All derisking articles – Page 14
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Features
John Laing divests asset-backed funding from former sponsor
The John Laing Pension Fund has sold its remaining stake in infrastructure company John Laing Environmental Assets Group, a holding initially contributed to the scheme as part of a contingent funding plan in 2015.
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OpinionUSS dispute has exposed a transparency deficit
Brexit may be inflaming passions across the country, but away from the headlines an equally heated debate has been raging among scheme advisers, managers and members over the serious matter of how to value pensions.
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NewsRBS scheme slashes equities after £2bn contribution
The Royal Bank of Scotland's UK defined benefit schemes have dramatically cut their exposure to equities, derisking their portfolios into corporate and government bonds to improve the plans' risk level.
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OpinionSuperfunds: A safer prospect for members?
Aside from the constant, almost deafening chatter surrounding Brexit, the Department for Work and Pensions consultation on defined benefit consolidation – or superfunds – has been the talk of the pensions town over the past few weeks.
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PodcastsPodcast: How to approach the bulk annuity market
Podcast: 2019 is predicted to break last year’s record for bulk annuity deals. But with insurers being more selective, experts have stressed the need for defined benefit pension scheme trustees to make sure they are well prepared before approaching the market. In this episode, Marian Elliott, head of integrated actuarial at consultancy Redington, discusses the main drivers behind increased derisking activity in recent years, and explains how pension funds should prepare for transactions.
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OpinionHow to beat volatility in 2019
With an eye purely on the numbers, it might be tough to pinpoint exactly what has led to the worst year for stock markets since the end of the global financial crisis.
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OpinionThe unseen funding target
In the acclaimed novel, The City and The City, by China Miéville, residents of Besźel and Ul Qoma spend their lives “unseeing” half of the city around them. They avoid walking into people and cars that they consciously don’t see, but in their mind half of the city does not exist.
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FeaturesDiageo offers PIE and writes to members after rise in DB transfers
The Diageo Pension Scheme is offering a pension increase exchange exercise to defined benefit pensioners, and has outlined plans to write to deferred and active members explaining transfer options, following a spike in members cashing out.
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OpinionRefinancing pension debt – an underutilised option?
In a market crying out for high-quality corporate debt it is surprising that more corporates are not seizing the opportunity to refinance pension debt with more conventional financial debt.
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OpinionPPF remains well-equipped to meet DB financial challenges
This month we unveiled the thirteenth edition of the Purple Book, in what has been another fascinating year for defined benefit pensions.
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News
Reuters Pension Fund completes £625m pensioner buy-in
The trustee of the Reuters Pension Fund and Thomson Reuters have completed a £625m full pensioner buy-in for the scheme, in the biggest annuity transaction yet for insurer Canada Life.
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OpinionTop tips for a successful approach to the bulk annuity market
From the blog: 2018 is set to be a record breaking year in the bulk annuity risk transfer market.
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NewsRentokil announces £1.5bn buyout with PIC
Business services group Rentokil Initial has passed its £1.5bn of defined benefit liabilities to the Pension Insurance Corporation in a full buyout, adding to a record-breaking year for bulk annuity transactions.
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News
600 Group completes buy-in ahead of scheme wind-up
UK engineering company 600 Group has derisked its 2,800-member defined benefit pension scheme with a $270m (£210m) buy-in policy from the Pension Insurance Corporation before moving to full buyout next year.
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News
DB health improves but covenant strength ignored
Defined benefit pension schemes are not paying enough attention to the likelihood of their employer going bust when setting investment strategy, according to a new study assessing funding levels in the context of sponsor health.
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Features
Trustees pour cold water on wild consolidator claims
The Edi Truell-backed Pension SuperFund has been no stranger to controversy in its short lifespan.
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NewsCNPP micro section well poised for scheme buyout
The GPS EnergySolutions section of the Combined Nuclear Pension Plan is set to wind up, following months of buyout preparation with the trustees and employer.
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OpinionRegulation must adapt to protect members in consolidation deals
Consolidation of defined benefit pension schemes to drive efficiencies is not a new concept, but what now dangles before us is the concept of pension consolidation vehicles offering existing sponsoring employers a clean break option within the non-insurance space.
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Opinion
DC Debate Q3: Getting the right amount of risk in defaults
In the first instalment of this quarter's DC Debate, five experts dive into the appropriate amounts of risk and diversification for defined contribution members at various points in their savings journey.
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Features
Bulk annuities: How should schemes approach the market?
Analysis: 2018 has been a very busy year so far for buy-ins and buyouts, with plenty of competition and attractive insurer pricing.