Defined benefit – Page 13
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NewsRolls-Royce & Bentley Pension Fund inks £880m buy-in
The buy-in included novation of the scheme’s existing longevity swap with Standard Life
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NewsIGG launches service aimed at transforming small scheme governance
IGGnite enables schemes below £150m access to scheme management and investment solutions at a cost typically reserved for larger schemes
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NewsTPT Investment Management launches two alternative investment funds
The funds provide pension schemes with access to real assets and secure income investment opportunities
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AnalysisUK election: Another delay to funding code ‘highly likely’
Statement of strategy, guidance on new covenants or definition of significant maturity are still missing
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NewsSibelco Pension Scheme completes £165m buy-in with Aviva
Plus: K3 Advisory launches small scheme buy-in to buyout services
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AnalysisUK election: What a new government will mean for pensions
UK political parties have published their manifestos, outlining key priorities for pensions
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Opinion PiecesViewpoint: The cost of caution
In the world of sustainable finance policy, ‘billions to trillions’ has become the rallying cry of efforts to finance the UN’s SDGs and tackle climate change
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NewsLCP predicts new entrant to risk transfer market in 2024
New entrant would take the UK risk transfer market to a record 11 insurers
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NewsMedical Protection Society completes £125m buy-in with Rothesay
The buy-in secures benefits of all 618 scheme members comprising 174 pensioners and dependants, and 444 deferred members
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NewsChris Hogg steps down as National Grid Pension Scheme CEO
Hogg recently oversaw a project which saw NGUKPS outsource investment management to Russell Investments
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NewsEnplan adds Nottingham Building Society to DB consolidation platform
Nottingham Building Society is the fifth building society to join Enplan
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NewsNext UK government must intensify scrutiny of funded reinsurance
The Bank of England’s response to funded reinsurance consultation is put on hold during the election period
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NewsInvestment Association calls for pensions industry shift in investment risk
IA CEO Chris Cummings proposes a three-point plan to reform the UK pension system
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NewsLCP survey calls for reinterpretation of fiduciary duty
Research shows that a new interpretation of what fiduciary duty is should enable trustees to consider climate and other systemic risks
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NewsFTSE 350 companies paid £6.6bn to UK DC plans in 2023
DC spend exceeds DB spend among DB sponsors for the first time
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NewsArqiva pension fund completes £204m buy-in with PIC
The transaction secures the benefits of 589 pensioners and dependents, and 215 deferred members
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NewsTelereal Pension Plan completes £130m buy-in with Aviva
The deal covers the defined benefit liabilities for around 500 members of the plan
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NewsICI Pension Fund completes £900m buy-in with Legal & General
The transaction secures the benefits of over 7,000 retirees
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NewsDB scheme employers urged to review surplus framework ahead of valuations
Areas to be reviewed include escrow arrangements, contribution mechanisms and funding of future service contributions
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NewsUK DB schemes concerned over increasing volume of regulatory pressures
Russell Investments research shows that DB schemes’ concerns over regulation have more than doubled since autumn/winter 2022
