Risk Reduction

The Pensions Management Institute (PMI) is modernising through its aim to provide members access to 'core insight' by forming industry partnerships with organisations, writes Victoria Ticha

Prudential has sold £12bn in annuity assets to reinsurance business Rothesay Life as part of its M&G demerger announced today.

Aon has appointed Mike Edwards as a partner in its risk settlement team to support the growth of its business offerings in the UK.

Hymans Robertson has appointed Michael Abramson as a partner and risk transfer specialist to grow its risk reduction offerings.

Five schemes sponsored by advertising firm WPP have completed a buy-in with Pension Insurance Corporation - insuring £140m of pensioner and deferred liabilities.

The ICI Pension Fund has revealed it completed another two buy-ins worth almost £1bn in September with two major insurers.

While LDI has been a helpful risk management tool it must adapt to a world where yields have yet again fallen to record lows and prospects for growth assets have deteriorated. Stephanie Baxter reports

The total funding level of the Pension Protection Fund (PPF) 7800 index fell to 81.5% by the end of May.

Total deficits of defined benefit (DB) schemes exceeded £300bn for the first time in May reaching record levels, according to JLT Employee Benefits.

A majority of 170 respondents to this week's Pensions Buzz believe The Pensions Regulator (TPR) should make Sir Philip Green pay money into the BHS Pension Scheme.