Gender-balanced companies outperform rivals & more…Keep up with what has been happening this week in our latest IP news round-up…

Key audit and pension reform bills absent from King’s Speech

Actuaries and pension professionals have expressed dismay over the absence of legislation for key reforms in the King’s Speech. The 21 bills announced did not include a draft audit bill or a law to introduce pension reforms.

Legal and General complete buy in with Deutsche Bank Pension

Legal & General Assurance Society Limited (“Legal & General”) today announces it has completed a c.£500 million buy-in with the DB (UK) Pension Scheme (“the Scheme”), securing the benefits of around 2,000 retirees and deferred members.

Gender-balanced companies outperform rivals

Companies with diverse workforces and more women in management roles outperform rivals in terms of their return on assets by as much as 29% a year, according to research.

MMC UK Pension Fund completes first longevity swap to include actives 

MMC UK Pension Fund completes first ever longevity swap to include active members, extending longevity risk transfer by approximately £2bn

WTW launches A-Star: A Global D&O Excess Facility Offering Exclusive Client Benefits

WTW (Nasdaq: WTW), a leading global advisory, broking, and solutions company, announced the launch of A Star, a cutting-edge excess layer D&O insurance solution for directors and officers.  The new facility provides streamlined access to up to £/$/€ 80,000,000 additional capacity for Directors’ & Officers’ liability insurance, ensuring comprehensive protection for non-indemnified loss scenarios.