An increase in liabilities across UK defined benefit schemes in March wiped out improvements in funding levels reported over the last quarter, according to research from JLT Pension Capital Strategies.
JLT Pension Capital Strategies head of buyouts Martyn Phillips looks at how medically underwritten bulk annuity deals could cut the cost of de-risking.
Partnership has completed two medically underwritten buy-ins in a development academics say could kick-start a £380bn market.
UK pension funds finished 2012 in slightly better health than they began the year after a rise in asset values pushed average funding ratios to 90%, according to JLT Pension Capital Solutions.
More than £900m bulk annuity transactions were agreed between July and September 2012, bringing total business to £2.5bn in the year so far.
The deficit across private sector pension schemes has climbed by £20bn since October 2011, JLT Pension Capital Strategies research reveals.
Activity in the bulk annuity market picked up last month after a slow start to the year, says Towers Watson.
The liabilities of the FTSE350's schemes have reached 35% of their sponsoring employers' combined market capitalisation, Aon Hewitt says.
The industry has welcomed the code of conduct on enhanced transfer value exercises and pension increase exchanges, but questions remain over how it will impact take-up of offers.
JLT Pension Capital Strategies has appointed Martyn Phillips as head of buyout consulting from 2 April.
Combined UK defined benefit deficits improved by £5bn to total £265bn at the end of January, latest figures from the Pension Protection Fund show.
A "significant number" of FTSE250 companies operate a pension scheme which represents a material risk to the business, analysis reveals.
Proposals to bring iorps directive into line with solvency ii rules receive negative UK response.
Scheme bond allocations will hit 70% within five years as investors seek a "safe path" away from equity volatility to more stable assets, JLT Pension Capital Strategies predicts.
UK private sector pension funding soaring levels soared over 90% last month, with FTSE100 companies reducing their deficits by £26bn.
The aggregate deficit of UK defined benefit schemes improved by £15bn last month despite market volatility, thanks to price inflation outlook, Xafinity Corporate Solutions says.
Making further, deeper changes to public sector pensions is the only way they will ever be fair to taxpayers, Charles Cowling says.