Aviva is launching a streamlined bulk purchase annuity (BPA) service to target market access for smaller schemes, typically with assets of less than £100m. Called Aviva Clarity, the service offers a process...
Four in five insurers plan to increase their private market allocations in 2024, with 73 per cent already investing in these assets according to research from Mercer-Oliver Wyman. A survey of more...
Independent Governance Group (IGG) has appointed Tim Giles as trustee director and Luke Wilcox as associate director. These appointments are part of a wider expansion which also sees three new assistant associates...
More than half or 52 per cent of employees have had to take time off work or, if self-employed, time out of their business, due to falling ill or having an accident...
Hymans Robertson unveils the ‘Excellence in Endgames’ insights hub, designed to help sponsors and trustees of defined benefit pension schemes navigate the various options. It includes a decision-making tree that helps identify...
Zedra has launched a specialised Escrow solution designed for pension schemes of all sizes seeking bulk purchase annuities and with concerns about possible overfunding The solution removes the traditional complexities and high...
The funding of DB schemes continues to improve, with the aggregate surplus of the 5,050 schemes in the PPF 7800 index rising in March. In total this surplus stood at £455.5bn at...
XPS Pensions Group has expressed concerns about Government’s plans to use the Pension Protection Fund (PPF) to act as a public consolidator for DB schemes. The pensions consultancy said it found proposals...
Aviva has completed the acquisition of AIG’s protection business for £453m. The deal, announced in September last year, sees Aviva purchase AIG Life from Corebridge Financial, a subsidiary of the US-based insurance...
Pension administrators Cartwright has expanded its team with the appointment of Gertrude Sheta to the new role of GMPe project specialist. Cartwright specialises in DB and hybrid schemes and said this appointment...
