Defined benefit – Page 4
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AnalysisDB schemes indicate growing preference for retaining assets
But buyout remains preferred option, according to UK pensions industry
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NewsClara superfund takes over Wates Group’s 1,500 members
This is the first superfund transaction to be completed by an active business, Clara claims
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NewsPension Protection Fund puts levy decision on hold
The lifeboat expects to make a decision on a new levy for 2025/26 in January
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NewsHays pension scheme completes £370m buy-in with PIC
The transaction is final step towards Hays fully insuring its UK DB pension obligations
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NewsDB schemes with fewer than 1,000 members make up 80% of total funds under PPF
However, these schemes only make up around 10% of total assets, liabilities and members
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NewsMonte dei Paschi scheme seeks asset managers for DB sub-fund, private equity
The pension fund is looking for an asset manager to invest €70-80m in private equity and another for €80m to run its DB sub-fund
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AnalysisIPE UK Briefing: Consolidating LGPS assets and DC funds into 'megafunds'
Plus: British Growth Partnership; Innovation in BPA market
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NewsUK regulator publishes defined benefit covenant guidance
The update is the last piece of the jigsaw to help schemes carry out valuations under the new DB funding code
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NewsMerchant Navy Ratings Pension Fund completes £450m longevity swap
Transaction is structured as an insurance contract with a captive insurer in Guernsey
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NewsKION Group completes £250m buy-in deal with Canada Life
Deal covers five different UK DB pension schemes within the group, covering the benefits of over 3,000 members
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NewsNational Grid’s Electricity Supply Pension Scheme completes £1.7bn buy-in with Aviva
The transaction included transitioning the group’s existing longevity swap with Zurich to Aviva
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NewsM&G launches Value Share Bulk Purchase Annuity with £500m transaction
The proposition balances the needs of both members and sponsor
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NewsAhold Delhaize buys off sponsor guarantee for pension fund
The move is related to the fund’s planned transition to a DC arrangement in 2027
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NewsAbsence of further guidance on surplus sharing for UK DB schemes is ‘missed opportunity’
Industry commentators say government should tap into corporate DB pension sector for capital investment into UK
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NewsG4S Pension Scheme completes £1.8bn buy-in deal with Just Group
The scheme’s funding level had improved in recent years, enabling the trustee and company to accelerate de-risking plans
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NewsTransition to DC plans by German firms almost complete, says WTW
Survey shows that 97% of firms in Germany now offer a defined contribution option
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NewsTPT Investment Management launches LDI solution for DB schemes
Solution is designed to enable schemes to implement robust long-term funding strategies focused on their endgame objectives
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NewsThree UK pension schemes complete buy-in transactions
Atradius Pension Scheme completed £190m buy-in with PIC; Halma Group Pension Plan and Apollo Pension and Life Assurance Plan completed £250m buy-in with Standard Life
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NewsMineworkers handed back £1.5bn pension pot in Budget
Over 100,000 former mineworkers are due to benefit from Labour’s decision
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NewsDeutsche Bank UK scheme completes final £1.1bn buy-in with Legal & General
The transaction marks the third and final transaction for the scheme, bringing the total of insured liabilities with L&G to £2.1bn
