LCP

Orthopaedic firm Smith & Nephew has entered into a buy-in with Rothesay Life for its two defined benefit (DB) schemes covering £190m of liabilities.

The First Quench Pension Fund has secured a £160m buy-in that will keep the 2,000-member scheme out of the Pension Protection Fund (PPF).

LCP has announced the promotion of nine members of staff to partner, including former Metlife director Emma Watkins.

Jack Jones examines the latest developments for IORP II

The latest set of financial results from FTSE companies has re-ignited the debate over smoothing discount rates as strong asset returns were wiped out due to falls in discount rates.

Deficits at the UK's biggest schemes rose more than 20% in January despite big gains on the stock market, according to research from Mercer.

The Western United Group Pension Scheme, one of Vestey Group's schemes, has agreed a £115m buy-in with Rothesay Life.

The ‘no change' announcement by the Office for National Statistics has added £20bn to FTSE100 deficits as gilt market expectations for inflation increased.

The Chamber of Shipping Retirement Benefits Plan has completed a £40m buy-in using a fixed fee service aimed at smaller schemes.

The Department for Work and Pensions is to close a loophole in auto-enrolment legislation which would have allowed employers using the defined contribution sections of hybrid schemes to defer enrolling until 2017.