Sponsoring employers could be hit with a bill of around £34bn bill under TPR’s new DB funding code
PP brings together all the people moves in the pensions industry over the past week
LCP survey respondents fear new regime will generate substantially more work for schemes
LCP said the rising costs should be welcomed as evidence of the success of auto enrolment
Deal comes on the back of a £300m pensioner-only buy-in completed in 2014
Buy-in and buyout volumes anticipated to exceed the £43.8bn seen in 2019
Transfer quotations hit lows in Q3 2022 but have recovered into November
The industry has responded to TPR’s DB funding code consultation
Report shows stark difference in provision between private and public sector schemes
The bulk annuity deal insures the DB liabilities for around 3,700 members