Press Releases

2017 saw defined benefit pension schemes in the UK complete £12.4 billion of bulk annuities (buy-ins and buy-outs) with seven insurance companies.  The bulk annuity market showed signs of further maturity as the volume of transactions less than £500 million hit £8.6 billion, over 50% higher than any previous year.

We provide an overview of this month's key issues, events and regulatory updates in the LGPS.  

Nearly half, (42%), of life insurers believe technology could deliver the most value in engaging customers, out of all the touchpoints along the customer journey, according to a poll of over 130 life insurance professionals.

Trustees and employers of all DB schemes must learn from the Work and Pensions Committee’s criticism in its British Steel Pension Scheme report and do more to guide scheme members facing transfer choices or the industry could face a mis-selling scandal, warns Hymans Robertson.

Risk-transfer expert, Michael Abramson has joined Hymans Robertson as a Partner and Risk Transfer Specialist.  

The number of DB schemes in the UK will shrink to about 1000 – less than a fifth of current levels - over the next 25 years as DB consolidation, in a whole range of forms, takes off.  

The Pensions Administration Standards Association (PASA), the independent body dedicated to driving up standards in pensions administration, today announced that Hymans Robertson has successfully completed the PASA reaccreditation process.

Alistair Russell-Smith, Partner, Hymans Robertson responds to Bank of England Governor, Mark Carney’s call for a “deliberate and carefully timed” withdrawal from the Retail Prices Index (RPI).

We provide an overview of this month's key issues, events and regulatory updates in the LGPS.

Baljit Khatra has joined the leading independent pensions and benefits consultancy as a Risk Transfer Consultant and will be based in the firm’s Birmingham office.

"It is not surprising that the Government Actuary Department has reached this conclusion that state pension funding levels are dwindling. The current system is dangerously unsustainable when you consider how technology and rising life expectancy could transform our working landscape over the next decade or two."

“Both the reduction of the AE starting age to 18 and lowering the threshold will lead to people saving more for retirement and any changes that result in this are very welcome.