Bulk annuity transaction secures the benefits for 3,600 pensioners and deferred members
Deal is largest ever transaction from pension schemes to insurer
The Hitachi Data Systems Retirement Benefits Plan has agreed a buy-in with Legal & General (L&G) Assurance Society, covering both defined benefit (DB) and defined contribution (DC) provision.
The government suffered a major High Court defeat after guidance forcing the LGPS to invest in line with UK foreign policy was deemed unlawful. Stephanie Baxter finds it could have far-reaching consequences.
CMS has named Mark Grant as head of pensions as the law firm completes its tripartite merger with Nabarro and Olswang.
Just Retirement and Aliaxis have agreed a £36m medically-underwritten bulk annuity deal in a bid to reduce longevity risk exposure.
As US savers fight their pension schemes over high costs and charges, there is concern British trustees could see similar action. James Phillips reports
Simon Kew and Mark Jenkins have been appointed to the London committee of the Pensions Management Institute (PMI).
The trustees of the Aon Retirement Plan have concluded a buy-in with Pension Insurance Corporation (PIC) for around a third of the £3bn-4bn scheme.
The administration of pension schemes is set to become more complicated under new rules on shared parental leave, which came into effect last month.