BoE recommends further action on LDI and Barclays UKRF completes £7bn longevity deal
Transactions means over three-quarters of the UKRF’s pensioner longevity risk is now hedged
This week’s top stories included news that Pension Schemes Bill powers given to The Pensions Regulator to issue contribution notices will not be backdated, while the Department for Work and Pensions said it will ban flat-fee charging on auto-enrolment...
The Barclays Bank UK Retirement Fund (Barclays UKRF) has integrated ESG factors and climate risk into a £1.3bn diversified growth fund (DGF) portfolio used for its defined contribution (DC) scheme.
The Barclays Bank UK Retirement Fund has completed a £5bn longevity swap with Reinsurance Group of America (RGA).
Barclays has received final approval for its ring-fencing plans, which controversially involve moving its DB scheme to its investment banking division. Stephanie Baxter considers the judgment