News

Aon has urged the pensions industry to avoid over-reacting to the impact of Covid-19, as it predicts another huge year for the UK risk settlement industry in 2021.

This week’s top stories include a buy-in from National Grid, a buyout from Aviva, and calls for vital automatic enrolment reforms to support pension savings in a coronavirus-damaged economy.

Britons generally have a lower risk tolerance than Americans, Canadians, and Australians, and would give up some or significant returns to invest with their personal values, according to MFS Investment Management research.

The Ministry of Housing, Communities and Local Government (MHCLG) must outline the McCloud regulations for the Local Government Pension Scheme (LGPS) in England and Wales urgently to ensure scheme administrators are not overwhelmed, Aon says.

Nest Insight has outlined a series of opinions from employers trialling its hybrid sidecar savings tool, with most agreeing they “like the concept” but still raising concerns over inertia.

Professional Pensions rounds up some of the latest news from two major pension consulting firms.

Lane Clark & Peacock (LCP) partners are set to own a larger stake in the firm after buying out Inflexion Private Equity’s minority stake with the support of Charterhouse Capital Partners.

The National Grid UK Pension Scheme has completed an £800m buy-in with Rothesay, its second bulk annuity transaction with the insurer.

Barnett Waddingham has published its annual report and accounts, revealing a 9% rise in revenues to £107.9m and a 5% increase in pre-tax profits to £29.7m in the year to 31 May.

While mortality rates are not as high as in the first wave of the coronavirus pandemic, they are higher than any November for the last decade, the Continuous Mortality Investigation (CMI) says.