Specialist insurer, Pension Insurance Corporation (PIC) has launched a new streamlined service for smaller DB schemes looking to complete a buyout. The service, called Mosaic, offers price monitoring as well as standard...
The value and number of buy-in and buy-out transactions on DB schemes reached new record levels in 2023, topping almost £50bn according to new data from Hymans Robertston. Figures for the second...
The Association of Professional Pension Trustees (APPT) has slammed the regulator’s plan to introduce a statement of strategy (SoS) criticising its “onerous data requirements” which it says are unlikely to benefit members. ...
Aviva is launching a streamlined bulk purchase annuity (BPA) service to target market access for smaller schemes, typically with assets of less than £100m. Called Aviva Clarity, the service offers a process...
The funding of DB schemes continues to improve, with the aggregate surplus of the 5,050 schemes in the PPF 7800 index rising in March. In total this surplus stood at £455.5bn at...
XPS Pensions Group has expressed concerns about Government’s plans to use the Pension Protection Fund (PPF) to act as a public consolidator for DB schemes. The pensions consultancy said it found proposals...
Pension administrators Cartwright has expanded its team with the appointment of Gertrude Sheta to the new role of GMPe project specialist. Cartwright specialises in DB and hybrid schemes and said this appointment...
DB transfer activity fell to the lowest level for over six years, with the number of transfers in February halving compared to the year before. Latest data from XPS’s Transfer Activity Index...
Four out of 10 larger DB schemes are looking for a full buyout within three years, according to new research. The survey found the overwhelming majority of larger DB schemes were now...
Half of DB pensions schemes expect to move to the corporate sole trustee model by 2028, according to research amongst finance directors and CFOs of schemes by Hymans Robertson. More than a...
