A judge will decide this week if the trustees of the Box Clever pension scheme can contribute to a tribunal in which ITV will attempt to block the trustees' pursuit of a £62m scheme deficit.
The Pensions Regulator has released its reasoning for issuing a series of financial support directions to the ITV group over the beleaguered Box Clever Pension Scheme.
More than £2bn of pension fund liabilities was transferred in the third quarter of the year through buy-ins, buyouts and longevity swaps, Hymans Robertson analysis shows.
Longevity swaps leave schemes open to the risk that younger members live twice as long in retirement than current pensioner members, Punter Southall warns.
A dozen longevity swap deals are set to complete in the next 18 months after the £1.7bn ITV Pension Scheme deal reinvigorated the market, a consultant says.
ITV agrees pensions ‘longevity swap' deal; ITV ripe for sale after £1.7bn pensions deal; ITV pays Credit Suisse to take on the risk on its pension scheme; Putting a cap on the cost of pensions both present and future; Expat pensioner exodus: would the...
UK - The ITV pension scheme has entered into a £1.7bn ($2.8bn) longevity swap with Credit Suisse to fully hedge the longevity risk for 12,000 of its pensioner members.
The ITV pension scheme has entered into a £1.7bn longevity swap with Credit Suisse to fully hedge the longevity risk for 12,000 of its pensioner members.
ITV has boosted its pension scheme's interest in digital subsidiary SDN by £50m after failing to significantly cut the fund's £313m deficit in the last six months.
Conflict of interest faced by pensions managers is a critical issue which must be addressed but can be dealt with effectively, delegates heard.