The Scottish Power Pension Scheme has entered into a swap with Abbey Life to hedge the longevity risk associated with £2bn of liabilities.
The abolishment of short service refunds (SSRs) will force some defined contribution (DC) schemes to switch to lower-cost investment strategies, consultants have warned.
PP asks who will offer drawdown from April, and how will it work?
Natasha Browne examines the advantages and pitfalls of allowing DB members direct access to freedom and choice
PP looks at why DC trustees are finding it difficult to meet higher cost transparency rules
The collective deficit of FTSE 350 defined benefit (DB) pension schemes increased 91% last year, according to research.
PP looks at the complex set of deals that allowed TRW Automotive to shed more than £2.6bn in liabilities
Top stories on PP this week have included a potential £2bn windfall for sponsors, a complex £2.5bn buyout, a government U-turn on freedom and choice and calls for a drawdown fee cap. Here's what you might have missed.
The TRW Pension Scheme has secured a £2.5bn pensioner buyout with Legal & General (L&G) after a year-long liability management project involving pension increase exchange (PIE) and enhanced transfer value (ETV) exercises.
Mercer has appointed Ben Gunnee to UK head of fiduciary management to help grow the business.