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...
After the mini-crisis of the Truss era, the dust appears to be settling for the DB pension sector as gilt yields moderate. Yet questions remain for the regulator, trustees and investment consultants...
More than 1,000 members of the British Steel Pension Scheme (BSPS) will receive compensation of £49m after being mis-advised to transfer out of the defined benefit scheme. The Financial Conduct Authority confirmed...
Hymans Robertson has launched a new guide for DB sponsors, designed to stop them ‘sleep-walking’ into a scheme buy out. The interactive guide aims to help corporates understand more about the endgame...
Standard Life has appointed DB pension administrator Equiniti to help its grow its bulk purchase annuity (BPA) business. Equiniti will provide full administration of both buy-in and buy-out BPA policies, designed to...
Cardano Advisory has launched new artificial intelligence technology that should help change the way covenant assessments are provided to smaller pension schemes. The technology, called Discover, utilises Cardano’s database of historical covenant...
The aggregate surplus of defined benefit schemes in the Pension Protection Fund increased in October, despite the widespread volatility in bond and gilt markets. In total the surplus of the 5,215 schemes...
Hymans Robertson has appointed Patrick Bloomfield to the role of senior actuary. Bloomfield, a former ACA chairman, has been at Hymans Robertson since 2004, becoming a partner two years later. He has...
