All LCP articles – Page 2
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NewsBulk purchase annuity transactions hit record number in 2024
298 bulk purchase annuity transactions were completed in 2024, an increase from 227 in 2023
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NewsUK government confirms multi-employer CDC regulation for autumn
Pensions minister says several organisations are actively looking to set up multi-employer CDC schemes
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NewsProfessional trustees gain influence within UK pension industry, reports say
Many trustees still feel ‘that their voice is not being heard in the corridors of power’, says LCP
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NewsTPR ‘right’ to hold professional trustees to account as it extends regulatory oversight
The UK regulator’s market oversight team will establish ongoing supervisory relationships with professional trustee firms
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NewsPeople moves: Schroders Capital Solutions picks CIO
Plus: Danica replaces chief financial officer, LCP adds to actuarial and risk transfer team
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NewsMore guidance needed for UK councils reducing pension contributions
Kensington and Chelsea Pension Fund’s investment committee have voted for council pension contributions to be cut to zero
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NewsMajority of trustees support UK surplus extraction plans
FTSE100 companies have £50bn in surplus on low-dependency level, according to LCP
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NewsMomentum expected to continue for smaller schemes in BPA market
2024 saw new entrants Royal London and Utmost complete their first deals below £100m
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NewsTPR figures suggest government looks to extract surplus on low-dependency level
The government is looking to allow schemes more flexibility to enable surplus from DB schemes to be returned to employers
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NewsMandating minimum size for DC schemes won’t push for UK investment
Consolidating DC schemes will take a long time, cause massive cost and disruption and may still fail to deliver government’s objectives, says LCP
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Opinion PiecesViewpoint: How a DB ‘surplus code’ could support economic growth
David Wrigley, partner at LCP, says supporting the appropriate release of surpluses could provide a shot in the arm to the UK economy
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NewsUK welcomes Torsten Bell as new pensions minister
Emma Reynolds is appointed economic secretary to the Treasury in a cabinet reshuffle
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NewsUK regulator urged to support switch to DB surplus focus for growth drive
TPR and other economic regulators have been called in to Downing Street on Thursday to explain how they will support the government’s growth agenda
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NewsLCP predicts new DB superfund and insurer PRT entrant in 2025
Consultancy expects 2025 to be another bumper year with £40-50bn of buy-ins
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NewsUK government puts second phase of pensions review on hold
The second phase of landmark pensions review was expected to launch before the end of the year
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NewsConsolidating DC schemes into megafunds could lead to unintended consequences
UK government proposes consolidation of DC schemes into £25bn megafunds
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AnalysisUK’s productive agenda overlooks life insurers holding £310bn of pension assets
UK life insurers could potentially invest up to £100-£200bn in productive investments over the next 10 years
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NewsUK government launches consultation on multi-employer CDC schemes
The consultation follows the launch of Royal Mail CDC scheme; Church of England Pensions Board expresses interest
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NewsThomas Miller & Co complete £140m buy-in with Aviva
The transaction secures the benefits of all members in the scheme
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NewsMore than half of professional trustee appointments are now sole trustees
LCP saw a 30% increase in the number of sole trustee appointments over the last year
