DB

FTSE 350 DB pension schemes are now beating pre-Covid expectations, with the rebound in financial markets reducing the average time to buyout to around 7 years and 5 months Figures from Barnett...

Aviva has compled a £64m bulk annuity deal with the Givaudan UK pension plan.  Givaudan is a multinational manufacturer based in Switzerland that develops fragrances and tastes for the cosmetic and food...

Treasury officials are looking at changes to pension allowances and tax reliefs in November Budget as a means of raising funds to help pay the Covid bill. According to reports in the...

There has been a 22 per cent increase in NHS staff opting out of the pension scheme over the past year, according to data from Quilter.  It says the numbers opting out...

Margaret Ferrier, an independent MP, is sponsoring a private member’s Bill that aims to amend and clarify existing GMP conversion legislation. Ferrier, MP for Rutherglen and Hamilton West says her motivation for...

Phoenix Group has become the first UK insurer to join the Partnership for Carbon Accounting Financials (PCAF),  a global partnership of financial institutions developing a harmonised approach to assessing and disclosing greenhouse...

The Pension Regulator has taken action to improve the funding of healthcare company Sanofi’s defined benefit pension scheme.  The French-based multinational company, which has been involved in Covid vaccine trails, was warned...

Aegon has launched a financial wellbeing tool for employers to help employees understand the role mindset and money play in their financial wellbeing. The tool challenges users to consider key psychological factors that...

TPT Retirement Solutions, the workplace pensions provider with £13bn of assets, has set itself a 2050 net-zero target and has signed up to the Paris Aligned Investment Initiative. The Paris Aligned Investment...

Trustees of pension schemes with assets over £5bn will have to meet new governance requirements from 1 October 2021, with Task force on Climate-related Financial Disclosures (TCFD) reporting required within seven months thereafter....