All Buyout articles – Page 15
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Opinion
Prepping for buyout: How the current derisking market affects your scheme?
Last year was a record for the bulk annuity market with more than £13bn of transactions – and the market is expected to be similarly active in 2015.
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Features
What does the future hold for LDI?
Aviva Investors' Mark Versey, Legal & General Investment Management's Laura Brown, KPMG's Simeon Willis, AMNT committee member and Lend Lease Pension Scheme trustee, Alan Gander, Pan Trustees' Mike Roberts, Buck Consultants at Xerox's Celene Lee and State Street Global Advisors' Howard Kearns, take a look into the future of liability-driven investment strategy, in the final part of this debate.
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News
Derisking market outpaces earlier estimates, topping £35bn
At £35bn, 2014's record derisking activity has exceeded initial estimates, a report has found, with experts also predicting a changing view of longevity will bring sustained market growth.
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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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Features
Imperial Tobacco ups employer contributions after funding drop
Imperial Tobacco has increased contributions to its UK defined benefit scheme to boost its winding-up funding level, which has dropped by 12 percentage points, according to its latest valuation.
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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
Aircraft scheme achieves 20% buyout uplift
SR Technics UK’s pension scheme has secured benefits of around 20 per cent above what members would have got through the Pension Protection Fund, by investing in matched assets and improving its data.
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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.