Bulk annuity transaction generates surplus assets for sponsor and scheme’s 107 members
Third risk reduction transaction with insurer covers all 350 members of the scheme
Brightwell research finds two-fifths of schemes are taking a ‘wait and see’ approach
PACE aims to optimise schemes’ decision making process when it comes to buyout
PwC said increase in long-term gilt yields reduced estimated cost for schemes to buyout
£60bn of bulk annuity transactions and £20bn of longevity swaps excepted this year
Half of schemes are targeting buyout, with around £50bn in deals expected by end of year
Standard Life finds barriers include market volatility and investment strategy
PwC finds over the last year, more than half of DB schemes saw asset values fall 20-40%