Six out of 10 DB schemes in surplus: TPR
More than six in 10 defined benefit schemes are now in surplus according to the latest data from The Pensions Regulator (TPR). Its annual review of schemes valuations shows that this is...
DB
Standard Life appoints new business development director to drive growth in DB sector
Standard Life has appointed Claire Altman to the newly established position of business development & origination director. In this role she will look to drive growth across the defined benefit and individual...
Drop in number of DB schemes offering discretionary pension uplifts
There has been a marked slowdown in the number of DB schemes awarding discretionary pension increases according to a survey by Aon. In a survey of over 200 schemes the firm found...
PIC completes £4.3bn buy-in with Rolls-Royce
Pension Insurance Corporation (PIC) has completed a £4.3bn buy-in with the Rolls-Royce UK DB pension fund. This transactions covers the pensions of 36,000 people, which includes 15,000 pensioners and 21,000 deferred members....
Standard Life completes £1.9bn bulk purchase annuity for Marsh McLennan pension
Standard Life has completed a £1.9bn bulk purchase annuity transaction with the Sedgwick section of the MMC UK pension fund. Sedgwick Group was acquired by Marsh McLennan, the sponsoring employer in 1998. Mercer,...
Funding continues to improve for fully and 50pc hedged schemes: Broadstone
The Broadstone Sirius Index shows improved funding across both the fully hedged and 50 per cent hedged DB pension scheme amid positive returns from growth assets for July. The fully hedged scheme...
Isio launches new DB strategy modelling service
Isio has launched a new service for trustees and sponsors of defined benefit (DB) pension schemes to support decision-making on long-term strategy. Isio says the service responds to a growing need for...
Schroders, Isio and Entrust pass £500m milestone on DB consolidation platform
Schroders now manages more than £500m in assets across 10 defined benefit schemes through Enplan, the consolidation platform developed by Entrust and Isio. The milestone comes 18 months after Schroders joined as...
DB transfer values increase for first time in 2025
The value of DB transfers have increased for the first time this year according to data from XPS Group. Its transfer value index increased to a month-end value of £141,000 on June,...
Jos Vermeulen: Hedging longevity risks
We are in a new era for defined benefit schemes, with many experiencing substantial surpluses that could offer a significant financial boost to corporate sponsors. The government is enabling schemes to release...
