July 2023

Hunt launches consultation on DB liabilities, new superfund, PPF role

UK Chancellor Jeremy Hunt said the government will launch a call for evidence today (June 11 ) on the role of the Pension Protection Fund (PPF) and the part DB schemes play in productive investment, “whilst always being mindful of the second golden rule to protect the sound functioning and effectiveness of the gilt market” His first …

Hunt launches consultation on DB liabilities, new superfund, PPF role Read More »

BP is in talks over a landmark insurance deal for its £30bn final salary pension fund as rising interest rates give companies the chance to shift billions of pounds of liabilities off their books

 ( FT- July 7) Trustees for BP’s UK defined benefit scheme, which has more than 60,000 members, are in talks with multiple insurers over a so-called buy-in deal, according to five people familiar with the discussions, which has the potential to be the biggest in the history of the industry. Higher rates have transformed the …

BP is in talks over a landmark insurance deal for its £30bn final salary pension fund as rising interest rates give companies the chance to shift billions of pounds of liabilities off their books Read More »

Six changes to seize the DB pension surplus opportunity

Willis Towers Watson proposes six changes the government could make to facilitate access to ‘trapped surplus’ within DB pension schemes – unlocking an opportunity to use the capital more productively for the benefit of employers, employees, and the UK economy. UK private sector defined benefit (DB) pension schemes hold around £1.5 trillion in assets, and …

Six changes to seize the DB pension surplus opportunity Read More »

Scroll to Top