Insurer re-enters market to secure the benefits for the members of two schemes
Deal shows pricing opportunities for deferred liabilities are now considerably better
The deal protects the benefits of 800 pensioners and 7,950 deferred members
Sector records the second-lowest figure included in PP’s annual analysis
Biggest deal of 2021 so far sees 12,500 pensioner and deferred members insured
Tim Shepherd and Beth Brown look at the legal implications of working from home and how pension professionals can mitigate the risks.
The Prudential Staff Pension Scheme has entered into a £3.7bn longevity swap with Pacific Life Re, insuring the longevity risk of over 20,000 pensioners.
Pension funds that decide to invest in standalone fiduciary management funds are being reassured that they will not be subject to mandatory tendering requirements.
The High Court has ruled that there is no statutory limitation period in which to recover pension overpayments under a defined benefit (DB) scheme, as long as this is by adjusting future payments.
Enhanced powers for The Pensions Regulator (TPR) to prosecute and fine company directors who "wilfully or recklessly" put their defined benefit (DB) pension scheme at risk will be hard to enforce, commentators say.