Defined benefit
In-depth reporting on defined benefit (DB) pensions for our pension fund and asset management readers from IPE’s award-winning journalists
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News
UK defined benefit trustees favour sponsor loans as part of de-risking
Sponsor loans are favoured by 64% of DB trustees looking at buy-in and buyout
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News
Lloyds Banking Group pension funds strike two more longevity swaps
The third and fourth longevity hedging transactions protect in aggregate a further £5.1bn of scheme liabilities
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Analysis
IPE Netherlands Briefing: Dutch funds increase funding ratio protection
Plus: Council of State’s proposal for mandatory ballots on pension fund level
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Analysis
Dutch pension funds hedge equity risk in run-up to DC transition
While some funds have sold part of their equity exposure, more are likely to use options to reduce the downside risks to their listed equity investments
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Analysis
What UK trustees need to know about Pensions Act Section 58B
Trustees have expressed concerns over ‘criminal offence’ assertions in Pensions Act during PLSA investment conference
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News
BT Pension Scheme completes two longevity swaps totalling £10bn
The arrangements cover BTPS pensioner liabilities of £5bn with Swiss Re and increase existing cover with RGA by £5bn
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News
UK DB funds rethink endgame amid surplus extraction plans
One in five DB pension funds say their investment adviser or consultant suggests they change their approach to endgame
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News
Anglo American insures three pension funds with L&G
The combined £785m buy-in transactions secure benefits of over 5,100 retirees and 2,500 deferred members
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News
Stagecoach pension boss calls for UK DB growth asset boost
‘We invest virtually nothing in our own ideas,’ Stagecoach’s John Hamilton tells PLSA investment conference
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News
Brunel Pension Partnership delivers cost savings of £46m
Investment pool shifts focus from cost-saving approach to ensuring value for money
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News
LGPS changes may not be ‘comfortable but will happen’, vows UK pensions minister
Minister confirmed government intends to stick to the March 2026 pooling deadline
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Interviews
Alecta CEO: ‘It’s taken a lot of blood, sweat and tears, but we are on the right track’
Peder Hasslev’s has made a variety of investment strategy changes, including increasing the holdings in its equity portfolio
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News
‘Maple 8’ did not happen overnight, PLSA conference delegates are told
Mei Mavin of Canada Pension Plan Investment Board says it took the fund over 25 years to get to where it is in terms of assets, returns and strategy
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Analysis
Germany expects new wave of buyout transactions tipped to reach €60bn
VEDRA Pensions has signed a deal to take over pension obligations of Hauck Aufhäuser Lampe Privatbank, the first in Germany for a bank
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Analysis
IPE UK Briefing: NEST strengthens private markets commitment
Plus: UK pensions consultants suggest there is significant opportunity for smaller pension schemes in BPA market
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Analysis
LGPS pools push back against Rachel Reeves ‘megafund’ plans
ACCESS, Wales Pensions Partnership and Northern LGPS pushed back against government proposals
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News
Majority of UK DB funds run at surplus but lack strategy to use it
LawDeb Pensions research shows that 83% of UK DB pension funds have reported a surplus
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News
Inchcape Motors pension fund in £505m buy-in with Legal & General
The transaction secures the benefits of 2,295 retirees and 5,890 deferred members
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News
Abrdn unlocks DB surplus to fund DC contributions
Abrdn DC members will benefit from a share of scheme’s £800m surplus