Legal and General (L&G) has completed its first medically underwritten bulk annuity deal with a £230m transaction with an unnamed scheme
Companies with defined benefit (DB) schemes are considering closing them due to changes in tax allowances made in the 2015 Budget according to research from PwC.
Inchcape has wound up the TKM Group scheme through a buyout with Aviva that covers £300m of pension liabilities.
The £150m Institution of Engineering and Technology ("IET") Superannuation and Assurance Scheme has completed a £32m medically underwritten buy-in.
The Pension Protection Fund (PPF) has made it easier for schemes to recertify some mortgage exclusions and asset backed contributions (ABCs) after a consulting on its levy rules.
The trustees of the WYG scheme have agreed with the sponsor to de-risk its remaining liabilities with the aim of reaching a full buyout next year.
The majority of people that work in pension schemes expect at least four in five defined benefit (DB) funds to meet all of their obligations in full, according to research from PP.
New thinking is needed for the new world trustees face
Inflation continues to hover around zero according to Office for National Statistics (ONS) figures, meaning interest rates are likely to remain at historic lows well into 2016.
The time has come for DB schemes to approach liability management differently