Lincoln Pensions
New TPR powers could lead to upsurge in clearance applications
The Pension Regulator’s (TPR) strengthened powers under the Pension Schemes Bill could lead to a revival of its clearance process, according to advisers and lawyers.
Navigating covenant and ESG in 2021 - what does the environment look like?
Michael Bushnell looks at the continuing impact of the pandemic on employer covenant and ESG risks, and how schemes can plan ahead.
Just Group agrees £74m buy-in with engineering scheme
Just Group has completed a £74m pensioner buy-in with the UK pension scheme of a US-listed engineering business.
Just Group insures two schemes for £22m
Just Group has insured £22m of benefits for pensioners at two unnamed schemes, with support from K3 Advisory and Cartwright Benefit Solutions.
How should trustees consider climate risks to sponsor covenants?
UK pension schemes are working hard to counter climate risks across investment portfolios, but the assessment of climate risks to sponsor covenant must be a key focus of schemes’ broader risk assessment, says Michael Bushnell.
Five stories you may have missed this week
This week’s top stories included a warning from Lincoln Pensions on the “triple whammy” faced by sponsor covenants, while MPs called for further input on the Pension Schemes Bill.
2021 will bring 'triple whammy' for covenant support
Sponsor covenants are facing a “triple whammy” moving into 2021 as the effects of Covid-19, Brexit and macro-economic conditions combine, Lincoln Pensions warns.
PMI partners with Lincoln Pensions for integrated risk management provision
The Pensions Management Institute (PMI) has named Lincoln Pensions as its insight partner for integrated risk management (IRM).
Third way needed in DB funding code; 'Evolution not revolution' urged on covenant
Oversimplification must be avoided in The Pensions Regulator’s (TPR) proposed revision of the defined benefit (DB) scheme funding code, and a third way might be necessary, the industry has said.
TPR refrains from anti-avoidance action over Bernard Matthews pre-pack
The Pensions Regulator (TPR) has decided not to take any action against Bernard Matthews after the food products business used a pre-pack administration to offload its pension scheme in 2016.
Willis Pension Scheme enters into £1bn longevity hedge
The Willis Pension Scheme has entered into a longevity swap transaction with Munich Re to manage longevity risk in relation to around £1bn of pensioner liabilities.
Reaction: TPR superfund guidance welcomed against cautious backdrop
Consultants, trade bodies, and professional societies across the pensions industry have responded relatively positively to guidance from The Pensions Regulator (TPR) that has today signalled a clear start for defined benefit (DB) scheme consolidation...
Will Covid-19 undermine companies' ability to sponsor schemes?
Charlotte Moore looks at how the Covid-19 economic crisis will affect funding for schemes in differing amounts.
L&G agrees £650m buy-in with 3i scheme
The 3i Group Pension Plan has agreed a £650m buy-in with Legal & General (L&G), insuring the remaining benefits within the scheme.
PPF names 11 firms to trustee and support services panel
The Pension Protection Fund (PPF) has launched an advisory panel to support trustees of schemes whose sponsoring employer is stressed or distressed.
TPR's 2020 Annual Funding Statement: Something Old, Something New
The Pension Regulator’s (TPR) Annual Funding Statement (AFS) is a fixture in the defined benefit (DB) pensions calendar but its arrival this year could not be against a more changed backdrop: new leaders for the two largest political parties, the country...
Getting Brexit done: What next for schemes?
The UK will leave the EU on 31 January, Professional Pensions’ expert advisory panel tells James Phillips what pension schemes should now be thinking about.
Enabling the endgame: Why IRM has been crucial to bumper bulk annuity deals
Greater regulatory focus on covenant, holistic risk management, and long-term targets has helped proactive schemes approach their endgames earlier, says Adolfo Aponte.
PP Brexit Advisory Panel: Why schemes must prepare for all outcomes
Professional Pensions' expert Brexit Advisory Panel discusses the key considerations for schemes ahead of the UK's potential exit from the European Union
How trustees can react to the regulator's DB funding code
Matthew Harrison looks at what the forthcoming defined benefit funding code of practice means for pension schemes
UK Pensions Awards 2019 - The Winners
Here they are - the winners of the UK Pensions Awards 2019...
Superfunds will become routine solution for DB schemes, says industry
Some 52% of pension professionals believe superfunds will become a commonplace solution for certain defined benefit (DB) schemes, a Lincoln Pensions survey finds.
Dividends hit record level in 2018; yields 'exceptionally high'
Headline dividend payments have reached record levels in 2018. James Phillips asks if trustees should be concerned over the current high level of yields.
Industry welcomes 'detailed' DWP superfund plans but identify affordability issues
The industry has welcomed the Department for Work and Pensions' (DWP) consultation on defined benefit (DB) consolidation as a way to address scheme covenant issues.
