The Pensions Institute has called for urgent action after its research found one in ten defined benefit (DB) schemes would "never ever" pay benefits in full.
The impact of Solvency II on bulk annuity pricing will be limited, but schemes with generous options could see hefty increases, finds Jack Jones
The last 12 months could set the scene for more upheaval
The Association of Member-Nominated Trustees (AMNT) has launched an initiative to give pension schemes more power to influence the companies they invest in.
Increased insurer competition, greater regulatory certainty and easier access to capital could boost the bulk annuity market 50% next year, according to a report from LCP.
Reviewing TPA contracts could save schemes a packet
LCP has been hired to advise the Rebus Insurance Services Limited Final Salary Pension Scheme (2003).
The ICI Pension Fund has completed four buy-ins over the last year to take its total benefits insured past £5bn in a strategy advisers say sets a blueprint for other large schemes.
Matt Gibson has been made head of research in a newly created role at LCP Investment Consulting where he will be responsible for manager research.