Professional Pensions spoke to Willis Towers Watson Great Britain head of retirement Rash Bhabra as part of its exclusive series of interviews with the leaders of the UK’s leading pension consulting firms. This is what he had to say…
The Willis Pension Scheme has entered into a longevity swap transaction with Munich Re to manage longevity risk in relation to around £1bn of pensioner liabilities.
The revenue of the three biggest pension consultancy firms in the UK fell slightly in 2019, dropping from £1.16bn in 2018 to £1.14bn in 2019.
Legal & General has agreed two bulk annuity deals worth £116.2m with UK- and US-based IHS Markit schemes.
The Pensions Regulator’s (TPR) annual funding statement aims to keep up pressure on schemes but tries to avoid putting undue strain on employers at a time of crisis, the industry says.
This week’s top stories include Aon’s $30bn purchase of Willis Towers Watson, and the tapered annual allowance thresholds increasing by £90,000.
Greencoat Capital has announced it will manage a £120m investment from major UK pension funds to construct two large, low-carbon greenhouses.
Schemes looking to take advantage of attractive longevity swap pricing face a number of challenges in 2018. Victoria Ticha looks at some of the key themes.