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Rolls-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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Rolls-Royce pension fund picks BlackRock for custom-built default fund
Plus: LPP invests in Federated Hermes’ private equity fund; GAD completes methodology assessment into British Steel scheme; Osmosis partners with SuMi TRUST
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Rolls-Royce to save £145m in pensions overhaul
DC plan contributions doubled and DB scheme to remain open until 2024 after union agreement
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Paul Spencer to retire as Rolls-Royce pension chair
Jupiter Fund Management chair Liz Airey to take over at the end of December
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Rolls-Royce UK pension fund seals record £4.6bn de-risking deal
Trustee to offload £4.1bn of pension liabilities covering 33,000 pensioners to Legal & General, and transfer £4.6bn of assets
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AP7 divests €100m of largely Chinese oil and coal stocks
Swedish premium pension default provider says coal phase-out is ‘single most important measure to curb climate change’
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UK roundup: Tesco lawsuit, L&G, Rolls-Royce, MJ Hudson, Allenbridge
Institutional investors sue UK’s largest supermarket
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Rolls-Royce agrees £3bn longevity swap with Deutsche Bank
Deal with Deutsche Bank one of the largest to date, with a total value of £3bn (€3.5bn).
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Rolls-Royce secure pensions top-up deal
[15:00 CET 20-12] UK - Rolls-Royce Group has completed its payment of £500m (€694.4m) into its three defined benefit pension plans after trustees agreed to a lower risk investment strategy.
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Rolls-Royce may inject cash despite pensions surplus
[16:40 CET 12-02] UK – Rolls-Royce, the engine manufacturer, has today revealed it may need to contribute even more to its defined benefits (DB) pensions arrangements over the coming year even though pension fund was technically in surplus under IAS19 accounting.
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Rolls-Royce to pay €724m to cut pension deficit
UK – Aerospace group Rolls-Royce is proposing to make a £500m (€724m) lump sum contribution to help ease a £1.3bn pension deficit.
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Icelandic pensions major blacklists 138 firms as new policy kicks in
Pension Fund of Commerce has already sold ISK3bn (€20m) of investments, with more to come
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UK: Labour government seeks continuity with focus on boosting domestic investment
The Department for Work and Pensions will have its work cut out as the new Labour government starts a comprehensive pensions review
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KLP cracks down on nuclear weapons, sells off €131m shares, bonds
Norway’s main municipal pensions provider blacklists 14 companies on controversial weapons grounds, including Raytheon and Rolls Royce
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Rolls-Royce to pay e55m to plug growing deficit
UK- Rolls-Royce has warned that it may have to pay out a further £35m (e55m) next year in order to plug the shortfall in its main UK pension fund. The group already makes annual contributions of £72m (e113m).
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De-risking deals totalled £17.6bn in H1: LCP
Legal & General and Pension Insurance Corporation dominated the market for buy-ins and buyouts in the first six months of 2019, and the total for the full year is set to be a record
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Growth in air travel needs to be curtailed, says Climate Action 100+ report
If air traffic growth cannot be curbed fast enough, sustainable aviation fuel would need to be adopted sooner and to a greater degree than planned
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People moves: GAM names new group chief
Plus: Vontobel appoints co-CEOs; Aviva recruits environmental sustainability director
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One-third of FTSE 100 companies have carried out derisking deals
Aon: Figures indicate high-profile UK businesses are paying increasing attention to pensions risks
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L&G launches blockchain-based pension insurance platform [updated]
Legal & General has teamed up with Amazon to develop a blockchain-based pension risk transfer process, dubbed Estua-re