Defined benefit – Page 2
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NewsMonte dei Paschi scheme seeks asset managers for DB sub-fund, private equity
The pension fund is looking for an asset manager to invest €70-80m in private equity and another for €80m to run its DB sub-fund
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AnalysisIPE UK Briefing: Consolidating LGPS assets and DC funds into 'megafunds'
Plus: British Growth Partnership; Innovation in BPA market
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NewsUK regulator publishes defined benefit covenant guidance
The update is the last piece of the jigsaw to help schemes carry out valuations under the new DB funding code
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NewsMerchant Navy Ratings Pension Fund completes £450m longevity swap
Transaction is structured as an insurance contract with a captive insurer in Guernsey
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NewsKION Group completes £250m buy-in deal with Canada Life
Deal covers five different UK DB pension schemes within the group, covering the benefits of over 3,000 members
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NewsNational Grid’s Electricity Supply Pension Scheme completes £1.7bn buy-in with Aviva
The transaction included transitioning the group’s existing longevity swap with Zurich to Aviva
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NewsM&G launches Value Share Bulk Purchase Annuity with £500m transaction
The proposition balances the needs of both members and sponsor
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NewsAhold Delhaize buys off sponsor guarantee for pension fund
The move is related to the fund’s planned transition to a DC arrangement in 2027
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NewsAbsence of further guidance on surplus sharing for UK DB schemes is ‘missed opportunity’
Industry commentators say government should tap into corporate DB pension sector for capital investment into UK
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NewsG4S Pension Scheme completes £1.8bn buy-in deal with Just Group
The scheme’s funding level had improved in recent years, enabling the trustee and company to accelerate de-risking plans
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NewsTransition to DC plans by German firms almost complete, says WTW
Survey shows that 97% of firms in Germany now offer a defined contribution option
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NewsTPT Investment Management launches LDI solution for DB schemes
Solution is designed to enable schemes to implement robust long-term funding strategies focused on their endgame objectives
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NewsThree UK pension schemes complete buy-in transactions
Atradius Pension Scheme completed £190m buy-in with PIC; Halma Group Pension Plan and Apollo Pension and Life Assurance Plan completed £250m buy-in with Standard Life
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NewsMineworkers handed back £1.5bn pension pot in Budget
Over 100,000 former mineworkers are due to benefit from Labour’s decision
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NewsDeutsche Bank UK scheme completes final £1.1bn buy-in with Legal & General
The transaction marks the third and final transaction for the scheme, bringing the total of insured liabilities with L&G to £2.1bn
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NewsRAC pension scheme completes £1.3bn buy-in with Aviva
The transaction secures benefits for circa 19,000 members
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NewsDB schemes still question viability of run-on as long-term strategy
SPP polled 400 pension professionals on whether they expect run-on to be a viable long-term strategy for their scheme
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NewsTPT launches £800m liquid alternatives fund
This is TPT Investment Management’s fourth fund in a series of seven planned funds
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NewsAlecta’s DC product returns 8.7% as equities rally, bonds priced higher
Swedish occupational pensions major sees asset total grow to SEK1.33trn by end September
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NewsAon launches investment strategy framework for UK pension schemes
‘The Zone Framework allows trustees and sponsors to ask the right questions and to identify clearly what success means to them,’ says Aon
