Widely anticipated by market
LCP and Frontier Economics report finds there is ‘no clear case’ to override trustees’ investment decisions
Risk reduction transaction secures the benefits of over 1,800 pensioners and deferred members
Additions come as the terms of some existing policy board members come to an end
Valuation shows scheme delivered above inflation pension increase of 6.4%
Drop driven by lower new business margins on lower sales
LCP said around 70% of the pension provided by CDC will be from investment strategy and 30% from contributions
TPT talks about driving better governance, optimising value and improving outcomes
Growing number of master trusts and DB schemes offering restricted advice
Professional Pensions rounds up the largest block transfers of liabilities to insurers