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      event logo
      Webinar: PP Talks - Fiduciary Management

      This PP Talks webinar will ask how fiduciary managers coped with the Covid-19 challenge, how fiduciary management clients generally fared, and the outlook for the year ahead.

      • Date: 05 May 2021
      • Webinar
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      Webinar: The challenges facing open DB schemes

      This webinar will help trustees and pension managers look at the challenges facing open DB schemes, specifically looking at the issues they could face as a result of The Pension Regulator’s new Funding Code of Practice and asking how this could affect the affordability of benefits, future service contributions, investment strategy and benefit design.

      • Date: 06 May 2021
      • Webinar
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      Webinar: Supporting members retirement plans as we emerge from the pandemic

      The pandemic has affected the retirement plans of many. Some have been forced into an early retirement because of redundancy, whilst others have delayed retirement due to their pension losing value. Those who have struggled with a reduced household income, have even been dipping into their pensions whilst still working to make up for the shortfall.This webinar will uncover the steps that can be taken to support pension scheme members in the lead up to and at retirement.

      • Date: 11 May 2021
      • Webinar
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      Risk & Scheme Funding Forum 2021

      Professional Pensions Risk and Scheme Funding Forum aims to help pension professionals see the wood for the trees. This half day digital event will consider risk as a whole; cyber, governance, climate, volatility and how they can affect the overall running of a scheme and its long term goals.

      • Date: 13 May 2021
      • Digital Conference,
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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).

      Download
      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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Pension Insurance Corporation

PIC confirms £5.6bn of annuities in record risk transfer year
PIC confirms £5.6bn of annuities in record risk transfer year

Pension Insurance Corporation (PIC) concluded £5.6bn on bulk annuities in 2020 after recording just over £2.1bn in the second half of the year.

  • Risk Reduction
  • 18 March 2021
PIC extends full admin contract with Capita to 2027
PIC extends full admin contract with Capita to 2027

Pension Insurance Corporation (PIC) has extended its administration contract with Capita Pensions until the end of September 2027.

  • Admin / Technology
  • 09 March 2021
PIC's Tracy Blackwell: Helping make a difference to society
PIC's Tracy Blackwell: Helping make a difference to society

Pension Insurance Corporation (PIC) chief executive Tracy Blackwell was named pensions woman of the year at the third annual Women in Pensions Awards. She speaks to Professional Pensions about winning the accolade.

  • Industry
  • 07 January 2021
Brunel invests £840m in in clean infrastructure; PIC appoints municipal bond manager
Brunel invests £840m in in clean infrastructure; PIC appoints municipal bond manager

Brunel Pension Partnership has launched two investment vehicles to target infrastructure assets that meet Paris Agreement objectives for its partner funds.

  • Investment
  • 18 November 2020
PIC invests £40m in London property development
PIC invests £40m in London property development

Pension Insurance Corporation (PIC) has invested £40m in debt issued by the Royal College of Surgeons in England to finance the redevelopment of its London headquarters.

  • Defined Benefit
  • 04 November 2020
BHS Senior Management Scheme completes PPF+ buy-in with L&G
BHS Senior Management Scheme completes PPF+ buy-in with L&G

The BHS Senior Management Scheme has agreed a £2.5m buy-in with Legal & General (L&G) Assurance Society, securing benefits outside of the Pension Protection Fund (PPF).

  • Risk Reduction
  • 04 November 2020
Old British Steel scheme completes £2bn buy-in with PIC
Old British Steel scheme completes £2bn buy-in with PIC

The Old British Steel Pension Scheme (OBSPS) has agreed a £2bn full buy-in with Pension Insurance Corporation (PIC), one step closer to exiting Pension Protection Fund (PPF) assessment.

  • Risk Reduction
  • 22 October 2020
UK Pensions Awards 2020 - The Winners
UK Pensions Awards 2020 - The Winners

Here they are - the winners of the UK Pensions Awards 2020...

  • Industry
  • 07 October 2020
PIC reports £3.5bn of bulk annuities as adjusted profit plummets by 70%
PIC reports £3.5bn of bulk annuities as adjusted profit plummets by 70%

Pension Insurance Corporation (PIC) Group secured £3.5bn of defined benefit (DB) scheme liabilities throughout the first half of the year, although adjusted profits fell by nearly three-quarters.

  • Risk Reduction
  • 10 September 2020
PIC invests £130m in central Manchester build to rent housing regeneration project
PIC invests £130m in central Manchester build to rent housing regeneration project

Pension Insurance Corporation (PIC) has acquired a prime city-centre site in Manchester as the location for its first build to rent (BTR) project, investing £130m to fund the construction of 520 residential apartments, over 6,000 square feet of commercial...

  • Investment
  • 01 September 2020
Edi Truell: My response to calls for a consolidator to take on smaller underfunded schemes
Edi Truell: My response to calls for a consolidator to take on smaller underfunded schemes

The Pension SuperFund co-founder Edi Truell responds to PIC’s call for a consolidator to take on smaller underfunded schemes.

  • Risk Reduction
  • 30 June 2020
Five stories you may have missed this week
Five stories you may have missed this week

This week’s top stories included a High Court judgement ruling the Pension Protection Fund’s compensation caps age discriminatory, while the revenue of the three biggest pension consultancy firms saw a year-on-year dip for 2019.

  • Industry
  • 26 June 2020
PIC calls for creation of compulsory not-for-profit consolidator to take on smaller underfunded schemes
PIC calls for creation of compulsory not-for-profit consolidator to take on smaller underfunded schemes

Pension Insurance Corporation has reiterated its call for the establishment of a new consolidation vehicle, run by a not-for-profit agency, to target smaller underfunded schemes with weak sponsors.

  • Risk Reduction
  • 24 June 2020
MetLife reinsures £280m of PIC liabilities
MetLife reinsures £280m of PIC liabilities

MetLife has completed its first UK longevity reinsurance transaction, covering the risk of £280m of Pension Insurance Corporation (PIC) liabilities.

  • Risk Reduction
  • 19 June 2020
PIC invests £277m in Spanish solar bonds
PIC invests £277m in Spanish solar bonds

Pension Insurance Corporation (PIC) has provided £277m of debt funding for eight Spanish solar parks.

  • Investment
  • 11 June 2020
Agreeing bulk annuities in a crisis
Agreeing bulk annuities in a crisis

After a bumper year, insurers are now facing a slower and smaller pipeline as schemes grapple with Covid-19, writes James Phillips.

  • Risk Reduction
  • 04 May 2020
Five stories you may have missed this week
Five stories you may have missed this week

This week’s top stories included the Smurfit Kappa UK Pension Fund’s completion of a £1.2bn fiduciary and liability-driven investment deal with River and Mercantile, and figures showing pension transfer activity has dropped to its lowest level since 2014....

  • Industry
  • 17 April 2020
A safe harbour: How the Dock Workers Pension Fund reached buyout
A safe harbour: How the Dock Workers Pension Fund reached buyout

Key players in the Dock Workers Pension Fund tell James Phillips the tale of getting to endgame ahead of plan

  • Risk Reduction
  • 15 April 2020
PIC insures £400m of liabilities in Co-op's third buy-in of 2020
PIC insures £400m of liabilities in Co-op's third buy-in of 2020

The Co-operative Pension Scheme (Pace) has agreed its third buy-in this year, insuring £400m of liabilities in the Co-operative Bank section of the scheme with Pension Insurance Corporation (PIC).

  • Risk Reduction
  • 14 April 2020
PIC completes £250m buy-in with two WPP schemes
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.

  • Risk Reduction
  • 31 March 2020
Alignment is key to active fiduciary management outsourcing
Alignment is key to active fiduciary management outsourcing

Following the Competition and Marketing Authority's investigation, Nick Reeve looks at how trustees can prepare for the formal tender process required for the selection of fiduciary managers.

  • Investment
  • 18 March 2020
PIC boosts financial investments by £10bn in 2019
PIC boosts financial investments by £10bn in 2019

The Pension Insurance Corporation (PIC) boosted its financial investments last year by nearly £10bn to £40.9bn, up from £31.4bn the year prior, according to its full-year results.

  • Industry
  • 09 March 2020
UK Pensions Awards 2020 - Shortlists published
UK Pensions Awards 2020 - Shortlists published

Here they are. The finalist lists for the UK Pensions Awards 2020.

  • Industry
  • 03 March 2020
British American Tobacco pension schemes' net liabilities almost double in a year
British American Tobacco pension schemes' net liabilities almost double in a year

British American Tobacco’s (BAT) overall net liability for its pensions and healthcare schemes in group subsidiaries nearly doubled in the year to 31 December 2019 to £1.03bn from £518m the year prior.

  • Industry
  • 27 February 2020
123

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Exclusive: ITM acquires Profund Solutions from Mercer
Exclusive: ITM acquires Profund Solutions from Mercer
Schemes to be slapped with £1.5bn bill for equalising past transfers
Schemes to be slapped with £1.5bn bill for equalising past transfers
Exclusive: Trustees trapped by base level analysis choosing fiduciary managers
Exclusive: Trustees trapped by base level analysis choosing fiduciary managers
CMI: Deaths continue below normal levels
CMI: Deaths continue below normal levels
Cosan Consulting launches independent pension scheme data recovery service
Cosan Consulting launches independent pension scheme data recovery service
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