All Endgame articles
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NewsTPR data shows continued funding improvements as new regime looms
Data from the Pensions Regulator shows continued improvement in funding levels for defined benefit pension schemes, as trustees review endgame options amid an expanded menu of options.
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NewsEndgame latest: Trio of announcements from buy-in to wind-up
The latest updates on endgame activity span from Canada Life’s £52m buy-in to the full wind-up of a flavours and fragrances company’s defined benefit pension scheme.
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NewsXPS urges fiduciary manager reviews as more DB schemes consider run-on
Improved funding levels and changing DB endgames are altering what schemes need from their fiduciary managers, according to XPS Group.
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NewsClara-Pensions onboards £40m scheme through small transactions service
More than 400 members of the unnamed scheme will join the Clara Pension Trust, which aims to be a ‘bridge to buyout’ with an insurer.
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NewsWarning against ‘drift risk’ as half of schemes yet to set funding target
Trustees expect to reach their endgame objectives within about six to nine years, according to new research from Barnett Waddingham, but half have yet to set a formal funding target.
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NewsTrustees urged to clarify surplus ownership as corporates focus more on DB schemes
Stakeholders should discuss access to surplus ahead of new rules, Hymans Robertson says, as IGG research indicates corporates are spending more time discussing pensions now schemes are overfunded.
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ArticleSurplus release: Time to put plans and policies in place
The Department for Work and Pensions, HM Revenue & Customs, the Pensions Regulator and the Financial Reporting Council are all working together to construct the surplus release framework for defined benefit pension schemes.
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OpinionSPP: Managing pension scheme risk in an increasingly uncertain world
Jordan Irvine of the Society of Pension Professionals unpacks recent market movements and geopolitical activity to explore what it means for defined benefit pension schemes and their investment strategies.
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NewsEndgame delays could cost schemes millions in surplus, claims fiduciary manager
Van Lanschot Kempen argues that delaying decisions on endgame options could mean schemes miss out on potential investment returns that could in turn boost surplus release payments.
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NewsPrivate investor group supports DB scheme with capital injection
A defined benefit pension scheme has agreed a rare “capital-backed investment” transaction with a private investment firm to secure an injection of capital to improve its funding position.
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NewsTrustees under pressure to use surplus powers despite conflict concerns
With new surplus release flexibilities coming into force through the Pension Schemes Act, a survey of defined benefit pension scheme trustees has found a growing appetite for run-on but concerns about potential conflicts of interest.
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NewsBulk annuities latest: Insurance remains top option for most, finds Aon
Plus: Standard Life insures a subsidiary’s defined benefit pension scheme for £200m, while Just Group and Broadstone team up again for a sub-£5m transaction.
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OpinionStreamlining the risk transfer process: it’s harder than you might think
Ahead of a new research series from Pensions Expert into small scheme bulk annuities, members of the Endgame Perspectives Group explore how streamlined services have developed, their limitations, and how they can better serve pension schemes and members.
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NewsClara launches small scheme service and onboards £43m DB fund
The DB superfund has opened a new section of its structure to offer a streamlined service to smaller pension schemes, while onboarding a camera equipment manufacturer’s pension fund.
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NewsLow dependency overtakes buyout as DB schemes rethink endgame
Improving funding levels are giving defined benefit schemes more endgame options, but many have yet to put clear governance frameworks in place for surplus and long-term decision-making.
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NewsStagecoach transfers DB scheme to Aberdeen in innovative run-on deal
Stagecoach has agreed an innovative deal with financial services giant Aberdeen to transfer the bus company’s £1.2bn defined benefit pension scheme into a ‘run on’ arrangement.
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NewsEndgame options driving fiduciary management’s ‘evolution’, report shows
Large outsourcing agreements are helping to offset the pipeline of DB pension schemes heading for buyout, according to Quantum Advisory, as trustees weigh up more endgame options.
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NewsTrustees urged to consider all endgame options as rule changes loom
The Pensions Regulator has set out new guidance around endgame options - but has acknowledged that more will be needed as the government brings in new rules.
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NewsUtmost hires former Rothesay CFO to lead bulk annuity market push
Utmost Life and Pensions, one of the newest entrants to the UK bulk annuity market, has appointed former Rothesay Life chief financial officer Andrew Stoker as chief executive.
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OpinionMaturing schemes and endgame planning: The pensions ‘teenage years’
Naomi Brown, senior counsel at Sackers, explains the parallels between managing a maturing defined benefit scheme and life as a parent.