Willis Towers Watson
National Grid agrees £1.6bn buy-in with L&G in second deal this year
The National Grid UK Pension Scheme has agreed its second buy-in this year, transferring £1.6bn of pension risk to Legal & General (L&G).
Global DC attitudes to inertia versus member engagement differ widely, finds Thinking Ahead
Defined contribution (DC) schemes’ visions are generally aligned, but there are mixed views on the power of the default versus member engagement, according to the Thinking Ahead Institute.
The hopes and concerns for the future of trusteeship
TPR’s consultation on the future of trusteeship closed last week, but there are mixed views on its proposals. Kim Kaveh looks at the industry’s responses.
Exclusive: FTSE 350 employer contributions on the rise while executive pensions shrink
Willis Towers Watson has published a report looking at DC trends over the past year. Kim Kaveh looks at the findings.
Will LEBC's market withdrawal impact DB de-risking?
As one of the biggest IFA firms withdraws from the transfer market, Kim Kaveh gauges views on whether the move will impact scheme de-risking plans.
Jim Beam pension scheme moves to bundled DB solution
The Beam UK Pension Plan has appointed Willis Towers Watson to provide actuarial, fiduciary management, consulting and administrative pension services through its bundled OneDB service.
Hitachi scheme agrees hybrid benefit buy-in with L&G
The Hitachi Data Systems Retirement Benefits Plan has agreed a buy-in with Legal & General (L&G) Assurance Society, covering both defined benefit (DB) and defined contribution (DC) provision.
Railways Pension Scheme and Aon DC master trusts receive authorisation
The Railways Pension Scheme's Industry Wide Defined Contribution (IWDC) Section and the Aon Master Trust have become the 12th and 13th master trusts to be authorised by The Pensions Regulator (TPR).
List: The biggest UK longevity swaps
There have now been a total of 26 longevity swaps over £1bn announced. The full list, provided courtesy of Willis Towers Watson, is as follows...
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.
Willis Towers Watson fiduciary clients see 23 percentage point funding increase
Willis Towers Watson's fiduciary clients have seen funding levels improve by 23.1 percentage points over the last 10 years, according to its latest performance figures.
Breaking down barriers to DC schemes investing in private markets
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.
Average FTSE 100 employer DC contributions reach highest rate of 7.1%
FTSE 100 employer contributions to defined contribution (DC) schemes have increased from an average of 6.4% in 2018 to 7.1% this year, according to Willis Towers Watson.
Women in Pensions Awards 2019 - The Winners
Here they are - the winners of the 2nd annual Women in Pensions Awards...
Taking stewardship seriously
There is mounting pressure on schemes to engage more actively with firms in which they invest. Charlotte Moore takes a look at the different approaches being used.
Aviva launches ESG-focused DC default strategy
Aviva has launched a defined contribution (DC) default investment strategy for its workplace pension clients, incorporating ethical and ESG considerations.
Where the regulator needs to be clearer
Panellists at an industry roundtable discuss their need for more clarity and balance from the regulator. James Phillips reports
Five stories you may have missed this week
This week's top stories included XPS Pensions Group announcing plans to acquire Royal London's corporate pension services division.
Mercer appoints outsider to replace Dunsire as UK business leader
Mercer has hired Sylvia Pozezanac from Prudential Financial to take over from Fiona Dunsire as its UK chief executive.
Workers Pension Trust applies for authorisation as five confirm application status
Workers Pension Trust was one of the 30 master trusts to apply for authorisation ahead of the 31 March deadline, PP can reveal.
One in eight trustees predict their organisation will adopt CDC by 2025
A minority (13%) of trustees and corporate sponsors predict their organisation is "likely" or "very likely" to adopt a collective defined contribution (CDC) scheme by 2025, Willis Towers Watson finds.
Exclusive: Rothesay Life completes £110m buyout with Laird scheme
The Laird Pension Scheme has completed a £110m buyout with Rothesay Life, insuring benefits for 940 members.
Exclusive: Carey applies for authorisation and consolidates two master trusts
The Carey Workplace Pension Trust has applied for master trust authorisation and consolidated two other schemes, PP can reveal.
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