This year has proved to be a record one for the pension risk transfer market. It is forecast that pension de-risking deals will total £50bn in 2023 — the highest level on record...
Despite the improved funding positions, more than one in three (35 per cent) DB schemes have yet to finalise their endgame objective, according to the latest industry survey from Russell Investments. Its...
Just 4.2 per cent of listed UK shares are owned by pension and insurance funds— the lowest proportion on record according to new data from the Office of National Statistics. The proportion...
Aon has appointed Geoff Bauer to be a partner in its investment team. In his new role, Bauer will advise trustees and corporate sponsors of UK defined benefit plans with a focus...
The Financial Conduct Authority’s proposed ‘polluter pays’ regulations could lead to far fewer firms offering advice on on defined benefit transfers. Actuarial consultants OAC, part of the Broadstone Group, pointed out that...
Trustees looking for a future DB buyout need to prioritise data quality and administration with insurers now in a stronger financial position and looking to cherry pick the schemes that are most...
The government has issued the new Finance Bill which contains provisions to formally abolish the lifetime allowance (LTA) on pensions. The abolition of this LTA was initially included in last year’s Spring...
The transfer value a typical DB pension fell below £150,000 in October — the first time since last year’s mini budget that transfer values have dropped so low. On 19 October, XPS’s...
Aon has promoted Matthew Pinkney to lead its UK pensions data solutions team. Pinkney is an associate partner in Aon’s UK Retirement team, with 18 years’ experience at the company as a...
Legal & General has agreed a £4.8bn full buy-in for the Boots Pension Scheme in what is the UK’s biggest ever single transaction by premium size. The deal secures the benefits of...
