In the news this week, TPR has won two First-Tier Tribunal appeals over chair’s statement fines, union members at Aberdeen Airport vote for strike action on pension closure, the BMA issues a stark warning to the Chancellor, and Prudential Retirement has reinsured about $2.6 billion of UK longevity risk since the start of 2019.
Month: April 2019
In the news this week, the DWP issues guidance about GMP conversion legislation, the FCA releases its annual business plan and Scottish Widows has completed another buy-in.
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In the news this week, British Airways and its trustee agree a settlement, the Pensions Ombudsman has ordered trustees to repay £2.4 million, the PPF publishes its three-year plan, and Scottish Widows completes two buy-ins.
In a busy week’s news, the pensions dashboard gets the go-ahead, MPs call for changes to the dividend regime, HMRC forms a GMP equalisation working group, and a £1.2 billion buy-in is announced.
Demand for UK buy-ins and buy-outs has been growing very fast. In this Arena article, we consider why bulk annuities have been so affordable and we look at how to get your scheme into the best possible shape to approach the insurance market.