LCP

Majority of schemes consider wider strategic priorities when planning for endgame

‘Streamlined’ transaction secures the benefits of around 650 scheme members

Commons overturns Lords amendment to increase cap to £5,000 from initial £2,000 proposal

LCP says changes in gilt yields are not the big events they once were

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