The bulk annuity market had a record final quarter in 2015 as buy-in and buyout deals totalled £5.4bn, according to LCP.
The Pensions Institute has predicted there will be rapid growth in medically underwritten bulk annuities as schemes turn to ‘top-sliced' deals and traditional insurers get into the market.
Five stories you might have missed: TPR's integrated risk management; JLT hires Boniface; barriers to buyout
The biggest stories on PP this week include AMNT launching its red lines initiative to give trustees more voting power and HSBC slashing 'pension' payouts for top executives. Here are the top five
Aviva's exit from the large-scale UK bulk purchase annuity market due to disappointing returns will not affect competition, Aon Hewitt says.
Almost 100 bulk annuity and longevity swap deals worth more than £50m have taken place in the UK since 2007 as part of an international trend, Mercer research says.
Professional Pensions is set to hold an online risk reduction debate and publish a guide to Risk Reduction in July.
Employers are accepting more responsibility for schemes but lack understanding of de-risking strategies, MetLife says.
Pension Corporation co-head of business origination David Collinson talks through the barriers to completing a buyout and how schemes can overcome them.
Trustees of the Morris Ashby Limited Pension Scheme have completed a £38m buyout deal with Pension Insurance Corporation removing its liabilities from the Pension Protection Fund.
Pensions de-risking business slumped by 78% in the first quarter of this year despite a high level of activity in the market, research shows.
UK - Strong asset gains and the closure of defined benefit schemes have made pensioner buy-in prices their most attractive since 2008, according to LCP research.
It's been a busy month for the North American de-risking market. In March, Global Pensions reported the start of the buy-in/buyout market in the US was imminent, and likely to emerge before the end of the year. It appears we were right.
Pension Insurance Corporation is hoping to raise around £500m in new capital to allow it to complete £5bn of risk reduction deals with schemes.
GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.
UK - Pension schemes are expected to shift a further £20bn ($32bn) of liabilities to insurance companies and banks over the next 18 months, according to Hymans Robertson.
UK/ CANADA - Last week's passage of the Ontario budget gave approval for the Nortel pension plan to put through what could be North America's first pension buyout. Ronald Olsen, vice president at Sibson Consulting, who assisted the plan with its proposal,...
UK - Trustees of the London Stock Exchange Group's defined benefit plan have sealed a groundbreaking £203m ($329m) deal to insure its pensioner members' liabilities after reporting a £33m increase in the scheme's surplus.
UK - Bulk annuity buy-ins and buyouts are now a more popular solution than longevity risk hedging for trustees looking to de-risk, research by MetLife Assurance shows.
GLOBAL - Multinational companies are starting to use buy-ins and buyouts for their smaller pension funds dotted around the globe, Yvan Legris, UK and EMEA chief executive at Aon Hewitt said.
Trustees of the George Hammond Retirement Benefits Plan have completed a £19m buyout of the scheme following a significant fall in the cost of insurance policies.
UK - The pension scheme risk transfer market is set to grow a further £20bn ($32bn) over the next 18 months, Hymans Robertson figures predict.
UK - Strong de-risking demand from UK pension funds drove a 36% increase in Legal & General Asset Management's liability driven investment funds last year, results show.
UK - Buyout deals totalled £8.1bn ($13bn) last year, with £1.6bn of this business written in Q4 alone, research by JLT Pension Capital Strategies shows.
UK - PwC has launched a bulk de-risking solution for employers sponsoring defined benefit schemes.