• Home
  • Admin/Tech
  • Benefits
  • Buzz
  • DB
  • DC
  • Diversity
  • Investment
  • Law & regulation
  • Risk reduction
  • Events
  • Whitepapers
  • Spotlights
  • Digital Edition
  • PPTV
  • Newsletters
  • Sign in
  •  
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
    •  

      You are currently accessing ProfessionalPensions via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0) 1858 438800

      Email: [email protected]

      • Sign in
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
    • YouTube
  • Register
  • Subscribe
  • Events
    • Upcoming events
      event logo
      Webinar: Using passion for ESG to unleash member engagement

      This webinar will look at how pension schemes can harness their members’ interest in ESG to engage them more broadly with their pensions. In particular, it will look at exclusive research showing how members are reacting to ESG; their propensity to act versus their actual behaviour; and the expectations they have of providers in this regard.

      • Date: 26 Jan 2021
      • Webinar
      event logo
      Investment Conference

      This two part Investment Conference will bring you the latest updates from economists, asset managers and pension consultants. We will be taking a look at the outlook for the 2021 economy, alternatives, cashflow strategies and global equity markets to name a few, assessing how they fared through the volatility and what we can expect for the year ahead.

      • Date: 27 Jan 2021
      • Digital Conference
      event logo
      Webinar: What to put on your GMP Equalisation project roadmap for 2021

      This webinar will bring together views from actuaries, lawyers, administrators, trustees and data experts to look at the pragmatic, collaborative solutions that are open to schemes to solve the GMP equalisation challenges in 2021. It will assess the individual challenges schemes face with equalisations and provide some practical options that are available to resolve these issues.

      • Date: 02 Feb 2021
      • Webinar
      event logo
      Webinar: Will the world return to normal in 2021?

      In this webinar, PP editor Jonathan Stapleton will be joined by BMO’s chief economist Steven Bell and director of fiduciary management, Christy Jesudasan, alongside PTL trustee director Melanie Cusack and Isio’s head of fiduciary management oversight Paula Champion to discuss the significant impact of these themes on the pensions sector.

      • Date: 04 Feb 2021
      • Webinar
      View all events
      Follow our Professional Pension Events

      Sign up to receive email alerts about our events

      Sign up

  • 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.

      Download
      Find whitepapers
      Search by title or subject area
      View all whitepapers
  • Spotlights
  • Digital Edition
Professional Pensions
Professional Pensions
  • Home
  • Admin/Tech
  • Benefits
  • Buzz
  • DB
  • DC
  • Diversity
  • Investment
  • Law & regulation
  • Risk reduction
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
  •  

    You are currently accessing ProfessionalPensions via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0) 1858 438800

    Email: [email protected]

    • Sign in

PICA

Five stories you may have missed this week
Five stories you may have missed this week

This week's top stories included HSBC's scheme completing a £7bn longevity swap with PICA and the government announcing it would review the tapered allowance for NHS scheme members.

  • Industry
  • 09 August 2019
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
HSBC scheme completes £7bn longevity swap with PICA
HSBC scheme completes £7bn longevity swap with PICA

The HSBC Bank (UK) Pension Scheme has hedged its longevity risk with Prudential Insurance Company of America (PICA) in the second-largest ever deal of its type.

  • Risk Reduction
  • 06 August 2019
Aviva completes £1bn longevity reinsurance deal with Prudential
Aviva completes £1bn longevity reinsurance deal with Prudential

The Prudential Insurance Company of America (PICA) has agreed to assume approximately £1bn of pension liabilities from Aviva's bulk annuity business.

  • Risk Reduction
  • 08 August 2018
Scottish Widows completes £1.3bn longevity reinsurance deal with Prudential Financial
Scottish Widows completes £1.3bn longevity reinsurance deal with Prudential Financial

Scottish Widows has reinsured the longevity risk for around £1.3bn of its bulk annuity liabilities with The Prudential Insurance Company of America (PICA).

  • Risk Reduction
  • 05 February 2018
Pru reinsures $1.2bn of PIC's longevity risk
Pru reinsures $1.2bn of PIC's longevity risk

Prudential Insurance Company of America has agreed to reinsure around $1.2bn (£920m) of Pension Insurance Corporation's (PIC) longevity risk.

  • Risk Reduction
  • 09 November 2017
MMC Pension Fund completes mammoth £3.4bn longevity risk transfer
MMC Pension Fund completes mammoth £3.4bn longevity risk transfer

The Marsh & McLennan Companies (MMC) UK Pension Fund has finalised a £3.4bn longevity risk transfer to the global reinsurance market through a captive solution.

  • Risk Reduction
  • 14 September 2017
PIC reinsures £760m longevity risk in Aon plan
PIC reinsures £760m longevity risk in Aon plan

Prudential Insurance Company of America (PICA) has completed its third longevity reinsurance deal with the Pension Insurance Corporation (PIC) for the Aon Retirement Plan.

  • Risk Reduction
  • 13 June 2016
BT's £16bn longevity swap opens the door for more mega deals

Jack Jones looks at the implications of a record-breaking exercise

  • Risk Reduction
  • 08 July 2014
ABI annuity code of conduct 'must go further'

The mandatory code of conduct on retirement choices for all Association of British Insurers (ABI) members, set to be enforced from 1 March, must go further to better help consumers, annuity campaigners have said.

  • Defined Contribution
  • 26 February 2013
PICA requests adviser help for pension directory

The Pensions Income Choice Association (PICA) has issued a request for information to develop a directory of financial intermediaries.

  • Industry
  • 02 August 2012
MetLife joins PICA as annuity shopping debate heats up

Battle lines are being drawn over the open market option as ministers are set to decide on reform this autumn.

  • Defined Contribution
  • 02 June 2011
OMO can be revamped 'within the year' - PICA

The open market option could be reformed "within the year" if government and industry get behind the process, the Pension Income Choice Association says.

  • Defined Contribution
  • 24 May 2011
ECJ ruling a sideshow compared to OMO 'scandal'

The impact of the European Court of Justice decision on gender pricing of annuities will be insignificant compared to the effect of the "dysfunctional" Open Market Option system, an industry body warns.

  • Industry
  • 28 February 2011
McPhail calls for reform of trivial commutation

People with several small occupational pensions should be able to group them together for trivial commutation, Hargreaves Lansdown head of pensions research Tom McPhail says.

  • Industry
  • 06 January 2011

Most read

Mark Stocker dies following cancer battle
Mark Stocker dies following cancer battle
Pension Schemes Bill gets final approval and waits for Royal Assent
Pension Schemes Bill gets final approval and waits for Royal Assent
L&G agrees £400m deal with own scheme
L&G agrees £400m deal with own scheme
Boohoo acquisition of Debenhams leaves schemes with PPF
Boohoo acquisition of Debenhams leaves schemes with PPF
USS: Cost of scheme is 'growing challenge' as future returns 'likely to be lower'
USS: Cost of scheme is 'growing challenge' as future returns 'likely to be lower'
Trustpilot

 

  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters
  • YouTube

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading