Defined benefit – Page 2
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NewsUK pensions minister rules out further forced LGPS consolidation
Torsten Bell confirmed there are ‘no plans’ to enforce further consolidation among UK Local Government Pension Schemes
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NewsTPT Retirement Solutions enters superfund market with £1bn run-on model
£1bn of committed capital would be sufficient to fund several transactions
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NewsIntesa Sanpaolo pension fund trims sub-fund costs after merger
Synergies from the merger with Fondo Pensione Cariplo are expected to reduce costs indirectly charged to members
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NewsDutch pension funds continue to increase interest rate hedges
The increases in hedging ratios come as the moment pension funds will convert DB accruals to DC capital is edging closer
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Opinion PiecesThree years on from the LDI crisis, has the UK pension industry learned its lesson?
This issue of IPE goes to press almost exactly three years after the UK pension industry was thrown into disarray by what many remember as the ‘LDI crisis’. On 23 September 2022, then British chancellor Kwasi Kwarteng announced sweeping tax cuts that prompted a frenzied sell-off ...
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NewsBP Pension Fund completes £1.6bn buy-in with L&G
L&G provided the fund with a Gilt-based price lock using the fund’s Gilt holdings
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NewsSG Pension Fund completes £160m buy-in with Aviva
Portakabin, the pension fund’s sponsor, will see the transaction secure the benefits of more than 1,900 members
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NewsPPF scraps levy as UK Pension Schemes Bill progresses
The move saves defined benefit schemes and their sponsoring employers collectively £45m
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NewsFenwick pension schemes complete £113m buy-in deals with Aviva
The transactions secure all remaining benefits for members of the Fenwick Limited Superannuation Fund and the Fenwick Senior Executive Pension Fund
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NewsUltra Electronics Pension Scheme completes £250m buy-in with Just Group
The transaction secures the benefits of over 1,000 pensioners and dependants, as well as over 750 deferred members for the UK-based defence and security company
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NewsWTW targets German small and medium-sized pension funds for buyout deals
Current disruptions in industries are prompting companies to rethink their structures, with offloading pension liabilities as part of the process
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NewsSpecialty materials producer completes buy-in deal with Rothesay
The full scheme buy-in deal, worth £105m, protects the pensions of 1,341 members across two pension funds
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NewsBarnett Waddingham rolls out new service to help trustees track investment strategy
Lighthouse, the new service, is a smarter, more responsive way to monitor investments
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NewsHymans Robertson unveils service for defined benefit funds to strengthen governance
The new service aims to help companies develop thorough oversight of their pension funds
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NewsQuest UK Pension Scheme completes £134m buy-in with Aviva
The deal marks the second transaction between the plan sponsor, flavours and fragrances company Givaudan UK, and Aviva
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NewsClothing retailer pension scheme rescued following regulator’s intervention
Members are now expected to receive their full benefits under the pension plan as they fall due
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AnalysisIPE DACH Briefing: DC plans gain momentum in Germany
GEW, an education trade union, decided to join existing social partner models to DC pension plans for employees in private schools and universities
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NewsABB Plan completes £700m buy-in with Aviva
The transaction secures the benefits of more than 4,450 pensioner members and over 2,900 deferred members.
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NewsUK risk transfer market expects lower volumes but higher transaction numbers
While small transactions have been gaining momentum, there have also been a significant number of large transactions so far this year
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NewsLufthansa lands LDI strategy to €9.14bn portfolio as it builds on bonds allocation
Fixed income allocations rose to 49.7% at the end of 2024 from 37.6%, while equity allocations fell over the same period from 34.5% to 24.7%
