All News articles – Page 27
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NewsBulk annuities latest: PIC insures first scheme through Mosaic framework
Pension Insurance Corporation and Just Group have completed full buy-ins for small pension schemes, while Isio looks forward to 2025’s bulk annuity market.
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NewsAirways Pension Scheme insures £340m of longevity risk
The £5.2bn Airways Pension Scheme has completed a longevity reinsurance transaction with insurers MetLife and Zurich.
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NewsGovernment to review British Coal surplus arrangements
The trustees of the £8.6bn British Coal Staff Superannuation Scheme (BCSSS) are in discussions with government officials regarding the use of a £2.3bn reserve fund.
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NewsNOW Pensions to overhaul Sharia options in 2025
NOW Pensions is the latest master trust that is set to launch Sharia-compliant pension options including Islamic bonds to reduce risk for workers approaching retirement.
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NewsOutlook 2025: The pensions industry’s wishlist for the new year
Pensions Expert spoke to six major industry groups to find out what they want to see happen in 2025, from the Pensions Review and the Pension Schemes Bill to trustee powers and improvements to member outcomes.
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NewsNo compensation for WASPI women, says government
The government will not pay any compensation to women born in the 1950s and affected by the rise in the state pension age.
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NewsAdequacy stage of Pensions Review ‘delayed by Treasury’
The government has postponed the adequacy phase of its Pensions Review, according to reports, following significant recent increases to business costs.
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NewsRoyal London and Just Group announce buy-in deals
Royal London has announced its fifth transaction since entering the bulk annuity market earlier this year.
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NewsRaise contributions to diffuse pensions ‘timebomb’, government told
The government must prioritise raising the default minimum level of contributions to defined contribution pension schemes, according to retail investment firm Tillit.
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NewsPensions industry supports delay to PPF decision on 2025-26 levy
The Pension Protection Fund (PPF) has delayed the final decision on its 2025-26 industry levy until the end of January as it lobbies for the ability to reduce payments to zero.
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NewsWates Pension Fund transfers to consolidator Clara
Defined benefit (DB) pension scheme consolidator Clara-Pensions has completed its third transaction, taking on the £210m Wates Pension Fund.
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NewsRegulators urged to collaborate on ‘targeted support’ for DC savers
The Pensions and Lifetime Savings Association (PLSA) has called for trust-based defined contribution pension schemes to be included in proposals to allow “targeted support” for savers.
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NewsFCA proposes ‘targeted support’ for vulnerable pension savers
The Financial Conduct Authority (FCA) is considering giving pension providers the ability to provide “targeted support” to certain groups of people to help them make decisions about their retirement savings.
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NewsHow climate change will impact pension portfolios
Failure to transition to a low-carbon economy could cost pension schemes up to 30% in investment losses by 2050, according to new research.
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NewsBulk annuities latest: PIC insures Hays Pension Scheme for £370m
The transaction covers 853 pensioners and dependents, and 3,368 deferred members linked to Hays, a recruitment company. Hays injected approximately £13m to help finance the deal.
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NewsPerformance, liquidity concerns affecting investors’ private markets decisions
Almost 90% of institutions investing in private markets will not re-invest with their existing managers over the next 12 months, according to new research – with many citing poor performance.
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NewsSavers lack knowledge of retirement income needs, research shows
Nearly a third of people do not know how much they should save for their pensions, according to new research.
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NewsPPF reports £219bn total surplus across DB pension universe
The funding position of private sector defined benefit pension schemes continues to improve, according to the Pension Protection Fund’s (PPF) latest edition of the Purple Book.
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NewsBulk annuities latest: Rothesay insures Avimo Pension Scheme for £50m
Specialist insurer Rothesay has completed a £50m buy-in of the Avimo Pension Scheme, covering more than 600 scheme members.
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NewsTrustees join forces to help regulators improve ESG investment
A new industry body has been launched to give trustees a greater voice in the debate concerning sustainable investment and to help regulators build better, more meaningful regulations.