All Buyout articles – Page 5
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NewsImperial Tobacco agrees £1.8bn deal, charity completes full buy-in
Risk watch: A roundup up of the latest derisking transactions, including the Imperial Tobacco Pension Fund’s 1.8bn deal with Standard Life, and the Royal National Mission to Deep Sea Fishermen Retirement Benefit Scheme’s full buy-in with Legal & General.
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OpinionPrivate debt can help schemes reach endgame goals
Pension schemes are maturing rapidly, with the majority now cash flow negative paying out more in benefits than they receive through contributions.
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News2022 set to be a bumper year for bulk annuities
On the go: 2022 is set to be a busy year when it comes to derisking and could break the record for the largest transaction, according to a report from LCP.
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NewsMitchells & Butlers agrees buy-in, AvestaPolarit derisks with Rothesay
Risk watch: A roundup up of the latest derisking transactions, including the Mitchells & Butlers scheme’s £650m full buy-in with Legal & General and the AvestaPolarit scheme’s bulk annuity transaction with Rothesay.
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NewsRisk settlements to top £45bn for third consecutive year
On the go: The UK pension risk settlement market is anticipated to see volumes of more than £45bn by the end of 2021, the third year in a row that it has reached this level, according to analysis by Aon.
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OpinionSchemes need to consider illiquids in endgame scenarios
With most defined benefit pension funds having an eye on the ‘endgame’, and for many this ultimately meaning buyout, a wariness towards locking assets up into illiquids that are hard to sell is not surprising.
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NewsPPF Purple Book shows improved DB funding but risks remain
Data crunch: Scheme deficits have recovered by £100bn since the low point of the Covid-19 pandemic, while the Pension Protection Fund liabilities with schemes in assessment are down by more than £4bn, according to the PPF’s Purple Book 2021.
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NewsFCA to monitor transfers after Old British Steel scheme exits PPF
On the go: The Financial Conduct Authority will be monitoring pension transfer requests from the Old British Steel Pension Scheme, as the scheme has exited its assessment period at the Pension Protection Fund.
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NewsFifth of businesses are interested in CDC schemes
On the go: More than a fifth of businesses are interested in setting up a collective defined contribution scheme for their employees, according to new research from the Association of Consulting Actuaries.
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NewsPositive outlook for bulk annuity transactions in 2022
On the go: Insurers’ appetite for bulk annuities could be heightened in 2022 after a relatively slow 2021, according to research from Barnett Waddingham.
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NewsClara Pensions to begin accepting transfers after TPR clearance
The Pensions Regulator has cleared consolidator Clara Pensions to begin accepting transfers, opening up a new endgame option for defined benefit schemes.
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NewsDerisking activity ramps up in Q3
Data crunch: Derisking activity picked up in the third quarter of 2021, as bulk annuity transactions reached their highest point of the year.
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NewsDB schemes with assets above £1bn increase by 90% in 8 years
On the go: The number of defined benefit pension schemes with assets of more than £1bn has increased by 90 per cent since 2013, according to research by Barnett Waddingham.
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NewsMore schemes choosing buyouts over self-sufficiency, Aon finds
On the go: The number of pension schemes targeting buyouts has surpassed those opting for self-sufficiency for the first time, according to new research from Aon.
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NewsCharity scheme to leave PPF assessment in £30m buy-in
On the go: The John Townsend Trust Pension and Assurance Scheme has agreed a £30m full scheme buy-in with Legal & General, moving out of the assessment period at the Pension Protection Fund.
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NewsAlmost a quarter of trustees unsure of endgame strategy
On the go: There are still doubts among trustees about their defined benefit schemes’ long-term strategy, as almost a quarter of these professionals (23.9 per cent) are unsure of their endgame strategy, a survey has revealed.
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NewsHealthcare diagnostics scheme completes £130m full buy-in
On the go: The PerkinElmer (UK) Pension Scheme has completed a £130m full buy-in with Phoenix Group subsidiary Standard Life.
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NewsMiracle Garden Care scheme agrees £49m full buyout
On the go: The Miracle Garden Care Pension Scheme has completed a £49m buyout deal with Just Group.
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NewsPPF to appoint specialist panel to assist with overfunded schemes
On the go: The Pension Protection Fund is looking to appoint four new specialist companies to provide transaction advice to schemes in assessment that are overfunded on a PPF basis.
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NewsCD&R called to reassure MPs over Morrisons takeover
On the go: Labour and Liberal Democrats MPs have warned Clayton, Dubilier & Rice that it must make guarantees to workers and rule out asset-stripping as it looks set to complete its £7.1bn Morrisons takeover.