Defined benefit – Page 8
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NewsScottish Widows and Rothesay complete £6bn in-force bulk annuity deal
The transaction is expected to lead to a Part VII transfer of underlying assets and policy liability next year
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NewsUK regulators to remove barriers on productive finance investing
FCA, PRA and TPR will work together to manage potential risk and support the development of a more positive ecosystem for UK investment
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NewsPension funds look to sell real estate investments
Investment-grade bonds and private credit are the most popular asset classes, according to a GSAM pension fund survey
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NewsOckham Pension Scheme completes £110m buy-in deal with Just Group
This is a third buy-in completed by a pension scheme sponsored within Liverpool Victoria
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News£100bn could be returned to UK plan sponsors over next 10 years, says Isio
In response to regulatory changes, Isio launched purposeful run-on framework to help schemes invest beyond full funding on a buyout basis
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NewsRoyal London kicks off entry into UK bulk annuity market
The move follows transaction with Royal Liver UK pension scheme and the Royal London Group pension scheme
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NewsDutch wholesalers fund to give members individual choice on DC switch
The fund’s decision aligns with MP Agnes Joseph, a former actuary, who is advocating freedom of choice for pension fund members
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NewsUK ‘cools-off’ on pot for life model as it announces Spring Budget
Industry welcomed slow down from government in a push to introduce lifetime pensions provider model
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NewsExtra disclosure under TPR’s funding code could push up scheme costs
There is a risk that an ‘overly prescriptive’ approach pushes trustees into ‘costly tick-boxing’ exercise, according to Cardano
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NewsUK pensions regulator consults on statement of strategy for DB funding code
The consultation, which will run until 16 April, looks at what trustees will need to submit as part of planning and managing their DB schemes’ funding positions
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NewsPrivate market managers must be held to account for climate reporting
Availability of climate data from private markets remained patchy in 2023, research from Hymans Robertson shows
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Country ReportCommentary: Pension funding options for German employers
Pension schemes have a choice of ways in which they can exercise their funding obligations
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NewsMeeting schemes’ benefit structures is barrier to consolidation, pensions industry says
Consolidation is not off the table, according to the PPF, but consolidators need to get the design right
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NewsUK Funding Code to come into effect at the end of September
The regulator will consult on its statement of strategy ‘in the next few weeks’, says Louise Davey
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NewsAlecta writes off €1bn of its Heimstaden Bostad investment
CEO of troubled Swedish pensions giant says ‘fully aware it will take time and hard work to regain customers’ trust’
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NewsUK master trust appoints Van Lanschot Kempen as fiduciary manager
With the mandate, the Cheviot Trust’s quality approach to governance will be enhanced by better information and data in relation to sustainability
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NewsUK scheme trio consolidate into TPT Retirement Solutions master trust
The schemes joining TPT have combined assets of £220m and will transfer motre than 3,500 new members
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NewsHymans Robertson sets up digital tool to help schemes’ buyout journey
The app also uses dynamic annuity pricing to let schemes see how close they are to buy-out and what happens if things change
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NewsDutch hospitality industry fund ups interest rate hedge in run-up to DC switch
Pensioenfonds Horeca & Catering will be one of the first pension funds to switch to a DC arrangement on 1 January 2025
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NewsUK pensions industry welcomes DWP plans for DB surplus extraction
DWP consults on plans to make DB surplus extraction easier and set up a public sector consolidator operated by PPF
