All Buy-in articles – Page 16
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Features
BAE sees four in 10 agree to give up pension increases
BAE Systems Pension Scheme has experienced a 38 per cent take-up of a pension increase exchange offered to pensioner members, in an exercise to reduce its inflation risk.
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Opinion
Why longevity swaps and LDI are losing out in current market conditions
The menu of bulk derisking transactions for pension schemes typically includes longevity risk transfers, buy-ins and buyouts, and liability-driven investment mandates.
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Opinion
A scheme guide to medically underwritten buy-ins
Medically underwritten buy-ins are no longer just an interesting idea, but have developed into a genuine consideration for pension plan trustees. The concept is a natural development from the retail annuity market where most providers offer larger pension incomes to individuals with health issues.
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Opinion
Risk Transfer Index: June 2014
Data analysis: With gilt yields falling it has been a confusing period for investors – but what does it mean for derisking?
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News
Buy-in market predicted to reach new heights
The amount of scheme liabilities underwritten by insurers is expected to reach a record high this year as buy-ins become more affordable and scheme confidence grows, derisking consultants have said.
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NewsNext splits pension fund in bid to turn buy-in to buyout
High-street retailer Next is planning to complete a partial buyout worth around £150m within three months, after completing an innovative split of its pension fund to hive off the lion’s share of its pensioner liabilities.
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Opinion
Risk Transfer Index: March 2014
Data analysis: Equity market performance and gilt stability could make it better value for schemes to lock in any funding gains, according to market commentators.
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OpinionEditorial: Wisdom (outside) of the crowd
Consensus can sometimes feel like the wind that blows this industry along, carrying the latest products from scheme to scheme as managers try to meet common challenges.
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Opinion
Why buy-ins/buyouts are not always the right answer
Pension schemes funding positions are notoriously volatile and deficits have increased significantly over the last decade.
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Opinion
How to determine the value to your scheme of a buy-in/buyout contract
A bulk annuity contract is a financial transaction between the trustees of a pension scheme and an insurance company.
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Opinion
Why bulk derisking is the answer for almost all schemes
This year has been very busy for buy-in activity, with more £4bn of liabilities transacted so far.
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News
Why preparation might not be so crucial to buyout
News analysis: Schemes have been urged to get prepared for bulk derisking deals to benefit from affordability improvements, but one provider has said the necessity of preliminary work is often “overemphasised”.
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News
Poor data impeding derisking plans for smaller schemes
News analysis:Industry experts have said schemes with poor-quality information should not be put off derisking, following recent research showing many funds feel stifled by inadequate data.
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News
Small schemes offered off-the-peg buyouts to speed up derisking
Small schemes will be offered standarised buyouts to decrease the time and cost associated with bespoke bulk annuity purchases, a model that has gained popularity in the buy-in market.
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Features
Tips for managing cost of small scheme derisking
Small schemes looking to derisk should ensure a high standard of data cleansing and carry out a mortality analysis to manage the costs involved, finds Pippa Stephens.
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Features
Achieving fixed price key to Arnold Laver buyout
Timber firm Arnold Laver secured a fixed price for its £45m buyout thanks to an enhanced transfer value (ETV) exercise and a long-term strategy of hedging risk.
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Features
Why stalling on buyout could cost members
Schemes looking to derisk are facing fewer barriers and better value for their members, but they need to move fast, argues Long Acre Life's David Norgrove.
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FeaturesBritish Steel shares longevity risk with members
British Steel Pension Scheme has joined John Lewis and BAE Systems in introducing a longevity adjustment factor to minimise its exposure to longevity risk.
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Features
MNOPF readies for final derisking step
The Merchant Navy Officers Pension Fund has sold assets and shifted its investment approach to prepare for a deal to insure the remaining liabilities of its £1.3bn defined benefit old section.
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Features
Insurers deliver flexible derisking payment plans
Schemes looking to take advantage of the current favourable pricing in the derisking market have been offered a range of flexible payment options by insurers.