The BBC Pension Scheme has completed a longevity swap with Zurich, in the sixth largest transaction of its kind. Aon advised on the deal which sees Zurich, and reinsurer MetLife, cover £6bn...
Wealth at work has launched a new pension consolidation service for employees. The platform allows workers to consolidate previous DC pensions into a single flexible scheme, offering a range of investment options....
The UK’s fast-maturing defined benefit (DB) market has seen a decline in total fiduciary mandates assets remaining flat for the first time since 2008, according to research from Isio. Buy-ins more than...
Websites for financial services organisations such as the FCA and MoneyHelper were knocked offline on Tuesday following reported problems at US internet infrastructure provider Cloudflare. Cloudflare, a global content delivery network operating...
Aegon UK now has £1bn in its long-term asset funds (LTAFs), within its largest workplace default strategy. The pension provider has integrated three LTAFs into workplace default, the Universal Balanced Collection (UBC),...
The finances of the UK’s largest insurers should remain resilient in the event of severe market shocks, according to the Bank of England’s latest stress test. This life insurance stress test (LIST...
L&G has appointed Lesley-Ann Morgan to the newly created role of global head of DC. In this role, she will be responsible for leading L&G’s DC distribution team and for developing and...
The Society of Pension Professionals (SPP) says recent regulatory changes mean DB schemes should now reassess their long-term strategy on surplus use, regardless of whether they plan to release funds. In a...
Sweeping government reforms are set to change the face of the UK’s workplace retirement schemes. Out with the rigid DC default schemes, beholden to charge caps and expectations of daily liquidity, and...
Mattioli Woods has named Peter Mann, who currently serves as Non-Executive Chairman of Mattioli Woods, as CEO. Mann is an industry veteran and brings with him a wealth of experience in financial...
