News

We are very pleased to have supported the Trustees of the Coats UK Pension Scheme on its £1.3bn buy-in with Pension Insurance Corporation (PIC) which has been announced today.

Our advice helped the Trustees evaluate the financial strength and ESG implications of transacting with its selected insurer counterparty. Read more here.

After two years of industry consultation, the Pensions Regulator’s Defined Benefit (DB) Funding Code of Practice was laid in Parliament at the end of July. The Code gives practical guidance for trustees on how to comply with all DB scheme funding requirements. Chris Heritage, Director, and Andrew Stewart, Head of Client Team, share our initial reflections on the new Code here.

TPR’s updated guidance represents a major step forward in the developing market for Superfunds and Capital Backed Arrangements (CBAs), which provide important new options for companies and trustees looking to provide better outcomes for their members in a cost-effective way. Read our reflections here.

Cardano, the investment management and advisory business, today announces the appointment of Jonathan Repp as Director and Sonia Sandhu and Jacob Wooderson as Analysts to expand its Risk Solutions team. This move will enable the Risk Solutions team to address the growing demand in the space and expand its use of technology to enhance data and benefits analytics.

Cardano is pleased to announce that its application to remain a signatory of the UK Stewardship Code has been successful. As a signatory, Cardano adopts an active approach to stewardship that includes engaging collaboratively alongside other investors, using tools such as filing shareholder resolutions and voting at AGMs to express our views, or disinvesting if needed.

The polls were right – today the UK woke up to a new Government. The Labour party secured a landslide victory. Read our comments on the immediate market reaction and what future corporate activity could look like here.

Cardano advises the Trustees of the TotalEnergies UK Pension Plan and Rolls-Royce & Bentley Pension Fund on buy-in deals

In line with market expectations, the Bank Of England’s Monetary Policy Committee (MPC) again voted to maintain interest rates at 5.25%. Read Ross Barr’s, Senior Multi-Asset Strategist, comments on the latest decision, how inflation trends have improved through the year, and how fiscal conditions will limit the incoming government’s room for manoeuvre here.

Mercer, a business of Marsh McLennan and a global leader in redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being, today announced that it reached an agreement to acquire Cardano in the UK and Netherlands. Read more here.

The UK General Election will take place on July 4th. We share our reaction and expectations on fiscal and monetary policy, as well as what this will mean from a UK pensions policy perspective.