Standard Life has promoted Jeetesh Patel to be its new head of reinsurance and structuring within its retirement solutions business. This appointed follows follows the recent promotion of Kunal Sood to managing...
The new defined benefit funding code could land employers with a bill of £34bn, according to the regulator's own estimates. Pension consultants LCP points out that these “official figures” are contained in...
This year could be the biggest year on record for defined benefit (DB) pensions derisking, with at least £40bn in bulk annuity transactions and £20bn in longevity hedges expected to be completed,...
Member outcomes, master trust consolidation and sustainable investment strategies will continue to be a key focus for the DC sector in the year ahead according to Hymans Robertson. The pension consultancy firm...
In November last year, amid great uncertainty regarding the pandemic, in the pensions industry a small but significant announcement was made by the Pensions Regulator (TPR). Clara Pensions, the UK’s first commercial consolidator...
There has been a significant fall in DB transfer activity, with the number of people seeking transfer quotations falling to a seven-year low. Analysis by pension consultants LCP shows transfer quotations are...
Almost nine out of 10 companies with DB pensions have now reviewed their benefit offering, with a significant number opting to restrict access to these schemes — according to Aon’s latest survey....
The industry has responded to the draft funding code of practice for defined benefit (DB) pension schemes released today by The Pensions Regulator (TPR) along with a consultation paper. The consultation will...
Defined benefit schemes need to consider accounting implications when looking at buy-ins and bulk annuity purchases. The warning comes from Hymans Robertson which says that it expects further growth in this market...
Nearly one in three large employers have experienced difficulties recruiting staff with specialist pensions management skills and relevant expertise to run their internal pension schemes. The survey, by Ross Trustees found that...
