The Treasury's announcement that it borrowed a further £4.3bn last month was unexpected to say the least.
UK - The longevity swap market could reach £20bn (US$28bn) this year as schemes look towards cheaper DIY options to reduce risk.
The longevity swap market could reach £20bn this year as schemes look towards cheaper DIY options to reduce risk.
UK - UBS Investment Bank is to enter the longevity swap market following the hire of a four-strong pensions team, sources said.
UBS Investment Bank is to enter the longevity swap market following the hire of a four-strong pensions team, PP has learned.
The value of buyouts, buy-ins and longevity swap deals struck during the 2009 has been more than £7.5bn, latest research by Hymans Robertson reveals.
UK - The value of buyouts, buy-ins and longevity swap deals struck during the 2009 has been more than £7.5bn (US$12bn), latest research by Hymans Robertson revealed.
Longevity hedge market growth in 2010 will depend on accurate risk pricing by schemes, Club Vita says.
Telent - the former Marconi telecoms group owned by Pension Corporation - has agreed a 15-year funding plan with trustees in a bid to shore up its pension scheme.
UK - The CDC Pensions Scheme has completed a £370m (US$621.6m) buy-in with Rothesay Life.