More defined benefit news – Page 8
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NewsFall in deficit repair payments 'marks boost for DB sponsors'
The quarterly total of deficit reduction contributions into defined benefit schemes fell below £1bn in the second quarter of 2024, for the first time in several years.
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NewsRegulator clarifies superfund guidance ahead of expected market growth
TPR has sought to clarify its expectations and address misconceptions around superfund transactions ahead of the Pension Schemes Bill and potential new entrant to the sector.
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NewsWater company insures pension scheme with Just for £120m
South East Water has secured “complex” benefit structures through a buy-in with Just Group, completed in December 2024.
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NewsUse dashboards preparation to cut admin costs, charities urged
Spence & Partners reports that charity DB schemes are approaching full funding – but costs are rising, meaning more efficiencies are needed.
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NewsGMP communication failing costs Volkswagen scheme £500
The Ombudsman awarded a member of the Volkswagen Group Pension Scheme £500 in compensation for failing to keep them updated on GMP equalisation.
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NewsBuilding society locks down member benefits with £105m buy-in
Rothesay has insured all 705 scheme members of the Skipton Building Society (2015) Group Pension Scheme through a buy-in completed in January.
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NewsDB pension schemes enter Q2 with strong funding position
Private sector pension schemes were in a strong position ahead of the market volatility caused by US trade tariffs, according to the PPF 7800 Index.
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NewsClara Pensions plots private markets push with new investment vehicle
Defined benefit consolidator Clara Pensions intends to invest up to 35% of its assets into private markets.
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NewsThink tank calls for full PPF underpin to boost surplus release case
The Social Market Foundation has set out recommendations for the government to make releasing surplus assets from DB pension schemes more attractive and secure.
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NewsJust Group secures £12m buy-in with Englass pension scheme
The transaction made use of Aon’s process designed for small pension scheme de-risking deals.
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NewsLloyds ringfences £5.1bn with two longevity swaps
The deals cover liabilities for two schemes sponsored by Lloyds Banking Group and follow previous transactions in 2020 and 2022.
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NewsBT Pension Scheme agrees longevity swaps worth £10bn
The UK’s largest corporate defined benefit (DB) pension scheme has struck two longevity reinsurance deals worth a combined £10bn.
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NewsMining giant Anglo American seals triple buy-in with L&G
L&G has completed £1.2bn worth of bulk annuity deals so far this year and is “actively pricing” on other deals worth a combined £17bn.
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NewsUSS overhauls responsible investment approach
The pension scheme’s revitalised multi-pronged sustainability strategy is partly dependent on government policy coordination.
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NewsChurch of Scotland completes £75m buy-in with Just Group
The transaction, which completed in December 2024, insures the benefits of around 2,350 members and dependants in three sections across two pension schemes.
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NewsHow TPR helped secure funding boost for newspaper scheme
A pension scheme sponsored by Reach - and previously involved in the Robert Maxwell fraud - has settled a funding dispute following an intervention by the Pensions Regulator.
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NewsBulk annuities latest: Canada Life secures landmark £361m buy-in
Canada Life has completed one of its biggest bulk annuity deals, a £361m buy-in with an unnamed pension scheme.
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NewsSimplify actuarial advice rules, argues SPP
Proposed new rules for actuarial advice should be revised to reduce unnecessary communication and complexity, according to the Society of Pension Professionals.
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NewsBrookfield gets green light from UK regulators to enter bulk annuity market
Plus: Utmost strikes investment partnership with Schroders; Just insures careers charity pension scheme for £2.8m.
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NewsWhat a new mortality model means for your pension scheme
New mortality data and calculations being introduced later this year could increase liabilities for some DB schemes – but others could see theirs fall further.