Willis Towers Watson

British businesses have ploughed £200bn into defined benefit (DB) pension contributions over 15 years to avoid a drop in pension funding levels, according to a report from Lane Clark & Peacock (LCP).

The ViaNova Working Group has launched an initiative to automate pension transfers in partnership with TISA Exchange.

The ICL Group Pension Plan has entered into a £3.7bn intermediated longevity swap via a Guernsey-based captive, with Swiss Re reinsuring the risk.

Willis Towers Watson (WTW) has brought together its public and private equity investment research teams into a joint working group.

The Prudential Insurance Company of America (PICA) has concluded a £6bn longevity reinsurance deal, with Zurich Assurance acting as an intermediary on a pass-through basis.

There have now been more than 30 longevity swaps over £1bn publicly announced. The full list, provided by Willis Towers Watson and through PP research, is as follows...

Professional Pensions rounds up some of the latest ESG and climate news from across the industry.

Willis Towers Watson has committed its delegated investment portfolios to net zero by 2050, with at least a 50% reduction by 2030.

The Axa UK Group Pension Scheme has agreed a £3bn longevity swap with Hannover Re, insuring the longevity risk of a largely non-pensioner population.

Governance issues can directly impact the outcomes and value for money experienced by defined benefit (DB) scheme members, according to a paper from the Society of Pension Professionals (SPP).