lloyds banking group

Scottish Widows completed five bulk annuity transactions in 2019, with liabilities insured exceeding £2bn.

This week’s top stories included Lloyds agreeing a £10bn longevity swap with Pacific Life Re for three of its pension schemes, and the Co-operative Pension Scheme completing a £1bn buy-in with Aviva.

Lloyds Banking Group has secured one million new pension customers since the start of 2018, according to its half year results to 30 June.

Lloyds Banking Group will compensate Standard Life Aberdeen (SLA) £140m for the attempted early termination of an investment management arrangement for Scottish Widows worth over £100bn.

The Pensions and Lifetime Savings Association (PLSA) is inviting applications for its Pension Quality Mark (PQM), after making changes to the minimum requirements.

Potential changes to accounting standards and increased pressure on companies to accelerate contributions could worsen FTSE 100 scheme funding by up to £100bn, according to Lane Clark and Peacock (LCP).

Pensions and risk consultancy Hymans Robertson has appointed two equity partners and five partners from across the firm.

Standard Life Aberdeen has won a tribunal in which it claimed Lloyds Banking Group was not entitled to give notice to terminate investment management arrangements for a £109bn mandate.

A groundhog year kicks off as many of 2018's biggest court cases return on appeal. James Phillips rounds up what trustees should keep an eye on.

Lloyds Banking Group secured 630,000 new pension customers last year, according to its 2018 annual results.