News in brief - 27 January 2023

Robinson & Sons’ Pension Fund has proposed a full buyout following the completion of a recent buy-in.

In a trading update, Robinson confirmed that the scheme’s buy-in, announced in December 2022, had completed as planned on 14 December 2022 with the scheme having now paid the premium of £45.5m, which was financed entirely using assets held within the scheme. A full buyout is also proposed, after a data cleanse exercise, both of which are expected to complete before the end of 2023. Robinson also confirmed that any surplus remaining in the scheme after the full buyout would be used to augment member benefits.

Financial software provider EV has launched a series of quick tools based on the Pensions and Lifetime Savings Association (PLSA) Retirement Living Standards.

The digital guidance is designed to help consumers better understand their retirement options and to help answer members’ questions about how much they should be saving for retirement. EV also offers additional digital solutions for those closer to retiring using the individual’s pension data to provide more detailed information about their retirement income options and projected cash flow. The tools were initially launched to customers of TPT Retirement Solutions in October 2022, and are now being made available to the wider market.

The Pensions Management Institute (PMI) has appointed Phoenix CIS as an academy partner.

Under the partnership, Phoenix CIS will provide content on investment-only platforms to PMI members to help improve their understanding of how these platforms can benefit pension schemes. PMI CEO, Gareth Tancred, commented: "Investment-only platforms are an increasingly valuable tool for pension scheme management. As 2023 brings about changes to the pensions industry, many schemes may benefit from having a greater comprehension and understanding of how platforms can support them to achieve their investment objectives."

    Share Story:

Recent Stories


A changing DC market
In our latest Pensions Age video interview, Aon DC senior partner and head of DC consulting, Ben Roe, speaks to Laura Blows about the latest changes and challenges within the DC sector

Being retirement ready
Gavin Lewis, Head of UK and Ireland Institutional at BlackRock, talks to Francesca Fabrizi about the BlackRock 2024 UK Read on Retirement report, 'Ready or not. How are we feeling about retirement?’

Podcast: Who matters most in pensions?
In the latest Pensions Age podcast, Francesca Fabrizi speaks to Capita Pension Solutions global practice leader & chief revenue officer, Stuart Heatley, about who matters most in pensions and how to best meet their needs
Podcast: A look at asset-backed securities
Royal London Asset Management head of ABS, Jeremy Deacon, chats about asset-backed securities (ABS) in our latest Pensions Age podcast

Advertisement Advertisement