Category: Industry
Pension fund trustees to receive up to £100 billion in deficit payments from sponsors
London, 15 May 2012 – The trustees of defined benefit pension funds could receive more than £100 billion in deficit reduction payments from their corporate sponsors over the next three years, or 13% of UK corporate cash holdings, according to a survey of more than 170 trustees and pension professionals, representing aggregate liabilities of at least £50 billion.
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55% of your salary - the real value of a defined benefit pension
London, 5 April 2012 – A 35 year old joining a Defined Contribution (DC) pension fund today could have to contribute more than 10 (ten) times the annual contributions of his colleague in a Defined Benefit (DB) pension fund to build an equivalent pension at retirement, according to figures published today by Pension Corporation, a leading provider of risk management solutions to defined benefit pension funds.
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- Industry
Pension Insurance Corporation appoints Mercer to provide pensions administration services
London, 13 March 2012
Pension Insurance Corporation ("PIC"), a leading provider of risk management solutions to defined benefit pension funds, has appointed Mercer to provide pensions administration services for its book of insured business, covering more than 50,000 pension policies. Mercer will provide record keeping, payroll, administration and communication services to PIC.
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- Industry
Pension Corporation: Focussing quantitative easing would benefit pensioners
London, 7 December 2011 – If Quantitative Easing (QE) was focused away from the purchase of long dated Gilts, defined benefit (DB) pension funds would have seen their liabilities rise by only a fraction of the estimated figure of c.£200 billion1, according to research published today by Pension Corporation, a leading provider of risk management solutions to defined benefit pension funds.
Download accompanying slides here: Pension_Corp_-_QEs_impact_on_pension_fund_liabilities_FINAL.pdf.
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- Industry
Pension Insurance Corporation insures Toray Textiles Europe Pension Scheme
London, 8 June, 2011 – Pension Corporation, a leading provider of risk management solutions to defined benefit pension funds, today announces that the Trustees of the Toray Textiles Europe Pension Scheme (“the Scheme”) have entered into a pension insurance buyout agreement with Pension Insurance Corporation (“PIC”). The transaction covers approximately £63 million of liabilities and 800 members. The company contributed £15 million to complete the transaction.
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- Industry
Pension Corporation in negotiations with long-term investor
London, 27 May, 2011 - Pension Corporation, a leading provider of risk management solutions to defined benefit pension funds, is pleased to confirm that it is in exclusive negotiations with Reinet Fund S.C.A., F.I.S., ("Reinet") a specialised investment fund incorporated in Luxembourg,...
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- Industry
Scottish pension funds may be overestimating life expectancy
28 February, 2011 – Scottish pension funds may be overestimating life expectancy in assessing their liabilities due to the use of UK-wide life expectancy estimates that are higher than the Scottish average, according to Pension Insurance Corporation, a leading provider of risk management solutions to defined benefit pension funds.
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- Industry
Pension Insurance Corporation reinsures large tranche of longevity risk
London, 20 January 2011 - Pension Insurance Corporation, a leading provider of risk management solutions to defined benefit pension funds, today announces that it has reinsured almost £500 million of its longevity exposure within the past month, as part of its on-going risk management strategy. The reinsurance has been undertaken in two separate transactions with highly rated reinsurers.
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- Industry
Brand new website Pensionomics.com launches to fuel national debate on pensions
With pension reform high on the new Government's agenda, Pensionomics.com launches today, seizing the moment to help fuel the pensions debate. Launched as a resource for anyone wanting to contribute to the debate or research in this vital field, Pensionomics.com is a new website which provides easy, free and open access to industry-wide commentary and research on the pensions landscape in the UK and internationally.
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- Industry
Pension Corporation - pension deficits narrowed by £30 billion due to increased real gilt yields
The effective doubling of long-dated real gilt yields from ½% over inflation to 1% over the last three months has brought down UK pension scheme liabilities. Trustees will have accordingly seen deficits narrow by over £30 billion, according to Pension Corporation's Q1 2010 Pension Risk...
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