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      Defined Benefit Consolidation Conference

      Professional Pensions is hosting this concise digital event on the 25th March to provide a crucial update on where the current regulation stands on DB Consolidators, assess the different models available, what the expected funding levels are and the governance requirements. This event will be a combination of short presentations followed by live Q&A’s with our expert speakers allowing plenty of time to answer your questions.

      • Date: 25 Mar 2021
      • Digital Conference
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      Defined Contribution Conference

      Professional Pensions Defined Contribution virtual event, hopes to take stock of the last year, and ask the important questions; are members saving enough and have we improved the member journey at retirement? This two part digital event will provide you with the latest thinking and innovation in the DC market during our snappy 15 minute presentations, with plenty of time to ask questions during our live speaker Q&A.

      • Date: 20 Apr 2021
      • Digital Conference
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      Sustainable Investment Festival 2021

      The Sustainable Investment Festival will run online from 22-25 June and will include thought-provoking presentations from renowned keynote speakers, innovative breakout events and sessions specifically tailored to meet the information needs of fund selectors, financial advisers, pension consultants, trustees and scheme managers.

      • Date: 22 Jun 2021
      • Online, Online
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      UK Pensions Awards 2021

      The UK Pensions Awards – now in their 24th year – remain the industry's most prestigious accolades. They shine the light on excellence and recognise the advisers, providers and investment managers that offer the highest level of innovation, performance and service to occupational pension schemes and their members, and have done the most to improve this over the past year.

      • Date: 14 Sep 2021
      • London
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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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Bulk annuity market breaks yet another record with £17bn of first half deals
Bulk annuity market breaks yet another record with £17bn of first half deals

Around £17.5bn of buy-ins and buyouts were transacted in the first half of the year as market records continue to tumble.

  • Risk Reduction
  • 08 August 2019
British American Tobacco scheme completes £3.4bn buy-in with PIC
British American Tobacco scheme completes £3.4bn buy-in with PIC

The British American Tobacco (BAT) UK Pension Fund has completed a £3.4bn buy-in with Pension Insurance Corporation (PIC), the largest buy-in transaction including pensioner and deferred members.

  • Risk Reduction
  • 01 August 2019
PIC invests £100m in East Midlands Housing Group
PIC invests £100m in East Midlands Housing Group

Pension Insurance Corporation (PIC) is investing £100m of debt funding in East Midlands Housing (EMH) Group.

  • Investment
  • 22 July 2019
PIC invests £40m in housing association
PIC invests £40m in housing association

Pension Insurance Corporation (PIC) has invested £40m in debt issued by Scottish Borders-based Eildon Housing Association.

  • Investment
  • 15 July 2019
PIC to raise debt capital to back booming bulk annuity business
PIC to raise debt capital to back booming bulk annuity business

Pension Insurance Corporation (PIC) has announced plans to raise further debt capital in order to support business growth in a burgeoning bulk annuity market.

  • Risk Reduction
  • 12 July 2019
PIC signs £5.8bn of bulk annuity business in H1
PIC signs £5.8bn of bulk annuity business in H1

Pension Insurance Corporation (PIC) has so far racked up £5.8bn of buyouts and buy-ins with defined benefit schemes this year, while reinsuring £7bn of longevity risk, it has revealed.

  • Risk Reduction
  • 24 June 2019
Five stories you may have missed this week
Five stories you may have missed this week

This week's top stories included The Pensions Regulator criticising Sir Philip Green's latest plans for the Arcadia pension schemes.

  • Industry
  • 24 May 2019
M&S completes £1.4bn buy-ins with Phoenix and PIC
M&S completes £1.4bn buy-ins with Phoenix and PIC

The Marks and Spencer Pension Scheme has completed buy-in deals worth £1.4bn with two insurers, mirroring similar transactions last year.

  • Risk Reduction
  • 23 May 2019
PIC invests £40m in Northamptonshire housing
PIC invests £40m in Northamptonshire housing

Pension Insurance Corporation (PIC) has entered into a £40m agreement with Greatwell Homes to support the development of 600 affordable homes in Northamptonshire.

  • Risk Reduction
  • 08 April 2019
PIC invests £65m in affordable homes
PIC invests £65m in affordable homes

Pension Insurance Corporation (PIC) has entered a £65m agreement with Livin Housing to develop affordable housing in County Durham.

  • Investment
  • 01 April 2019
PIC posts £7.1bn of bulk annuity deals in 2018 taking nearly a third of the market
PIC posts £7.1bn of bulk annuity deals in 2018 taking nearly a third of the market

Pension Insurance Corporation's (PIC) bulk annuity business transacted £7.1bn of buy-ins and buyouts over the course of 2018, its annual results reveal.

  • Risk Reduction
  • 07 March 2019
The problem with DB superfunds
The problem with DB superfunds

As the consultation on defined benefit (DB) consolidation closes this week, PIC's Jay Shah sets out his concerns about the superfund model

  • Defined Benefit
  • 28 January 2019
PIC invests £125m in Exeter university accommodation
PIC invests £125m in Exeter university accommodation

Pension Insurance Corporation (PIC) has boosted its investment in student accommodation in a £125m further allocation to the University of Exeter.

  • Investment
  • 10 January 2019
PIC agrees £1.2bn longevity reinsurance deal with SCOR
PIC agrees £1.2bn longevity reinsurance deal with SCOR

Pension Insurance Corporation (PIC) has reinsured £1.2bn of its longevity risk with French company SCOR, the second deal between the two insurance companies.

  • Risk Reduction
  • 11 December 2018
Rentokil Initial agrees £1.5bn buy-in with PIC ahead of 2020 buyout
Rentokil Initial agrees £1.5bn buy-in with PIC ahead of 2020 buyout

The Rentokil Initial 2015 Pension Scheme has secured a buy-in covering 14,200 members in a £1.5bn deal with Pension Insurance Corporation (PIC).

  • Risk Reduction
  • 04 December 2018
AMP launches second year of female actuarial mentoring scheme
AMP launches second year of female actuarial mentoring scheme

The Actuarial Mentoring Programme (AMP) has launched its second year of providing support and guidance to female professionals with an 80% increase in participating organisations.

  • Training
  • 19 November 2018
PIC racks up £4.5bn of bulk annuity business in 'best ever' year so far
PIC racks up £4.5bn of bulk annuity business in 'best ever' year so far

Sales in Pension Insurance Corporation's (PIC) bulk annuity business rose by 73% compared to the same period last year, its half-year results have revealed.

  • Risk Reduction
  • 10 September 2018
How the BHS successor scheme completed an £800m buyout
How the BHS successor scheme completed an £800m buyout

Over two years since the collapse of the high street giant, BHS pension scheme members will be able to put their anxieties to rest thanks to a bulk annuity deal. James Phillips explores the detail.

  • Risk Reduction
  • 17 August 2018
Five stories you may have missed this week
Five stories you may have missed this week

This week's top stories included the 'Buck' name being revived as Conduent sold off the HR consulting business to a private equity investor.

  • Industry
  • 17 August 2018
Menzies scheme agrees £75m buyout with PIC
Menzies scheme agrees £75m buyout with PIC

The Menzies Pension Fund has entered into a £75m buyout with Pension Insurance Corporation (PIC) through a bespoke deal involving payments in instalments.

  • Risk Reduction
  • 13 August 2018
New BHS scheme completes £800m buyout with PIC
New BHS scheme completes £800m buyout with PIC

Approximately 9,000 members who transferred to the BHS2 Pension Scheme last year have had their benefits fully insured through a buyout with Pension Insurance Corporation (PIC).

  • Risk Reduction
  • 13 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
PIC invests £150m in Heathrow Airport debt
PIC invests £150m in Heathrow Airport debt

Pension Insurance Corporation (PIC) has invested £150m in debt issued by Heathrow Airport.

  • Investment
  • 26 July 2018
Civil Aviation Authority completes £60m pension buy-in with PIC
Civil Aviation Authority completes £60m pension buy-in with PIC

Pension Insurance Corporation (PIC) has completed a £60m buy-in deal for the Civil Aviation Authority's defined benefit (DB) scheme.

  • Risk Reduction
  • 23 July 2018
123

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