Willis Towers Watson

The UK recorded a compound annual growth rate of 4.6% in the last decade and is now the third largest global pension market, having slipped behind Japan during a difficult 2020.

After a decade of de-risking, there is still more to do, particularly for those schemes late to the hedging party, writes James Phillips.

The Asset Management Exchange (AMX) and DWS have launched an investment solution which allows schemes in pooled funds to express their stewardship preferences.

Hymans Robertson has acquired Bath Actuarial Consulting (BAC) in a bid to boost its corporate consulting business.

The Investment Consultants Sustainability Working Group (ICSWG) has launched a guide to help trustees assess their investment consultants’ climate competency.

Pension risk transfer volumes this year will look similar to those in 2020 as market volatility creates opportunities for schemes able to act fast, according to Willis Towers Watson.

The Pensions Management Institute (PMI) has appointed three non-executive directors and an executive director to its board.

The Baker Hughes (UK) Pension Plan has secured approximately £100m of liabilities through a buy-in with Just Group.

The Reckitt Benckiser Pension Fund has secured a £415m buy-in with Scottish Widows, insuring the benefits of around half of pensioners.