News week ending 31 May
In the news this week TPR publishes its analysis of schemes whose funding valuation is due this year, an entire trustee board is replaced due to lack of competence and two Scottish airports face strike action over DB closure.
Pensions Arena April 2019
Buy-in now, while stocks last?
2018 was a record year for UK buy-ins and buy-outs but, with demand from pension schemes continuing to grow fast, are we about to see an end to recent attractive pricing for bulk annuities?
In this article we consider why bulk annuities have been so affordable in 2018 and early 2019 and whether this is likely to change soon. We also look at how to get your scheme into the best possible shape to approach the insurance market.
And, of course, April’s Pensions Arena contains all the usual financial and investment analysis for the quarter ending 31 March 2019, presented in the BAC Dashboard.
News for week ending 8 March
In the news this week, the Pensions Regulator has released its 2019 annual funding statement, the Single Financial Guidance Body has been renamed, the latest CMI projections model has been released and National Express has completed a buy-in.
Pensions Arena October 2018
Why work hand in glove?
Funding valuations have often been a source of conflict between companies and trustees. However, a growing number of companies are finding that working hand in glove with their trustees not only means a smoother valuation process but also leads to more effective funding and investment decisions.
In this Pensions Arena, which summarises our June 2018 Pensions Perspective, we explain why this often makes good sense from the sponsor’s perspective.
And, of course, October’s Pensions Arena contains all the usual financial and investment analysis for the quarter ending 30 September 2018, presented in the BAC Dashboard.
Working hand in glove
Funding valuations have often been a source of conflict, or at least robust negotiation, between companies and trustees. However, a small but growing number of companies are finding that working hand in glove with their trustees not only means a smoother valuation process but also leads to more effective funding and investment decisions.
In this Pensions Perspective, Andrew Udale-Smith looks at how this relatively new model of working together has come about and explains why it can often make good sense from the sponsoring employer’s perspective. Andrew suggests that, although some may protest that hand in glove was the way companies and trustees used to work, before the Regulator and a scheme-specific funding regime arrived on the scene in 2005, in most cases, that was often a relationship in which the company called the shots and the trustees followed. The model Andrew discusses here is quite different.