LCP
UPDATED: The biggest buy-ins and buyouts announced since 2007
There have now been a total of around 50 buy-in and buyout deals of over £500m announced since 2007. The full list, provided courtesy of LCP, is as follows...
Royal London and LCP call for wider access to partial DB transfers
There needs to be wider access to partial transfers out of defined benefit (DB) schemes, according to a joint paper published by Royal London and Lane Clark & Peacock (LCP).
Is NEST setting a benchmark for other DC schemes?
NEST has allocated 5% of assets to private credit and announced its two fund managers for this area. Holly Roach looks at how the provider is leading the way for other schemes
Tate & Lyle secures £930m buy-in with L&G
The Tate & Lyle Pension Scheme has completed a £930m full buy-in with Legal & General (L&G), insuring benefits for around 4,800 members.
Life expectancy improvements slow as think-tank suggests faster state pension age rise
The Centre for Social Justice has proposed raising the state pension age to 75 by 2035, despite a slowdown in mortality improvements. Holly Roach reports
Five stories you may have missed this week
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Exclusive: LCP posts 16% growth in DC revenues and record revenue
Lane Clark and Peacock (LCP) achieved a record total revenue of £114.9m in the 2018/19 financial year, partly helped by a 15.5% growth in revenues from its defined contribution (DC) business.
UPDATED: The UK's biggest pension consulting firms
PP has analysed the accounts of the biggest pension consulting firms and recorded the turnover (revenue) in their most recent accounts. The full leaderboard is below…
Active equity fees fall by 11% in two years, while corporate bond fees rise
LCP research reveals global active equity fees have fallen for yet another year, while corporate bond fees are on the rise. Holly Roach looks at the findings.
Bulk annuity market breaks yet another record with £17bn of first half deals
Around £17.5bn of buy-ins and buyouts were transacted in the first half of the year as market records continue to tumble.
British American Tobacco scheme completes £3.4bn buy-in with PIC
The British American Tobacco (BAT) UK Pension Fund has completed a £3.4bn buy-in with Pension Insurance Corporation (PIC), the largest buy-in transaction including pensioner and deferred members.
TPR moots move to single code of practice with 'clear and consistent' expectations
The Pensions Regulator (TPR) is considering plans to combine its 15 codes of practice into a single, shorter code as part of its 'clearer, quicker and tougher' initiative.
Trustees should focus on journey, not just the goal, says LCP
The journey to endgame for defined benefit (DB) schemes can be just as important on focusing on long-term funding targets, according to Lane Clark and Peacock (LCP).
Bulk annuity transactions will top £15bn in H1, predicts LCP
Lane Clark and Peacock (LCP) has predicted the total volume of buy-ins and buyouts will surpass £15bn in the first half of this year, more than double 2018 H1 volumes.
UK retirees outlive their savings by a decade, finds World Economic Forum
People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
The issue with renewables is supply, not lack of demand
Dan Mikulskis says for pension schemes to engage with their members, they need to have the ability to invest in assets like renewable energy or social housing
Five stories you may have missed this week
This week's top stories included LCP appointing its first chief executive and Dunnes Stores' defined contribution scheme trustees being replaced after "governance failures".
Exclusive: LCP appoints first CEO in management structure shake-up
Lane Clark and Peacock (LCP) has appointed Aaron Punwani as its first chief executive as the firm reshapes its management structure in a bid to support growth and innovation.
UK Pensions Awards 2019 - The Winners
Here they are - the winners of the UK Pensions Awards 2019...
M&S completes £1.4bn buy-ins with Phoenix and PIC
The Marks and Spencer Pension Scheme has completed buy-in deals worth £1.4bn with two insurers, mirroring similar transactions last year.
LCP: FTSE 100 scheme funding to fall by £100bn if accounting rules change
Potential changes to accounting standards and increased pressure on companies to accelerate contributions could worsen FTSE 100 scheme funding by up to £100bn, according to Lane Clark and Peacock (LCP).
Legal & General completes £95m buy-in with 3i scheme
The 3i Group Pension Plan has agreed a £95m bulk annuity transaction with Legal & General (L&G).
Dresdner Kleinwort Pension Plan agrees £1.2bn buy-in; Deal covers hybrid benefits
The trustees of the Dresdner Kleinwort Pension Plan have completed a full £1.2bn buy-in with Pension Insurance Corporation - covering the scheme's £900m final salary section as well as a £300m money purchase section.
Five stories you may have missed this week
This week's top stories included NEST applying to the regulator for authorisation, while Welplan announced plans to drop out of the master trust market.
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