DB & Derisking

A consortium of government agencies, charities and consultants is in talks over a first-of-its-kind deal for pension schemes to fund care for the elderly.

Banks are increasingly writing clauses into long-term loan agreements, effectively banning cash-strapped corporates from purchasing subsidiaries with defined benefit liabilities.

Around a quarter of a million high earners are at risk of losing more than £1m if they don’t secure protection on pensionable pay freezes within seven weeks.

Almost half of those earning more than £100,000 have stopped paying into pensions since the 2008 financial crisis, research reveals.

More than a quarter of medium-sized schemes feel they can afford buyout or liability-driven investment strategies, but a third need better full funding plans.

Independent trustees have backed proposals for employers to provide financial advice for all members offered enhanced transfer value exercises (ETVs).

Bespoke longevity deals worth as little as £50m are expected to complete by the end of the year, using a new swap method.

Pooled adviser procurement for local authority schemes will soar in 2012, with the largest deal of its type set to close imminently.

Deutsche Bank and Goldman Sachs are in the process of insuring £1bn of scheme longevity each, without reinsurance, in two groundbreaking deals.

Employers conducting enhanced transfer value (ETV) exercises will be forced to pay for members’ financial advice under forthcoming rules.