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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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UK roundup: Marks & Spencer, PPF, L&G
Return-seeking assets help Marks & Spencer replace DB deficit with £204m surplus
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UK roundup: Mercer, FTSE 350, Marks & Spencer
Mercer sees listed company deficits at highest level ever
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Marks & Spencer seals £1.4bn buy-in deals with Aviva, Phoenix Life
Simultaneous buy-ins include Aviva’s biggest de-risking transaction and Phoenix’s first external deal
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UK roundup: Marks & Spencer, Interserve, LPEQ
UK – Retailer Marks & Spencer agrees new funding proposal after DB deficit falls.
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UK roundup: Marks & Spencer, J Sainsbury, BT Group
UK – Marks & Spencer and J Sainsbury have announced agreements to help cut the deficit in defined benefit pension schemes through property partnerships. Elsewhere, BT has reported an increase in its pension deficit on an accounting basis.
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Pensions key in E13.5bn bid for Marks & Spencer
UK – Pensions are at the top of a list of information sought by retail tycoon Philip Green as part of his nine billion-pound (13.5 billion-euro) takeover bid for Marks & Spencer.
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UK roundup: M&S, Hymans, L&G, Avon, Record Currency Management
Marks & Spencer launches master trust to replace existing DC scheme in run-up to auto-enrolment.
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LAPFF fails to pass M&S resolution
[17:20 CEST 09-07] UK – A shareholder resolution put forward by the Local Authority Pension Fund Forum (LAPFF) calling for an independent chair of the board of Marks & Spencer (M&S) was backed by just 38% of shareholders.
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M&S reports £152.2m IAS19 deficit
[16:55 CEST 19-05] UK – Marks & Spencer has revealed the value of its defined benefit (DB) pension scheme dropped by over £1bn to £3.98bn (€4.52bn) over the last year.