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NewsSmiths Group scheme completes £640m buy-in deal with Rothesay
The transaction secures benefits of remaining uninsured scheme members – DB liabilities for around 800 pensioners and a further 7,950 deferred members
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Smiths Group secures £176m buy-in with Canada Life
FTSE 100-listed engineering firm strikes pension risk transfer deal bringing total bulk annuity value across all schemes to £1.6bn
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Asset Class ReportsUK roundup: Smiths Group, PIC, USS, National Audit Office
Tech giant continues tranche-based de-risking; £711m paid to police and firemen after pension errors
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NewsSmiths Group sets up escrow account for pension deficit
UK – Smiths Group, the global technology company, has reached an agreement with the trustees of its two UK pension schemes to recover the combined deficit of £655m (€788m) over the next decade.
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Smiths Group sees improved pensions surplus
[15:00 CEST 26-09] UK – Smith Group, a specialist supplier of detection equipment for airport security, has more than doubled its funded pension schemes surpluses and pulled increased the value of its UK fund to almost £3bn (€4.5bn).
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NewsPeople moves: Managing partner of PKA’s private equity arm to leave role
Plus: AP2 picks corporate governance lead; Fidelity International names president
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NewsUK roundup: Top governance group warns against ‘race to the bottom’
Plus: Smiths Industries £146m buy-in, IA sets out executive pension, climate change stance
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Rothesay breaks another record with £3.8bn buy-in
The deal secures benefits for 27,000 former employees of UK drinks company Allied Domecq’s DB scheme, and is the biggest buy-in to cover both retired and deferred members
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DWP names successor to outgoing Pension Protection Fund chair
Incoming chair has been non-executive director at UK lifeboat fund since 2011
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UK’s Smiths taps Northern Trust for custody
UK – Industrial group Smiths Group has awarded a two billion-pound (2.83 billion-euro) global custody mandate to Northern Trust.
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TI Group agrees partial buyout with L&G
[16:15 CEST 21-4] UK – The TI Group Pension Scheme (TIGPS), one of the schemes belonging to the engineering firm Smiths Group, has agreed a £250m (€312m) partial annuity buyout deal with Legal & General.
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TI Group agrees second buy-in (Update)
[13:15 CEST 22-09] UK – The £1.3bn (€1.7bn) TI Group Pension Scheme (TIGPS), one of the schemes belonging to the engineering firm Smiths Group, has agreed a second £250m (€312m) partial buy-in deal, this time with Paternoster.
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Special ReportUK: Funding challenges amid continued market uncertainty
The UK’s pension regulator emphasises the need for schemes to focus on long-term planning, transparency and risk management
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Partnership doubles book with largest enhanced buy-in
Firm doubles bulk annuity book through £22m deal covering half of scheme’s liabilities
White papersResponsible Investment Quarterly - Q1 2022
Welcome to the newly designed Responsible Investment Quarterly. Over a number of years we have developed the publication to showcase Columbia Threadneedle Investment’s responsible investment (RI) capabilities across Europe, Asia and the US. In this new incarnation we wanted to focus more on the RI research embedded within our investment process, and how it supports and furthers our investment approach across the globe.
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Special ReportUK: Consolidation remains controversial
Guidance on the long-awaited legislation setting out a regulatory framework for superfunds is finally released
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Special ReportTop 1000 Pension Funds 2024: Pensions back at a sweet spot
Assets for the leading 1000 European pension funds grew by 8.7% year-on-year, reversing last year’s loss of 6.8%. This brings total assets back up to above their previous high water mark of €9.7trn in 2022’s research exercise. This year’s overall net gain in assets of €775bn is the largest since 2021’s increase of €810bn.
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Wednesday people roundup
PensionDanmark, Atkin & Co, Towers Watson, PPF, Euroclear Finland, State Street Ireland
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IBM modifies pension changes after UK member backlash
[16:55 CEST 01-10] UK – Unite, the trade union, has claimed IBM will delay changes to their UK final salary pension scheme following a "backlash from thousands of employees", though argued the revisions do not go far enough.
White papersResponsible Investment Quarterly Q4 2018
Cloud computing, machine learning and the potential of the, as yet, relatively untapped field of data science have been rapidly rising up the agenda of the investment world. In an industry that is undergoing seismic changes, the capabilities, reach and efficiencies that data science innovation offers have potential to play an important role
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