Scottish Power has completed a longevity swap with Abbey Life to hedge £1bn of liabilities, covering 4,000 pensioners in the Manweb section of the Electricity Supply Pension Scheme.
The liabilities of defined benefit (DB) pension schemes continued to increase last month amid further falls in yields, according to the Pension Protection Fund's (PPF) 7800 Index.
Defined benefit (DB) deficits at FTSE350 companies have swelled by £34bn since 2010 despite £15bn being paid into them annually.
PP asks seven leading risk reduction consultants about deal affordability, the risk reduction exercises being conducted at the moment and how schemes can prepare for a transaction
The combined deficit of UK defined benefit (DB) pension schemes has hit £900bn following Britain's historic decision to leave the EU.
Eddie Bernatek and Richard Evans have been made associate directors in the defined contribution (DC) team at Punter Southall Aspire.
The most popular stories were plans to slash the British Steel Pension Scheme's liabilities, the launch of an inquiry into the whole DB universe, and how Brexit could reduce the state pension.
The UK has a sophisticated longevity risk management market but it will need to develop further to meet challenges says Charlotte Moore.
Tim Banks has been named as a senior consultant in the fiduciary management arm of Mercer in a newly-created role.
Will UK pension schemes become the employer of choice for investment professionals in future? David Rowley looks at the Australian experience and asks whether the UK will go down a similar path.