Defined benefit – Page 3
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NewsChurch of England Pensions Board completes £145m buy-in with Aviva
All pensions within the Church Workers Pension Fund are now secured with insurers
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NewsMichelin Pension scheme completes £1.5bn buy-in with Aviva
The transaction secures benefits of circa 15,000 scheme members
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NewsTPT Investment Management sets up fiduciary management for DB schemes
TPT says it uses a range of asset class-specific funds to aggregate the assets currently managed by TPT with those of external pension schemes
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NewsIntesa Sanpaolo, Cariplo pension funds merge to create €12bn scheme
The integration will take place through a ‘collective transfer’ of members and accrued savings
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NewsUK pension funds set to boost infrastructure investment amid volatility
There’s a growing focus on investing in renewable energy infrastructure, such as solar, wind and hydroelectric power projects
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AnalysisIPE UK Briefing: Consultation launched for pension investment review
Plus: Economic growth; DB Funding Code, De-risking
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NewsThomas Miller & Co complete £140m buy-in with Aviva
The transaction secures the benefits of all members in the scheme
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Country ReportNetherlands country report 2024: Dutch pension funds distribute buffers
The arguments heat up over what to do with excess funds in Dutch pension schemes
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NewsRoyal London targets transactions up to £500m as it cements BPA market entry
The insurer has established a team of 40 experts led by director Paul Bowker
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AnalysisWhy pension buyout deals in Germany still struggle to take off
German companies are still reluctant to implement pension buyout projects, especially when it comes to large volumes of obligations, says PwC
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AnalysisUK bulk annuity market expected to close at £40-50bn in 2024
Before the end of the year, there will be 11 insurers providing quotes on deals, more than ever before in the UK and showing the vibrancy of the market, says WTW
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NewsSwiss scheme ups retirement age in new pension plan
The retirement age goes up from 63 years old in the current plan, to 65 years old in the new plan
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NewsMerseyside Pension Fund picks Schroders for £3.8bn equity protection strategy
The strategy enables the scheme to maintain its equity exposures in order to meet its long-term performance objectives, while effectively managing downside risk
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NewsDB schemes note increase in running costs in past year
37% of DB trustees reported a 50% increase in their running costs, according to TPT Retirement Solutions
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NewsMore than half of professional trustee appointments are now sole trustees
LCP saw a 30% increase in the number of sole trustee appointments over the last year
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NewsTPR amends Statement of Strategy following consultation feedback
Trustees will need to consider at an early stage the full list of data that they will need to submit, says LCP
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NewsTPT Investment Management launches £650m private credit fund
This is the third in the series of seven planned fund launches
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NewsMerseyside Pension Fund in £200m buy-in with Aviva
The transaction secures the benefits of 2,500 scheme members
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NewsPPF launches consultation as it plans to keep levy at £100m
UK’s lifeboat scheme continues to engage with government on possibility of lowering levy further
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NewsCurrent policy initiatives could be detrimental to UK’s productive finance agenda
Any attempt to force providers to invest more heavily in certain asset classes is a direct challenge to trustees’ fiduciary duty, says Pensions Policy Institute
