Defined benefit
In-depth reporting on defined benefit (DB) pensions for our pension fund and asset management readers from IPE’s award-winning journalists
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NewsOxford pension fund completes £213m bulk annuity transaction
The transaction, which was conducted by Roayl London and finalised in December, covers more than 1,600 members
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NewsUK Pension Schemes Bill surplus rules favour employers over members, peers warn
During proceedings, peers questioned both language and content of Clause 9, arguing the Bill fails to define what constitutes a surplus
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NewsSiemens Healthineers UK pension fund secures £213m buy-in with PIC
The transaction secures the benefits of 967 deferred members and dependants.
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NewsDutch frontrunner pension funds award increases below inflation
The five Dutch pension funds that converted DB accruals to DC in the first half of 2025 will increase pensions between 0.6% and 2.7% this year
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NewsUK engineering pension fund in £155m buy-in deal with PIC
The transaction covers the benefits of 1,581 scheme members
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NewsVisma Idella quits Dutch pension admin
Arno IJmker of consultancy firm Eraneos says Visma Idella’s timing for decision to wind down its pension administration business is a ‘strange move’
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Analysis8 million Dutch to see DB pensions converted to DC on 1 January 2026
The 23 pension funds to do so include €248bn healthcare scheme PFZW and PMT, the €86bn sector fund for the metals processing industry
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NewsSkanska and Peel Ports pension funds secure member benefits with buy-in deals
The separate transactions cover the pension liabilities of 5,500 and 2,000 members, respectively
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NewsLufthansa plans buyout take-off abroad to ease balance sheet turbulence
Airliner plans overseas DB pension buyouts to cut balance sheet risk, with Germany firmly off limits
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NewsUK government consults on raising trustee standards
DWP’s consultation puts forward proposals to increase knowledge and understanding requirements for trustees, and to improve trust board diversity
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NewsAviva launches solution for DB surplus transfers to DC funds
Surplus transfers could become a realistic option for some pension funds earlier than expected, Aviva says
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NewsComet Pension Scheme in £330m buy-in with Canada Life
The transaction secures the benefits of 4,500 members of the fund
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NewsLloyds Banking Group pension funds strike three more longevity swaps
The transactions protect a further £4.8bn of liabilities
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NewsSmart Pension adds £650m to AUM with pension trust bulk transfer
Smart Pension targets £10bn in AUM in the first half of 2026
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NewsIPE Conference 2025: Europe, private markets and realism in ESG - key takeaways
The conference, held in Seville, highlighted sustainable investing pitfalls, private markets, and the case for European asset allocations
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NewsStagecoach transfers £1.2bn pension fund to Aberdeen
Aberdeen will receive a minority share of any surplus generated
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NewsGerman companies pressed to fast-track Pensionsfonds transfers before tax cuts
Mercer urges German companies to fast-track any planned expansion of direct pension promises or benefit upgrades
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NewsAustrian VBV surpasses €10bn with IBM pensions deal
VBV has absorbed more than €1bn in assets and around 30,000 members from Austrian company pension funds over the past two decades
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NewsCF Fertilisers UK completes £265m buy-in for two pension funds with M&G
Transaction provides pension solutions to over 1,350 retirees and deferred members
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Opinion PiecesEuropean Commission IORP proposals are too slanted to individual pensions
The European Commission’s IORP II reform proposal structurally reinforces individual pensions and is at odds with the successful social partner-led Rhineland model
