Keith Anderson

For M&A deals in the UK, there's a wider range of options for DB pension schemes before, during and after the transaction https://ow.ly/NSZ550SFOZ9 #pensions #retirement #DefinedBenefit #MergersAndAcquisitions #WTWPerspective

10

An insightful piece in Professional Pensions from The Society of Pension Professionals & Columbia Threadneedle Investments EMEA APAC Simon Bentley today. It sets out the likely impact of the Government's pension review on investment strategy and can be read here: https://lnkd.in/eMMJcTQy #pensions #pension #retirement #spp #investment #finance

5

Stay tuned for the latest edition of our newsletter coming this week! This edition features insights on the recent developments in the transition plan disclosure landscape from prominent industry leaders, including #GFANZ Vice Chair Mary Schapiro, Group CEO of Aviva Amanda Blanc, and CEO of LSEG (London Stock Exchange Group) David Schwimmer. Hear from our regional networks on their work driving global capacity building and transition planning around the world, and read an exclusive interview with the former Group CEO of HSBC Noel Quinn on HSBC’s leadership in net-zero transition planning and capital mobilisation initiatives. Don’t miss this insightful issue! Sign up today. #climate #climatechange #netzero #transitionplans #climatefinance

55

1 Comment

Lloyds targets mid-market companies with new JV Lloyds Bank and Oaktree Capital Management, L.P. have partnered to target British mid-market companies seeking direct lending. The new multi-year deal will see Lloyds’ structured debt finance team work with colleagues at Oaktree’s European private debt platform to fund buyouts, refinancings and give access to the bank’s corporate services. Lloyds and Oaktree will be targeting sponsor-backed UK companies with £10m to £75m in earnings. The partnership will have a combined single name hold capacity of £175 million per transaction. Both businesses are hoping the new proposition offers an appealing alternative for companies who would have otherwise had to endure multiple funding parties. Read more: https://lnkd.in/eFvkT-_F

1

Europe's 4 largest reinsurers reported strong performance in non-life segments in 2023 and the first half of 2024, driven by robust pricing and favorable terms. So concludes a new report from AMBest, via Insurance Biz Mag: https://ow.ly/kvQz30sGe5K

4

Big news being reported in Sky News that NatWest's pension fund has purchased around £11bn of pension buy-ins covering a third of the scheme’s liabilities. £11bn would be the largest volume insured by any UK pension scheme to date, narrowly ahead of the c£10bn insured by the ICI Pension Fund. It follows the well-established approach of larger schemes using multiple phased buy-ins to insure some or all of their liabilities – see table below of the top five largest amounts insured. 

63

1 Comment

Carlota Esguevillas reflects on the strengths of the current UK Stewardship Code, and details what EdenTree Investment Management would like to see in its next iteration. https://lnkd.in/eT5vUtta Financial Reporting Council #Stewardship

1

We're pleased to release this month's Financial Services newsletter: https://bit.ly/4frHc74 Highlight's include; IDEX Consulting Ltd's wealth management outlook, the impact of AI on paraplanning, budget news, and Schroders and Phoenix Group's launch of Future Growth Capital. Subscribe for regular updates: https://bit.ly/3NOk8U8 #IDEXConsulting #FinancialServices #News 

7

Selectapension goes beyond basic switching tools. Whether analysing portfolio strength for clients or conducting an annual sustainability review, Selectapension has you covered... #financialplanning #investmentmanagement #sustainability #wealthmanagement https://lnkd.in/e8csv6Gu

2

The latest PPF 7800 showed funding of defined benefit schemes improved during April, with surpluses increasing for another month running and rising to £458.3bn. Get the thoughts of Broadstone's Senior Actuarial Director Jaime Norman on the impact of continued uncertainty in investment markets over Bank of England rate cuts as well as the recent tightening in corporate bond spreads. Find out more on the data and Jaime's musings in the Professional Pensions article below. https://lnkd.in/gPb_czv4

10

The RAC (2003) Pension Scheme Completes Full Buy-In Bulk Purchase Annuity Deal With Aviva: The deal, which included a novation of the scheme’s existing longevity swap and the transfer of illiquid assets, was completed in August this year. #BulkPurchaseAnnuities #GroupAnnuities #PensionRiskTransfer #LongevityRisk

2

The AIFMD II came in to effect on 15 April 2024, and member states are required to adopt the rules within two years. In our latest insights article, Commercial Manager Harry Messervy looks at what this means for Jersey and Guernsey AIFMs and AIFs. Read the full article https://lnkd.in/eWcp5z8Y

28

News & Analysis | Private equity could be a financial risk, warns Bank of England Asset values and debt put industry under the spotlight, finds Andrew Holt. Read more: https://lnkd.in/eNND8XMJ Bank of England #Interestrates #Investmentrisk #Privateequity #Privatemarkets

2