Press Releases

SSE plc, the FTSE 100 energy company, has worked with two of the DB pension schemes which it sponsors to deliver a landmark project that will hedge £1.2bn of longevity risk through two buy-in transactions and a longevity insurance.

Demand for bulk annuity buy-ins is set to skyrocket over the next 15 years and an estimated £700 billion of defined benefit pension scheme liabilities could have been passed to insurance companies by 2032, a report published today by Hymans Robertson reveals.

Hymans Robertson’s award-winning GO technology has been further enhanced by the leading pensions and benefits consultancy.

Calum Cooper, Partner at Hymans Robertson responds to the government’s announcement to increase the state pension age (Spa) to 68, seven years earlier than initially planned.

Rona Train, Partner, responds to the Treasury's decision. 

Head of DC Consulting, Lee Hollingworth responds to a number of worrying trends emerging in the FCA Retirement Outcomes Interim Review.

John Walbaum, Head of Investment Consulting responds to the FCA's Asset Management Study.

Club Vita and the PLSA have published a joint report which shows that life expectancy amongst affluent men in the UK is rising faster than any other group, and faster than the national trends seen over the last five years. The report suggests this trend could have significant implications for Defined Benefit pension schemes as typically over half of their liabilities will be in this ‘comfortable’ group.

“This consultation is as welcome as it is long overdue. George Osborne threw a curveball at the entire pension industry when he introduced freedom and choice back in March 2014."

Calum Cooper comments on the news that the Defined Benefit (DB) scheme of an unnamed financial services group has seen its liabilities cut by a tenth in 6 months due to members cashing in their benefits.

Chris Noon, Partner comments on what we’d like the new Pensions Secretary and Pension Minister to think about as they take up their posts.

The only thing we can be certain of is more uncertainty. Uncertainty over Brexit and uncertainty over the future policies of the next UK Government.