The £484m buy-in secured by the Philips Pension Fund last week is just the latest transaction in what looks as though it will be the busiest year for bulk annuity providers since 2008.
The deal with Rothesay Life took the value of liabilities insured past £5b and had a lot in common with a number of other transactions this year. It covered a subset of the scheme's 20,000 pensi...
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