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High-tech manufacturer Denso has entered into a ground-breaking buyout with Pension Insurance Corporation to insure the benefits of two schemes remaining open to future accrual.

Pension Insurance Corporation has outsourced the record keeping, payroll, administration and communication services for its 50,000 pension policies to Mercer.

This could be a dire year for schemes as last year's losses are compounded in the first quarter and crystallised for the 40% of schemes with triennial valuations in March, warns Pension Corporation.

The Bank of England could slash the estimated £200bn hit to pension scheme funding levels from quantitative easing by fine-tuning its approach, Pension Insurance Corporation argues.

Bulk annuity business was up fivefold in the second quarter of the year, but falling affordability pushed schemes towards buy-ins rather than buyouts, research shows.

Trustees of the Morris Ashby Limited Pension Scheme have completed a £38m buyout deal with Pension Insurance Corporation removing its liabilities from the Pension Protection Fund.

The Nova Chemicals UK Pension Plan has agreed a £30m buyout with Pension Corporation covering the liabilities of its 155 members.

Pension Insurance Corporation has brought together its policy holders in an event believed to be the first of its kind to help the firm engage with its pensioner customers.

Scheme sponsors are expected to take advantage of "enhanced buy-ins" to significantly reduce the cost of buy-ins, industry figures say.

Pension Insurance Corporation is hoping to raise around £500m in new capital to allow it to complete £5bn of risk reduction deals with schemes.