Press releases
Pension Insurance Corporation: Innovation spurs Q3 risk transfer
Q3 2010 was notable for the contradictory trends in the pension risk transfer market and underlying asset volatility, according to Pension Insurance Corporation’s Q3 2010 Pension Risk Transfer Index, published today. Overall affordability remained relatively stable, due to increases in the asset markets offsetting the fall in long-term interest rates pushing up liabilities.
- Category:
- Risk Transfer Index
Pension Insurance Corporation insures the Arnold Laver Pension Scheme: Innovative way to address deficit
Pension Corporation, the leading provider of risk management solutions to defined benefit pension funds, today announces that the Trustees of the Arnold Laver Pension Scheme ("the Scheme") have entered into a pension insurance buyout agreement with Pension Insurance Corporation ("PIC").
- Category:
- Clients
Pension Insurance Corporation insures the Alliance Unichem UK Group Pension Scheme
Pension Corporation, a leading provider of risk management solutions to defined benefit pension funds, today announces that Pension Insurance Corporation has agreed with Alliance Boots to insure the Alliance UniChem UK Group Pension Scheme for its 3,000 members in a pension insurance buyout. This is the smaller of Alliance Boots’ principal UK pension schemes.
- Category:
- Clients
Pension Corporation bolsters client service team
Pension Corporation, the leading provider of risk management solutions to defined benefit pension funds, has made a number of appointments to its client service team, which includes transition management and operations.
- Category:
- Staff Announcements
Pension Insurance Corporation insures Alitalia Italian Airlines Pension and Assurance Scheme
Barnett Waddingham, the leading independent firm of actuaries and consultants, and Pension Corporation, the leading provider of risk management solutions to defined benefit pension funds, today announce that the Trustees of the Alitalia Italian Airlines Pension and Assurance Scheme ("the scheme") have entered into a pension insurance buy-in with Pension Insurance Corporation ("PIC") to stabilise the scheme's funding position. The scheme is currently within a PPF assessment period following the Administration of Alitalia (the sponsoring employer of the scheme) in 2008. At the time the company collapsed the Italian Government owned 49.9% of the shares.
- Category:
- Clients
Pension Insurance Corporation - market volatility driving search for pension security
Pension funds, in some cases prompted by the corporate sponsor, have been increasingly looking at a range of risk transfer options during Q2 2010. Affordability has been hit by the double impact on pension fund deficits of the reversal in the effective doubling of long-dated real gilt...
- Category:
- Risk Transfer Index
Statement regarding John Fitzpatrick and Philip Moore
John Fitzpatrick and Philip Moore have recently resigned for personal reasons from their respective roles at Pension Corporation
- Category:
- Staff Announcements
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.
- Category:
- Industry
73% of trustees planning to de-risk – biggest barrier is cost
73% of UK pension fund trustees are planning to reduce their pension fund's exposure to risk in the coming years, through a variety of strategies, according to data gathered in one of the largest independent studies yet conducted: "The Future of Pension Schemes".
- Category:
- Surveys
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...
- Category:
- Industry
