Portfolio of equity release mortgages purchased from Just Retirement
De-risking deals hit £10.2bn last year thanks to a busy second half as concerns over Solvency II waned, according to Lane Clark & Peacock (LCP).
JRP Group has revealed its defined benefit (DB) de-risking sales were 24% down in 2016 compared to 2015 due to stagnation following a rush to beat incoming Solvency II requirements.
One of the major players in the de-risking market, JRP Group, has rebranded as Just.
Just Retirement and Aliaxis have agreed a £36m medically-underwritten bulk annuity deal in a bid to reduce longevity risk exposure.
Aggregate Industries Pension Plan has completed a £135m pensioner buy-in with Just Retirement.
'Annuity comparator' tool to be established
The government has reaffirmed its commitment to crack down on pensions cold calling and give firms more powers to block suspicious transfers.
‘Small number' of firms asked to review sales
The trustees for Amey OS Pension Scheme have agreed two separate buy-in policies with Just Retirement, worth a total of £65m.