Risk Reduction

Simply levelling-down public sector pensions would be a "short-sighted" approach both in the short and longer-term, the Association of Consulting Actuaries says.

Unlike former PP editor-in-chief Alex Beveridge, who admitted in his column last week that reading time has become a somewhat rare commodity since the birth of his baby son, I still have some time for light-hearted reading.

The buyout and risk reduction marketplace has grown significantly over the past two years.

One of British Airways' two pension schemes has insured £1.3bn of pensioner liabilities in a buy-in deal with Rothesay Life.