The most important outcomes of a pension buyout are often felt long after the transaction has completed. For many years, the central question for trustees was whether buyout was achievable at all....
Aon has launched ‘Run-On Futures’, a service designed to make a run-on strategy both realistic and cost-efficient for the UK’s smaller defined benefit pension schemes. The service looks to combine scheme actuary,...
The Financial Conduct Authority has banned financial adviser Daniel Thomas from working in the industry, and imposed on £742,000 fine for poor pension transfer advice. Thomas was a director and adviser at...
More than half of pension schemes are now fully funded on a buy-out basis, according to Aon’s latest In-Depth Pension Scheme Funding analysis. The analysis found that 74 per cent of schemes...
Cartwright Pension Trusts has appointed Andrew Hunter to be a project management specialist within its strategic delivery team. The firm, which specialises in DB and hybrid schemes, says this expansion is due...
The Government's consultation on DB surplus flexibility reflects the improved funding position of many defined benefit schemes and raises questions about how they can use surplus. As the consultation ends, Broadstone says...
There are some “significant practical issues to resolve”, particularly around payments to younger members in the case of defined benefit surplus, according to a response by pensions focused law firm Sacker &...
DB schemes could struggle to take advantage of the government's new surplus flexibilities unless trustees address shortcomings in member data, administration and technology, according to Lumera. The insurtech firm said high-quality data...
New rules around DB surplus sharing risk undermining the government plans to boost investment into the UK economy, according to the Association of Consulting Actuaries (ACA). These comments come in its response...
Ahead of the UK government’s September 2 deadline for responses to its consultation on implementing the new defined benefit surplus regime, consultancy firm XPS has called for regulatory safeguards to give trustees...
