News

The Maersk Retirement Benefit Scheme has agreed a £1.1bn buy-in with Legal & General (L&G) Assurance Society, protecting benefits for around 4,900 members.

The Department for Work and Pensions (DWP) has launched a consultation on the future of the general levy, seeking to close a potential £230m funding gap if rates remain unchanged.

The most recent update from the Continuous Mortality Investigation’s (CMI) mortality monitor shows week-on-week death rates have begun to stabilise across England and Wales.

Law Debenture has acquired the company secretarial business (CSS) of Konexo from Eversheds Sutherland for a cash payment of £20m.

The Pension Protection Fund (PPF) has confirmed a number of key measures to support levy payers following support from its recent consultation on the introduction of a tapered approach.

The Continuous Mortality Investigation (CMI) has confirmed that it will modify the method used in the next version of its Mortality Projections Model due to the impact of Covid-19.

The BBC Pension Scheme has completed a £3bn longevity swap deal with Zurich and Canada Life Reinsurance, covering the risk of pensioner and dependent members.

The Aon Retirement Plan has completed a £510m pensioner buy-in with Scottish Widows, insuring members in the Aon Bain Hogg Pension Scheme section.

The BBC Pension Scheme has completed a £3bn longevity swap deal with Zurich and Canada Life Reinsurance, covering the risk of pensioner and dependent members.

The Pensions Dashboard Programme (PDP) has published key data standards which will underpin the initial technology used to allow savers to view their pensions.