News

This week’s top stories included Mercer’s closure of five offices and Hymans Robertson’s acquisition of Bath Actuarial Consulting.

The Pension Protection Fund (PPF) has proposed several changes to its actuarial assumptions under various bases as part of a regular review, suggesting moves that would broadly improve scheme funding.

The government has opted to proceed with its “deferred choice underpin” (DCU) route for implementing a remedy to the McCloud judgment for public sector workers.

Aegon Asset Management and Mobius Life have partnered to launch an active beta property fund for UK defined contribution (DC) pension schemes.

The health of the UK’s defined benefit (DB) pension schemes has surpassed that of their pre-Covid levels as they continued to recover through final quarter of 2020, Legal & General Investment Management (LGIM) research reveals.

Mercer has set out plans to move to an agile office model on a permanent basis – closing a number of offices and modernising others as a result of both the acquisition of JLT in 2019 and the impact of the Covid-19 pandemic.

The Staffordshire Pension Fund has reappointed Hymans Robertson to a seven-year contract for investment consultancy services.

Legal & General (L&G) agreed over £7bn of buy-ins and buyouts with UK schemes over the course of 2020, it has confirmed.

Buck has released its 2020 financial results showing year-on-year organic revenue growth of 8% to £57m in the UK.

Excess deaths across the UK are continuing to rise as the coronavirus pandemic persists, analysis from the Continuous Mortality Investigation (CMI) shows.