On The Money: Biden tries to navigate bumpy recovery | Jobless claims hit another post-COVID low | Treasury calls for 15 percent minimum global tax thehill.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehill.com Daily Mail and Mail on Sunday newspapers.
A key market inflation gauge is trading at the highest levels since 2008 ahead of the release of minutes from the Federal Reserve's April interest rate decision.
A key market inflation gauge is trading at the highest levels since 2008 ahead of the release of minutes from the Federal Reserve's April interest rate decision.
So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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By IPE Staff2021-05-13T12:01:00+01:00
A Fujitsu pension scheme – the ICL Group Pension Plan – has insured its longevity risk over £3.7bn (€4.3bn) in liabilities with Swiss Re providing the reinsurance coverage.
The scheme, under the advice of Willis Towers Watson (WTW), was also able to optimise pricing by using a new Insight Investment platform to provide access to the reinsurance market via a trustee-owned Guernsey insurance cell.
The Insight Investment platform was built specifically to facilitate the use of longevity swaps by pension schemes, said Serkan Bektas, head of client solutions group at the firm.
“Our aim is to pioneer flexible and efficient approaches to hedging longevity risk,” he added.