Mercer
PIC completes £250m buy-in with two WPP schemes
Multinational communication services giant WPP has completed a £250m buy-in for two of its pension schemes with Pension Insurance Corporation (PIC) as the insurer celebrated a “healthy pipeline” of deals amid the Covid-19 outbreak.
Women in Investment Festival: Are men doing enough to drive change?
Highlights from this year's event
Fiduciary management: Looking for a long-term partner
Professional Pensions’ expert panel discusses key considerations for trustees tendering for a fiduciary manager.
Granularity is the key to cost transparency
As the first reports under the cost transparency templates become due, Charlotte Moore looks at how schemes and their consultants can use the data
Pensions schemes feel the force of FTSE 100 plunge
Institutional investors are continuing to flounder after the FTSE 100 opened the week down 8.72%, crashing into technical bear market territory.
Pension Protection Fund announces nine partner firms for new framework agreement
The Pension Protection Fund (PPF) has wrapped up its three-month procurement process for partners to assist in the development of a framework agreement to provide administration, actuarial, and consultancy services to its board.
UPDATED: The UK's biggest pension consulting firms by revenue
PP has analysed the accounts of the biggest pension consulting firms and recorded the turnover (revenue) in their most recent accounts. The full leaderboard is below…
DB funding - January 2020: Gilt yield drop pushes up deficit by £64bn
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the January 2020 estimates on the various measures…
Mercer completes fundraising on £2bn private markets offering
Mercer has closed its Private Investment Partners (PIP) V strategy, having successfully raised it with $2.7bn (£2.08bn) in total commitments.
Emma Douglas: Why diversity initiatives fail
Emma Douglas is head of defined contribution at Legal & General Investment Management (LGIM). After 20 years at the top of the pension and investing sector, she tells Laura Miller how diversity initiatives fail, the blunt answer to the female boss problem,...
DB funding - February 2020: PPF 7800 deficit climbs 67% as coronavirus hits markets
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the February 2020 estimates on the various measures…
Five stories you may have missed this week
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.
Co-op scheme completes £1bn buy-in with Aviva
The Co-operative Pension Scheme, known as Pace, has completed a £1bn buy-in with Aviva in the first announced bulk annuity deal of 2020.
Mercer debuts AI tool to predict DB outcomes
Defined benefit (DB) pension schemes will be able to predict the outcome of member options exercises using artificial intelligence (AI), says Mercer.
DB funding - December 2019: Deficit halves as equities and gilts rally, says PPF
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the December 2019 estimates on the various measures…
Jenny Condron: Making it in a man's world
Jenny Condron is chief actuarial officer at Mercer and became the first female chair of the Association of Consulting Actuaries in 2018. Here she tells Laura Miller what it takes to make it in a man’s world, the one thing that scares her most, and why...
Rothesay Life agrees £255m full buy-in with ESAB scheme
The ESAB Group (UK) Limited Pension & Life Assurance Scheme has purchased a £255m full buy-in with Rothesay Life, covering benefits for all 900 members of the scheme.
Five stories you may have missed this week
This week’s top stories include an article about women remaining at risk of running out of money in retirement, and one about Buck winning 36 additional client contracts since launching as an independent business last year.
Bulk annuity market to 'top £0.5trn in 2020s'
The value of UK bulk annuity deals is set to quadruple in the 2020s when compared to this decade, Mercer has predicted.
DB funding - October 2019: PPF 7800 index sees liabilities fall as gilt yields increase
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the October 2019 estimates on the various measures…
Mercer awards $125m sustainable equity mandate to Impax
Mercer has offered a $125m (£97m) mandate to Impax Asset Management’s Leaders Strategy to join its Sustainable Global Equity Fund, following a rigorous selection process.
Pension risk highlighted as UK system lags in global retirement rankings
The UK has failed to impress in an international analysis of pension systems due to serious concerns over sustainability.
Judith Maguire: Believe in yourself - if you're good enough, you will succeed
Capital Cranfield client director Judith Maguire scooped the Trustee of the Year accolade at this year’s Women in Pensions Awards. She talks to Holly Roach about her success.
DB funding - September 2019: Equities hide impact of stagnant gilts as PPF 7800 deficit falls
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the September 2019 estimates on the various measures…
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