need support for what is a major extension of their role as part of the move to improve pension scheme reporting on climate change, the Association of Consulting Actuaries (ACA) says.

The Civil Aviation Authority (CAA) and Sydney Packett & Sons have agreed bulk annuity deals for their pension schemes with Legal & General (L&G) respectively.

The industry has provided a predominantly negative response to the confirmation today that the lifetime allowance will be frozen at £1,073,100 until April 2026.

The Investment Consultants Sustainability Working Group (ICSWG) has launched a guide to help trustees assess their investment consultants’ climate competency.

The long-debated Pension Schemes Bill has received parliamentary approval, guaranteeing its place on the statute book.

This week’s top stories included news that buy-in and buyout volumes are set to reach £30-£40bn in 2021, while Pensions Infrastructure Platform owner announced its intention to float on the London Stock Exchange.

The Scottish Enterprise Pension & Life Assurance Scheme (SEPLAS) has appointed Hymans Robertson and Isio following a formal tender process.

The National Grid UK Pension Scheme has completed an £800m buy-in with Rothesay, its second bulk annuity transaction with the insurer.