News

BAE Systems has agreed a £3.2bn longevity swap to cover 31,000 pensioners, in the UK's largest pensions insurance transaction.

A decarbonisation target should be added to the government's Energy Bill, according to a coalition of investors, trade bodies and charities.

Decisions on local government pension scheme investment in tobacco cannot be driven by public policy concerns, industry figures have warned.

The Determinations Panel's "constantly evolving" powers will be thrust into the spotlight next week, as the Association of Pension Lawyers publishes detailed guidance on its procedures.

Schemes should start preparing for GMP equalisation as it could take years to fully implement, consultants warn.

Trustees should not take their statutory discharge for granted if errors and bad data exist during buyouts and transfer value exercises, lawyers warn.

Schemes and administrators should take extra care with data as the Information Commissioner's Office "beefs up" with extra powers from the European Union, lawyers warn.

Current valuation methods that rely on market prices or yields are overstating scheme deficits by up to two thirds, warn economists.

Small businesses do not want the added burden of choice when arranging pension provision for their employees, the Federation of Small Businesses has said.

MetLife is putting its UK bulk annuities business up for sale according to reports.