TPR opens consultation for multi-employer CDC pension schemes
Nausicaa Delfas said: “It’s important that new models provide security and value, and we welcome views on our consultation to make sure that balance is right.”
Canada Life secures £189m buy-in for pension scheme in healthcare sector
The deal secures benefits for over 1,100 deferred members and over 600 pensioners.
L&G Flow solution passes £1bn mark in smaller pension scheme deals
Transactions this year ranged from £2m to more than £80m, showing Flow’s ability to support a wide range of pension schemes.
PIC completes £230m full buy-in for Peel Ports Final Salary Pension Scheme
The deal secures the pensions of around 2,000 members from Peel Ports Group companies.
Most private DB pension schemes now closed as market shrinks by 3% – TPR
There were 200 public sector schemes with 19,784,000 members and 5,060 private sector schemes with 9,174,000 members.
Aviva launches flexible solution for DB surplus transfers to DC schemes
The solution is available to both new and existing clients with DB schemes in surplus.
Canada Life completes £330m pensions buy-in with Comet Pension Scheme
The deal secures the benefits of 4,500 pension scheme members.
Aberdeen Group to take over Stagecoach Group Pension Scheme
The scheme’s strong surplus will allow Aberdeen to manage the funding and £1.2bn of assets, with responsibility for the scheme’s future.
Number of DB pension schemes falls as funding stays strong – PPF
The number of PPF-eligible schemes fell from 4,974 to 4,840, with membership dropping from 8.8 million to 8.6 million.
Royal London completes BPA transaction between mutuals
The deal, worth around £55m with the trustees of the Steamship Insurance Management Services Limited Pension and Assurance Scheme. covers more than 350 members.
M&G completes £265m BPA with CF Fertilisers’ Pension Schemes
The deal covers the pension benefits of over 1,350 retirees and deferred members.
Fifth of DB pension schemes report no barriers to endgame planning – Standard Life
Among 100 trustees managing schemes with assets of £100m or more, a third (33%) said market volatility was their biggest challenge.
