More than six out of 10 DB schemes who have agreed surplus sharing arrangements will make a distribution solely to the sponsoring employer, according to new research from Aon. Its latest survey...
Hymans Robertson has appointed Sarah McIvor as a principal and senior post transaction specialist within its DB wind-up team. McIvor joins from Scottish Widows where she held a number of senior roles,...
The Government must introduce safeguards to protect trustee independence as it gives well-funded DB pension schemes greater flexibility over surplus, according to the Independent Governance Group (IGG). IGG responded to the Government's...
L&G has promoted Rachel Cutts as to be head of origination and execution within its institutional retirement business. Cutts has been with L&G for nine years, most recently working as chief of staff to institutional...
The prudential corporate pension solutions division of M&G has entered into a strategic partnership with Kuperstein Kapital and Cedar Insurance. The move is intended to strengthen M&G’s value share bulk purchase annuity...
Leading pension bodies have welcomed the DWP’s draft regulations for unlocking surpluses from DB schemes. The consultation on these regulations closes today. The Society of Pension Professionals (SPP) said the rules as...
Standard Life has expanded its risk transfer business, through a new partnership with CVC, Prudential Financial, Goldman Sachs and MS&AD. This partnership will be funded with a combined capital commitment of up...
A significant proportion of defined benefit pension schemes have yet to set their long-term funding targets, according to findings from Barnett Waddingham, part of Howden. The research surveyed 50 professional trustees of...
The Pension Insurance Corporation has concluded an £83m full buy-in with The Royal Society of Chemistry Pension Scheme, securing the benefits of all 468 scheme members. Consultancy Lane Clark & Peacock were...
Railpen, which manages the railways pension schemes, has appointed two new trustee directors. Martin Hunter and John McBridge will take up this role for the £36bn railways pension schemes, which is governed...
