All Defined benefit articles – Page 4
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NewsSuperfunds trump insurers for schemes exiting PPF assessment
Consolidators such as Clara Pensions could be a more popular future path for defined benefit (DB) pension schemes seeking to exit the Pension Protection Fund’s assessment process, according to a survey.
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NewsM&G launches ‘risk-sharing’ buy-in service for pension schemes
M&G has completed an innovative risk-sharing buy-in with an unnamed pension scheme and its sponsor, insuring approximately 3,200 members.
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NewsNational Grid powers £1.7bn buy-in with Aviva
National Grid has insured the bulk of its section of the Electricity Supply Pension Scheme through a £1.7bn transaction with Aviva.
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NewsDon’t ignore covenant risk, says SPP
Well-funded defined benefit (DB) pension schemes must still retain a focus on covenant risk even though they may be relying less on their sponsors, according to the Society of Pension Professionals (SPP).
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News‘Pivotal point’ for fiduciary management as DB matures
Fiduciary managers face a “pivotal point” as DB schemes mature and the investment and regulatory landscapes grow more complex, according to Isio.
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NewsG4S agrees £1.8bn buy-in deal with Just Group
Security group G4S has insured its defined benefit pension scheme through a £1.8bn full-scheme buy-in with Just Group.
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NewsUtmost completes inaugural buy-in deal
Utmost Life & Pensions, one of the newest insurers to enter the bulk annuity market, has completed a £20m buy-in with an unnamed defined benefit (DB) scheme.
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FeaturesChanging course: The case for reinvesting pension scheme surpluses
Ahead of chancellor Rachel Reeves’ Mansion House speech on Thursday, Pensions Expert explores changing attitudes towards defined benefit scheme surpluses and how they could be used to benefit members, employers and the wider economy.
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NewsBulk annuities update: £510m worth of benefits secured in four deals
Standard Life has secured the benefits of 2,200 people across two buy-ins worth a combined £250m, in a busy week for bulk annuity announcements.
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NewsWhy Railpen brought its trading desk in-house
Amid widespread industry debate on consolidation and the benefits of insourcing and outsourcing, Railpen’s Jack Crawley explains how the £34bn scheme internalised its trading function.
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NewsNatWest insures £11bn through multiple buy-ins
The high street bank has conducted a series of buy-in deals this year, reportedly with Rothesay Life.
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NewsInvestment roundup: Aon takes on three major fiduciary clients
Plus: Pension Insurance Corporation backs £54m housing venture, and M&G launches asset-backed securities fund.
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OpinionMaturing schemes and endgame planning: The pensions ‘teenage years’
Naomi Brown, senior counsel at Sackers, explains the parallels between managing a maturing defined benefit scheme and life as a parent.
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NewsBudget 2024: Bond managers downplay gilt market volatility
Fixed income experts have downplayed gilt market volatility during and after the Budget announcement yesterday, as chancellor Rachel Reeves announced significant taxation and spending plans.
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NewsMineworkers to receive 32% pension bonus
Members of the Mineworkers’ Pension Scheme will receive a bonus payment of almost a third of their regular pension income after the government confirmed it will transfer a reserve fund’s assets to the trustees.
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NewsBulk annuities latest: L&G insures Deutsche Bank scheme for £1.1bn
Legal & General (L&G) has completed a £1.1bn buy-in with Deutsche Bank’s UK defined benefit scheme, securing the pensions of around 4,000 members.
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OpinionCharity schemes are stronger when working in partnership
Charity DB schemes have experienced a similar positive journey to private sector peers in recent years. Charities Pensions Club director Chloe Scragg explains the challenges they still face and how they are tackling them.
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NewsAviva converts longevity swap as part of £1.3bn RAC buy-in
Aviva has secured a £1.3bn buy-in for the RAC 2003 Pension Scheme, insuring the benefits of approximately 19,000 members.
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NewsPLSA Conference: DB is ‘part of the future of pensions’
Defined benefit (DB) should be considered part of the future, not just the past of pensions, according to panellists at the Pensions and Lifetime Savings Association’s Annual Conference.
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NewsMichelin insures DB scheme for £1.5bn
Tyre manufacturer Michelin has insured its defined benefit (DB) scheme for £1.5bn with Aviva, marking the biggest bulk annuity deal of 2024 so far.