News

The true level of flexibility for defined benefit (DB) schemes that take the ‘bespoke’ option laid out in the proposed DB funding code needs further clarification, the industry has said.

The economic impact of coronavirus is unlikely to overshadow the Work and Pensions Committee’s (WPC) inquiry into the success of pension freedoms, the industry believes.

Coats Group has agreed with its UK pension trustees to defer the payment of its remaining deficit recovery contributions (DRCs) for 2020.

The ICI Pension Fund has completed its ninth buy-in with Legal & General (L&G), insuring a further £70m of benefits and bringing total insured benefits with L&G to around £5.8bn.

Just Group completed £460.3m of bulk annuity deals in the six months to 30 June, its half-year results have revealed.

Defined benefit (DB) transfer values continued to increase to yet another record high during July but the number of people opting to exit final salary schemes remains steady, according to XPS Transfer Watch.

The Littlewoods Pensions Scheme has completed a buy-in covering just under £930m of around 6,500 members’ benefits with Rothesay Life, the majority of which relate to deferred members.

The search for Pensions Personality of the Year is now on - and we are asking you to nominate your favourites for the 2020 accolade by tomorrow afternoon (12 August).

PP sister title BusinessGreen has launched a new Net Zero Investment Hub in the run up to its inaugural Net Zero Festival this autumn.

The Local Government Pension Scheme (LGPS) funds of Lothian, Falkirk and Fife have appointed three independent advisers to their joint investment strategy panel (JISP).