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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NewsSwiss supervisor puts pension fund under WTW administration
Tellco said the move was necessary due to ongoing disputes between members of the board of trustees
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Opinion PiecesViewpoint: Efforts to raise trustee standards must preserve what works
Morten Nilsson of Brightwell Pensions on avoiding the onerous requirements that could further shrink the pool of lay trustees
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AnalysisL&G dominates UK pension risk transfer market with 27% share
The UK PRT market has reached a record-breaking 367 buy-ins totalling £38.2bn in 2025
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NewsDAX firms push fully funded pensions despite regulatory complexity
German corporates increasingly fund pension liabilities fully, strengthening governance, reducing risk, and supporting profitability amid regulation
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NewsEssentra pension plan completes £104m buy-in deal with Aviva
The transaction, which secures benefits of both deferred and pensioner members, is the second deal between Aviva and the plan’s trustees
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NewsPanasonic pension plan completes bulk purchase annuity transaction with M&G
The £140m transaction is M&G’s first to use LCP’s streamlined buy-in service
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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
