LCP

Scheme sponsors are increasingly transferring property to insurance companies in risk reduction deals as insurers develop innovative ways of taking on scheme liabilities, experts say.

Scrapping contracting-out for defined contribution schemes will drain more than £50bn from the pensions industry leading to a "significant" reduction for administrators and fund managers, government says.

UK/IRELAND - Stricter regulations around pension funds will spur the development of the buyout market in Ireland, an LCP official said.

The Pension Protection fund will charge the fraud compensation levy for the second consecutive year for 2011/12 after anticipating an increase in future claims.

An ‘unusual' ruling where the Pension Protection Fund ombudsman upheld part of a trustee board's complaint should not give schemes hope for levy recalculations, LCP says.

Here they are - the winners of the UK Pensions Awards 2011

LCP has appointed three partners in its actuarial, investment and pension administration teams in the UK and Ireland.

Buyout deals totalled £8.1bn last year, with £1.6bn of this business written in Q4 alone, research by JLT Pension Capital Strategies shows.

Hutton reforms will have both benefits and drawbacks for outsourcing contractors, LCP says.

Jonathan Stapleton assesses industry reaction to the Treasury’s annual allowance option plans