Just Group yearly results show profits fall 39pc
Underlying operating profit was down 39 per cent to £305m (2024: £504m) at Just Group, driven by lower new business margins on lower sales. Retirement income sales were also down 18 per...
DB
Aon advises on £9.5m transaction between Just Group and Kier Group pension scheme
Aon has advised the Mouchel Business Services Limited Pension Scheme (Money Purchase Section), sponsored by Kier Group Limited, on a transaction to secure all members’ benefits with Just Group, supported by the...
Railpen appoints chief people officer and chief risk officer
Railpen, manager of the £34bn railways pension scheme in the UK, has appointed Sian Myers as chief people officer and Helen Whelan as chief risk officer. Myers will be accountable for Railpen’s...
SPP warns of potential delays as schemes move to buy-out
Only around a third of pension schemes are expected to complete the transition from buy-in to buy-out within a three year period, according to research by the Society of Pension Professionals. This...
Industry concerns over Reform UK’s plans to turn LGPS into sovereign wealth fund
The pensions industry has slammed Reform UK’s plans to turn the Local Government Pension Scheme into a sovereign wealth fund. Reform UK deputy leader Richard Tice said he wants to use the...
Trustees urged to look at ESG risks in endgame solutions
Trustees are being urged not to overlook ESG considerations when looking at defined benefit endgame strategies. The advice comes from Isio’s head of sustainable investment Cadi Thomas, amid increasing choice for trustees...
Hymans Robertson appoints risk transfer team lead
Consultancy firm Hymans Robertson has named Tom Caron as operations lead for its risk transfer team. The move marks an internal promotion for Caron. He will now be responsible for operational responsibility...
Procentia launches actuarial valuation service in collaboration with Brightwell
Procentia, a provider of pension administration software and technology, has launched Intelli-ACT, an actuarial valuation system for defined benefit pension schemes and life insurers. Intelli-ACT was developed in partnership with Brightwell, the...
DB funding levels rise again ahead of rule changes on surplus release
Funding of DB schemes continued to improve in January, with surpluses now standing at £220bn, relative to long-term targets, according to the latest analysis from XPS. It says this figures is an...
DB surpluses increase by £5.9bn in January
The funding position of defined benefit schemes continued to strengthen in January, according to Broadstone. The latest PPF 7800 Index shows the estimated aggregate funding position of DB schemes surplus of the...
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