All LCP articles – Page 9
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NewsUK consultants flag up divergent IAS19 practice over inflation, mortality assumptions
‘The big issue to watch for is whether companies reduce the assumed gap between RPI and CPI for this year end’
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ASR adds variable pension to its DC offer
Insurer to use three-year return average to smooth benefits drawdown plan
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Inflation measure changes could shift pension funding by up to 10%
Consultancy says prospective new measure could be 1% a year less than current RPI
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PLSA devises 3-level retirement living standards to engage savers
Industry group wants schemes representing 90% of active savers to adopt standards by 2025
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NewsReport calls for more schemes to promote partial transfer option
Greater access to partial transfers could be in the interest of members, financial advisers and schemes, according to Royal London and LCP
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Tate & Lyle agrees £930m buy-in with L&G
The food and beverage company has now insured its entire £1.2bn pension scheme with Legal & General, covering 6,700 members
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NewsLCP questions high performance fees paid by ailing Dutch schemes
ABP and PFZW paid out €1.4bn in performance fees over five years – but could still cut pension payments
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NewsDe-risking deals totalled £17.6bn in H1: LCP
Legal & General and Pension Insurance Corporation dominated the market for buy-ins and buyouts in the first six months of 2019, and the total for the full year is set to be a record
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NewsActive global equity fees have dropped 11% since 2017: LCP
Investors now pay more for credit and liability-driven investment managers than for equity managers, consultancy’s fee survey reports
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Tobacco giant seals £3.4bn pension de-risking deal with PIC
Transaction accounts for the bulk of British American Tobacco’s UK DB pension fund, and is Pension Insurance Corporation’s biggest deal to date
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UK regulator seeks to stem flow of exits from DB schemes
Financial Conduct Authority says too much financial advice related to transfers is ‘still not of an acceptable standard’
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NewsStudy highlights imbalance between dividends and pension payments
LCP found that FTSE 100 companies paid £90bn to shareholders and just £13bn to pension funds in 2018
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Marks & Spencer strikes fresh buy-ins worth £1.4bn with PIC, Phoenix
The UK high street chain has now insured ‘approximately two thirds’ of its pensioner liabilities to reduce exposure to longevity changes and other risks
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LCP: Dutch schemes lost 1.2% on average in 2018
Results contrast sharply with 5.7% average result from 2017
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Scottish Widows insures £830m of liabilities in two bulk annuity deals [updated]
Also: KPMG targets small DB schemes with collective pension risk transfer process
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Commerzbank UK scheme insures DB and DC sections for £1.2bn
Also: Rothesay Life backs £110m buyout of electronics company pension plan
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UK pensions watchdog to clamp down on ‘excessive’ dividends
Companies must prioritise pension funding when finances come under pressure, TPR says
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UK publishing company agrees £500m buy-in with L&G
Deal brings total liabilities insured to £1.7bn following transactions in 2017
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NewsIrish auto-enrolment on track for 2022, says minister
More than 100 organisations have responded to government consultation on new system’s structure
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NewsPeople moves: New chair at €10.5bn Dutch fund; senior ESG hires [updated]
SPH, SVVK-ASIR, SASB, LCP, DNB, Schroders, Wells Fargo, EB-SIM, AXA IM, Willis Towers Watson, Aviva Investors
