The BMW UK Operations Pension Scheme has insured £3bn of its liabilities with Deutsche Bank subsidiary Abbey Life.
The deal is the largest ever scheme longevity insurance deal to date. Abbey Life used the proprietary longevity models and structuring capabilities of Paternoster, the pensions insurer in which Deutsche...
Tim Banks has been named as a senior consultant in the fiduciary management arm of Mercer in a newly-created role.
Vassos Vassou has been hired by Dalriada Trustees to grow business in London and the South East.
AXA Life Invest has hired a regional sales manager and eight retirement specialists to be advisers’ first point of contact for the firm’s drawdown products.
Chief financial officers (CFOs) are concerned they may have to sell their defined benefit (DB) assets at reduced prices to meet pension payments according to Hymans Robertson.