The Maersk Retirement Benefit Scheme has agreed a £1.1bn buy-in with Legal & General (L&G) Assurance Society, protecting benefits for around 4,900 members.

The Department for Work and Pensions (DWP) has launched a consultation on the future of the general levy, seeking to close a potential £230m funding gap if rates remain unchanged.

Law Debenture has acquired the company secretarial business (CSS) of Konexo from Eversheds Sutherland for a cash payment of £20m.

The Aon Retirement Plan has completed a £510m pensioner buy-in with Scottish Widows, insuring members in the Aon Bain Hogg Pension Scheme section.

The BBC Pension Scheme has completed a £3bn longevity swap deal with Zurich and Canada Life Reinsurance, covering the risk of pensioner and dependent members.

Britons generally have a lower risk tolerance than Americans, Canadians, and Australians, and would give up some or significant returns to invest with their personal values, according to MFS Investment Management research.

The Northern Gas Networks Pension Scheme has agreed a £385m pensioner buy-in with Legal & General (L&G).

Lane Clark & Peacock (LCP) partners are set to own a larger stake in the firm after buying out Inflexion Private Equity’s minority stake with the support of Charterhouse Capital Partners.

The National Grid UK Pension Scheme has completed an £800m buy-in with Rothesay, its second bulk annuity transaction with the insurer.

Around 5,000 Thermo Fisher Scientific UK pension scheme members have joined Aegon Master Trust, with £120m of assets transferred.