Investor group launched alongside engagement with four banks
Our monthly round-up of the most important articles PP has published over the last month
Buck’s GMP equalisation project and a £5.5bn longevity swap
Formerly UK-centric Smart will launch in three new territories next year as part of an expansion following the close of its most recent funding round.
Rebecca Morgan looks at the data issues surrounding transfers out and GMP equalisation
There are many reasons why trustees may need to complete a benefit rectification exercise. Faye Jarvis explores the key considerations in these instances.
30 years after the infamous Barber judgment, Tom Yorath looks at how the GMP equalisation problem has progressed against advances in technology
This week’s top stories included Lloyds agreeing a £10bn longevity swap with Pacific Life Re for three of its pension schemes, and the Co-operative Pension Scheme completing a £1bn buy-in with Aviva.
Lloyds Banking Group will compensate Standard Life Aberdeen (SLA) £140m for the attempted early termination of an investment management arrangement for Scottish Widows worth over £100bn.
The cost of equalising guaranteed minimum pensions (GMPs) has been revised down by around £7bn, nearly half that of an initial £15bn estimate.