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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NewsIBM winds up Austrian pension fund after shifting liabilities to VBV
Transfer of defined benefit liabilities to VBV triggers closure of Austrian corporate pension fund, underscoring consolidation trend
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NewsUniversity of Bristol pension fund appoints fiduciary manager
The £220m mandate was awarded to Van Lanschot Kempen
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NewsUK pension fund completes £105m buy-in deal with Canada Life
The transaction secures the future benefits of over 350 deferred members and more than 1,450 pensioners
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NewsRegulator forecasts buyout surpluses could exceed £120bn in next decade
The UK government announced plans to amend the existing framework for surplus extraction from DB schemes in May 2025
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NewsChurch of England Pension Board explores collective defined contribution arrangement
The board previously expressed interest in launching a multi-employer CDC scheme back in 2024
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NewsBuyout increasingly perceived as less attractive for large defined benefit schemes
Strong funding and control drive large UK DB pension fund to rethink buyout as the default endgame, says Brightwell
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NewsQinetiq pension fund awards £1.3bn fiduciary mandate to Insight
As part of the contract, Insight has responsibility for advising the trustee on investment strategy in addition to day-to-day oversight and management of the fund’s assets
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NewsRising geopolitical risk tests UK DB sponsor covenant resilience
Policy turbulence behind 42% of UK DB sponsor profit warnings in 2025, according to EY-Parthenon
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AnalysisIPE Netherlands Briefing: Dutch resistance to benchmarking
Plus: Sustainability: funds push ahead despite backlash; Pension risk transfer and the insurance market
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NewsUK lifeboat fund confirms zero levy for second year
The Pension Protection Fund, however, confirmed it will maintain a ‘proportionate’ alternative covenant pension fund levy next year
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NewsUK populist party plan to end defined benefit fund for staff sparks industry alarm
Reform UK party wants to create a £500bn British sovereign wealth fund that would boost economic growth, and close LGPS funds to new members
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NewsUK publisher completes £270m buy-in with M&G for Trinity pension fund
The second, and final, buy-in secures the benefits of 3,200 members of the Trinity Retirement Benefit Scheme
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NewsDelta Lloyd pension fund agrees buyout with Zwitserleven
The closed €3bn pension scheme has secured 100% annual pension indexation for all its members
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NewsASR reinsures €1.3bn pension buyout with Pacific Life Re
The Dutch insurer said last summer it was looking to reinsure pension buyouts to free up capital
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NewsIBM IT Solutions pension fund completes £700m buy-in with Standard Life
The transaction covers more than 3,600 members of the plan
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NewsSopra Steria retirement fund signs £113m buy-in with PIC
The buy-in deal secures benefits of all 355 members of the Steria Management Plan section of the Sopra Retirement Benefits Scheme
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NewsPension fund for UK manufacturing company strikes £180m buy-in with M&G
Bulk purchase annuity secures pension benefits for over 3,000 members of FTSE 250 company
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AnalysisDutch pension funds defy hedge crunch fears in first DC transition wave
Interest rate hedge unwind passes smoothly as first wave of DC conversions avoids market disruption
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NewsAvon Cosmetics Pension Plan completes £235m transaction with M&G
The transaction secures pension benefits of over 3,000 members of the pension fund
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NewsKLM and Vistry pension funds secure member benefits with buy-in deals
KLM and Vistry have secured their member benefits with Rothesay and PIC, respectively
