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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NewsAQA Education completes £120m full scheme buy-in with Rothesay
The transaction insures the benefits of all 869 scheme members, comprising 471 pensioners and dependants, as well as 398 deferred members
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NewsWales Pension Partnership launches £25bn pooled investment company
The company will consolidate assets of 22 local authority pension funds representing 412,000 members
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NewsIreland launches consultation on consolidation of defined benefit market
Master trust market in Ireland has continued to grow as trustees and employers respond to obligations under the IORP II
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NewsCancer Research UK pension fund in £280m buy-in with Standard Life
Th fund worked closely with Standard Life to meet its de-risking objectives and secure the buy-in deal through a ‘bespoke’ offering
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NewsUK market at ‘inflection point’ for tackling systemic risks, says report
But panellist describes systemic risk as another term that is ‘bandied about’ without being clearly understood
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NewsPrudential Regulation Authority puts funded reinsurance use high on agenda
Regulator to increase transparency of insurer life stress test by publishing both sector-wide and firm-specific stress test results for largest UK life insurers
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NewsBulk purchase annuity transactions hit record number in 2024
298 bulk purchase annuity transactions were completed in 2024, an increase from 227 in 2023
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InterviewsTPT’s quest to support UK DB pension schemes
Peter Smith, investment director at TPT, the consolidator of UK DB pension schemes, talks to Pamela Kokoszka about the latest developments in investment management at the organisation
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NewsNordic pensions heavyweights look for silver lining amid limited Q1 losses
ATP’s Præstegaard emphasises importance of guarantees in unpredictable times, while NBIM turns in a small loss for Q1
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NewsUK regulator prepares trustees for first valuations under new DB funding code
The Pensions Regulator has published the first annual funding statement, which shows that just over half of UK pension funds (54%) are in surplus on a buyout basis
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NewsPLSA warns UK government-proposed LGPS pool mergers must be ‘fair and fully costed’
Local government pension scheme (LGPS) pools ACCESS and Brunel were told to merge last week
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NewsATP picks academics with Norway SWF credentials to complete evaluation panel
Denmark’s €96bn statutory pension fund appointed Magnus Dahlquist and Andrew Ang to add international expertise to new external scrutiny board
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NewsProfessional trustees gain influence within UK pension industry, reports say
Many trustees still feel ‘that their voice is not being heard in the corridors of power’, says LCP
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NewsNedlloyd fund concludes €950m buyout with Zwitserleven
Prior to the deal, the fund had hedged its equity, dollar and interest rate risk ‘as much as possible’, ahead of ‘Liberation Day’
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NewsTPR ‘right’ to hold professional trustees to account as it extends regulatory oversight
The UK regulator’s market oversight team will establish ongoing supervisory relationships with professional trustee firms
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NewsAberdeen takes on pension policies worth £3bn from Phoenix Life
The transfer relates to a specific book of business, which includes UK DB and DC pension funds, as well as UK Local Government Pension Schemes
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NewsUK 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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NewsLloyds 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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AnalysisIPE 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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AnalysisDutch 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
