New DB regulations will force employers into a ‘one-size-fits-all-straightjackets’, which could leave some sponsors facing insolvency, according to consultants LCP. It says introducing a cut-off date for schemes to reach funding targets...
Standard Life has completed a £1bn bulk purchase annuity transaction, covering 13,000 members of the WH Smith pension trust. This sizeable transaction was completed in August and secures the benefits of members...
The Net Zero Investment Consultants Initiative’s (NZICI) core objective is for its member organisations to align their advisory services and operations with a 1.5 degrees emissions trajectory, as per the Paris Agreement....
The Department for Work and Pensions (DWP) has today started a fresh consultation on steps to strengthen protections for participants in defined benefit (DB) pension plans. Under the new proposals, all schemes...
Last year saw a 70 per cent increase in profit warnings from companies with defined benefit pension schemes, according to new figures from accountants EY-Parthenon. This latest analysis shows that there were...
Defined Benefit transfer values have continued their sharp fall during June, according to XPS Pension Group. According to XPS Pension Group’s Transfer Value Index the average at month's end was £203,000, the...
Defined benefit funding levels haven’t looked so healthy for years, buoyed by the recent sharp rise in interest rates. While this presents an opportunity to progress the journey towards a “low risk”...
The majority of UK pension schemes have made a net-zero commitment, or plan to do so soon, according to the latest Aon survey. Its ‘2022 Global Perspectives on Responsible Investing’ survey shows...
The De La Rue pension scheme has completed a £320m buy-in with Scottish Widows, covering the liabilities of around 1,400 pensioner members. Hymans Robertson was the lead transaction adviser, with legal advice...
The financial position of the UK’s DB schemes continued to improve this month, with schemes eligible for the Pension Protection Fund reporting an aggregate fund surplus of £261.6bn at the end of...
