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      event logo
      Webinar: Using passion for ESG to unleash member engagement

      This webinar will look at how pension schemes can harness their members’ interest in ESG to engage them more broadly with their pensions. In particular, it will look at exclusive research showing how members are reacting to ESG; their propensity to act versus their actual behaviour; and the expectations they have of providers in this regard.

      • Date: 26 Jan 2021
      • Webinar
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      Investment Conference

      This two part Investment Conference will bring you the latest updates from economists, asset managers and pension consultants. We will be taking a look at the outlook for the 2021 economy, alternatives, cashflow strategies and global equity markets to name a few, assessing how they fared through the volatility and what we can expect for the year ahead.

      • Date: 27 Jan 2021
      • Digital Conference
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      Webinar: What to put on your GMP Equalisation project roadmap for 2021

      This webinar will bring together views from actuaries, lawyers, administrators, trustees and data experts to look at the pragmatic, collaborative solutions that are open to schemes to solve the GMP equalisation challenges in 2021. It will assess the individual challenges schemes face with equalisations and provide some practical options that are available to resolve these issues.

      • Date: 02 Feb 2021
      • Webinar
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      Webinar: Will the world return to normal in 2021?

      In this webinar, PP editor Jonathan Stapleton will be joined by BMO’s chief economist Steven Bell and director of fiduciary management, Christy Jesudasan, alongside PTL trustee director Melanie Cusack and Isio’s head of fiduciary management oversight Paula Champion to discuss the significant impact of these themes on the pensions sector.

      • Date: 04 Feb 2021
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  • Whitepapers
    • How DC schemes can gain exposure to different asset classes in a low-return environment

      So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap,' ‘pension freedoms' or consultations around ‘value for money', says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).

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      Pension freedoms three years on

      In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.

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longevity swap

Buy-in and buyout volumes to reach £30-£40bn in 2021; Superfund 'floodgate' may open
Buy-in and buyout volumes to reach £30-£40bn in 2021; Superfund 'floodgate' may open

Between £30bn and £40bn of pension risk is expected to be transferred to insurers via buy-ins and buyouts this year, Aon says.

  • Risk Reduction
  • 04 January 2021
BBC agrees £3bn longevity swap while Aon scheme completes £510m buy-in
BBC agrees £3bn longevity swap while Aon scheme completes £510m buy-in

The BBC Pension Scheme has completed a £3bn longevity swap deal with Zurich and Canada Life Reinsurance, covering the risk of pensioner and dependent members.

  • Risk Reduction
  • 15 December 2020
BBC enters £3bn longevity swap with Zurich and Canada Life
BBC enters £3bn longevity swap with Zurich and Canada Life

The BBC Pension Scheme has completed a £3bn longevity swap deal with Zurich and Canada Life Reinsurance, covering the risk of pensioner and dependent members.

  • Risk Reduction
  • 15 December 2020
Barclays Retirement Fund completes £5bn longevity swap with Reinsurance Group of America
Barclays Retirement Fund completes £5bn longevity swap with Reinsurance Group of America

The Barclays Bank UK Retirement Fund has completed a £5bn longevity swap with Reinsurance Group of America (RGA).

  • Risk Reduction
  • 14 December 2020
Two in five schemes expect to transfer risk within three years, finds Willis Towers Watson
Two in five schemes expect to transfer risk within three years, finds Willis Towers Watson

Two in five UK defined benefit (DB) schemes expect to complete a bulk annuity or longevity swap transaction within the next three years, Willis Towers Watson research finds.

  • Risk Reduction
  • 14 October 2020
Schemes to transfer £50bn of risk to insurers this year
Schemes to transfer £50bn of risk to insurers this year

Around £50bn of risk will be transferred to the bulk annuity and longevity swap market by the end of the year despite a slow start to the market, Aon says.

  • Risk Reduction
  • 05 October 2020
Bulk annuity market on course for second busiest year after £12.6bn first half
Bulk annuity market on course for second busiest year after £12.6bn first half

Around £12.6bn of buy-ins and buyouts were completed in the first half of 2020 despite the onset of the Covid-19 pandemic, according to Lane Clark & Peacock (LCP) analysis.

  • Risk Reduction
  • 11 September 2020
Market growing for longevity swaps for deferred members
Market growing for longevity swaps for deferred members

Longevity swap usage is expected to grow further as more reinsurers enter the market to hedge the risk of deferred members, according to Mercer.

  • Risk Reduction
  • 04 August 2020
UBS completes £1.4bn longevity swap with Zurich and Canada Life
UBS completes £1.4bn longevity swap with Zurich and Canada Life

The UBS (UK) Pension and Life Assurance Scheme has hedged the longevity risk of around half its defined benefit (DB) liabilities through a £1.4bn longevity swap completed with Zurich and Canada Life Reinsurance.

  • Risk Reduction
  • 07 July 2020
Bulk annuity 'end of year sale' possible as total volumes expected to halve
Bulk annuity 'end of year sale' possible as total volumes expected to halve

Covid-19 has caused a slowdown in the number of bulk annuity transactions, with buy-ins and buyouts expected to amount to a maximum of £25bn this year, Willis Towers Watson says.

  • Risk Reduction
  • 22 June 2020
Preparing for de-risking transactions
Preparing for de-risking transactions

With bulk annuity markets becoming increasingly busy before Covid-19, James Geer looks at what steps trustees can take to improve their chances of transacting.

  • Risk Reduction
  • 29 May 2020
De-risking in a crisis: What you can do during the coronavirus pandemic
De-risking in a crisis: What you can do during the coronavirus pandemic

While market conditions may have put a dent in your de-risking plans, there is still plenty of preparation you can do and opportunities to take advantage of, says Michael Abramson.

  • Risk Reduction
  • 23 March 2020
Managing the next biggest liability risk
Managing the next biggest liability risk

Very few schemes have protection in place against longevity risk in their scheme liabilities. Howard Kearns explains why and how to rectify this

  • Risk Reduction
  • 29 January 2020
Lloyds schemes agree £10bn longevity swap with Pacific Life Re
Lloyds schemes agree £10bn longevity swap with Pacific Life Re

Three Lloyds Banking Group pension schemes have transferred £10bn of longevity risk to Pacific Life Re in the second-largest longevity swap ever.

  • Risk Reduction
  • 29 January 2020
Zurich insures £800m of FTSE 100 scheme longevity risk
Zurich insures £800m of FTSE 100 scheme longevity risk

Zurich has agreed to insure £800m of longevity risk for the pensioners of a FTSE 100-sponsored pension scheme.

  • Risk Reduction
  • 17 December 2019
Five stories you may have missed this week
Five stories you may have missed this week

This week's top stories included the government admitting that expatriate pensioners across the UK and EU may lose access to their pensions if Brexit negotiations conclude with no deal.

  • Industry
  • 24 August 2018
L&G conducts £300m longevity swap
L&G conducts £300m longevity swap

Legal & General (L&G) has entered the small scheme longevity insurance market after completing a £300m longevity swap with a pension fund.

  • Risk Reduction
  • 22 August 2018
Bulk annuity market in record-breaking first half
Bulk annuity market in record-breaking first half

Around £8bn of buy-ins and buyouts were completed in the first half of this year, writing the highest volume of deals of any first half to date.

  • Risk Reduction
  • 09 August 2018
Aon grows risk settlement team with hire from Scottish Widows
Aon grows risk settlement team with hire from Scottish Widows

Aon has appointed Mike Edwards as a partner in its risk settlement team to support the growth of its business offerings in the UK.

  • Appointments
  • 06 March 2018
How 2017's largest longevity deal came to fruition
How 2017's largest longevity deal came to fruition

MMC UK Pension Fund's Frank Oldham tells Stephanie Baxter how its £3.4bn longevity swap came about and why it chose a captive structure

  • Risk Reduction
  • 12 February 2018
Scottish Widows completes £1.3bn longevity reinsurance deal with Prudential Financial
Scottish Widows completes £1.3bn longevity reinsurance deal with Prudential Financial

Scottish Widows has reinsured the longevity risk for around £1.3bn of its bulk annuity liabilities with The Prudential Insurance Company of America (PICA).

  • Risk Reduction
  • 05 February 2018
'Exceptional' bulk annuity pricing to continue until 2018
'Exceptional' bulk annuity pricing to continue until 2018

Defined benefit (DB) schemes are not taking advantage of "exceptional" pricing for bulk annuities, with most schemes insured in H1 being repeat buyers, Aon Hewitt has said.

  • Risk Reduction
  • 21 August 2017
Buy-in demand to hit £50bn p/a by 2032; De-risking deals total £5.1bn in H1
Buy-in demand to hit £50bn p/a by 2032; De-risking deals total £5.1bn in H1

Defined benefit (DB) schemes will offload around £700bn of liabilities to insurers over the next 15 years, latest analysis by Hymans Robertson has suggested.

  • Risk Reduction
  • 10 August 2017
SSE completes three de-risking deals worth £1.2bn
SSE completes three de-risking deals worth £1.2bn

Scottish and Southern Energy (SSE) has entered into two buy-ins with Pension Insurance Corporation (PIC), and a longevity swap with Legal & General (L&G).

  • Risk Reduction
  • 10 August 2017
12

Most read

Mark Stocker dies following cancer battle
Mark Stocker dies following cancer battle
Pension Schemes Bill gets final approval and waits for Royal Assent
Pension Schemes Bill gets final approval and waits for Royal Assent
L&G agrees £400m deal with own scheme
L&G agrees £400m deal with own scheme
Boohoo acquisition of Debenhams leaves schemes with PPF
Boohoo acquisition of Debenhams leaves schemes with PPF
USS: Cost of scheme is 'growing challenge' as future returns 'likely to be lower'
USS: Cost of scheme is 'growing challenge' as future returns 'likely to be lower'
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