The Volatility Adjustment is one of the options available under the long-term guarantees package, introduced under Omnibus II, and allows a prescribed adjustment to the Solvency II risk-free discount. Our latest blog looks at this in more detail.
Our preceding blogs talked about BE. Our final blog talks about some less obvious ways insurers may already be taking advantage of some of these biases.
Following PRA dry run submission, and in anticipation of the application window opening next year, insurers with annuity books are focussing their attention on the Matching Adjustment like never before. We look at the issues in our latest briefing note.
With Omnibus II having set out the finalised matching adjustment criteria, the focus has now turned to the practicalities of how firms will ensure their assets (and liabilities) are eligible.
This month's News on Pensions includes articles on DC pensions: Freedom and Choice, the Definition of 'Money Purchase', Arcadia: RPI vs CPI and PPF news
We analyse the sensitivity of pensioner and annuitant liability values to mortality rates and mortality improvements at different ages to assess which ages matter most.
In 2013 the Trustees of a Charity asked us to use modelling to illustrate possible future investment returns and volatility resulting from the Charity’s current asset allocation, and then to suggest possible alternative asset allocations.
During early 2012, one of our schemes was constrained by the funding basis and the availability of contributions from the employer to the extent that it could not afford to reduce the level of risk and purchase additional protection.
We carried out an innovative buy-out for part of the Lloyd’s Superannuation Fund (LSF), a £500m multi-employer defined benefit scheme associated with the Lloyd’s of London insurance market.
For many years we have read about the ever increasing pain that defined benefit (DB) pension schemes have piled onto employers, be it additional funding requirements or unwelcome volatility on the balance sheet.
Our thirteenth annual survey of the assumptions adopted by FTSE100 companies for determining the value of their pension liabilities for accounting ...
Following on from our research of French companies with UK DB schemes, we have carried out two further research reports for German and Dutch companies with UK DB schemes.
Firm continues growth of SIPP & SSAS business following launch of Flexible SIPP and acquisition of Harsant Pensions; SSAS business breaks £4bn AUA mark as result of the deal.
Barnett Waddingham has announced the launch of its newly rebranded ‘Health and Wealth’ workplace benefits practice area within the firm, which will focus on advising employers and trustees on how to meet the evolving needs of their employees.
Barnett Waddingham has today announced that it has purchased Harsant Services Ltd (Harsant Pensions) for an undisclosed figure, in a deal which will see the firm add more than 400 SIPP and 70 SSAS clients to its existing book of business.