Master trust ‘poised’ to join top 100 asset owners within the next decade

Report suggests the move could save taxpayers £37.4bn a year in the long term

Transaction secures the benefits of all 74 scheme members

The buy-in deal was converted to a buyout within two months of the initial transaction

Full buy-in transaction secures the benefits of all 160 scheme members

James Smith says a simple link to life expectancy risks ignoring reality

Firm wrote £1.5bn of BPAs in 2025, with £1bn written in Q4 alone

Second of three parts of guidance looks at planning the digital transformation journey

Insurer said the drop was due to a ‘lack of large deals’ but expects ‘increased market opportunity’ in 2026

L&G takes on responsibility for payment and administration of benefits, with PMI scheme to wind up