The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
A US company has completed a £285m pensioner bulk annuity for around 1,100 of UK members with Legal & General (L&G).
Pub retailer and brewer Greene King has signed a £50m bulk annuity contract with Scottish Widows for the Spirit Pension Scheme.
BA deal marks 'new chapter' for risk reduction market; £20bn-plus of transactions expected this year as megadeals continue
The Airways Pension Scheme's £4.4bn buy-in with Legal & General, announced this morning, is set to mark a 'fundamental shift' in market dynamics with deal volumes of £20bn-plus for 2018 now looking possible, consultants say.
There have now been a total of 42 buy-in and buyout deals of over £500m announced since 2007. The full list, provided courtesy of LCP, is as follows...
The British Airways sponsored Airways Pension Scheme (APS) has completed a £4.4bn pensioner bulk annuity buy-in with Legal & General.
Sales in Pension Insurance Corporation's (PIC) bulk annuity business rose by 73% compared to the same period last year, its half-year results have revealed.
Turnaround company Melrose Industries is seeking to insure the benefits of one of the GKN pension schemes it took on when acquiring the aerospace business earlier this year, according to reports.
The £800m Hays Pension Scheme has completed a £270.6m buy-in with Canada Life, insuring all future benefits for pensioner members.
Legal & General (L&G) has entered the small scheme longevity insurance market after completing a £300m longevity swap with a pension fund.
Over two years since the collapse of the high street giant, BHS pension scheme members will be able to put their anxieties to rest thanks to a bulk annuity deal. James Phillips explores the detail.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.
The Menzies Pension Fund has entered into a £75m buyout with Pension Insurance Corporation (PIC) through a bespoke deal involving payments in instalments.
Approximately 9,000 members who transferred to the BHS2 Pension Scheme last year have had their benefits fully insured through a buyout with Pension Insurance Corporation (PIC).
Around £8bn of buy-ins and buyouts were completed in the first half of this year, writing the highest volume of deals of any first half to date.
Legal & General (L&G) has announced bulk annuity sales in the first half were £1bn lower than last year, but it expects another £7bn of deals in the second half.
The Prudential Insurance Company of America (PICA) has agreed to assume approximately £1bn of pension liabilities from Aviva's bulk annuity business.
Sales in Aviva's bulk purchase annuity business totalled £1.5bn in the first half of 2018, its half-year results have revealed.
Two-thirds of FTSE 100 DB schemes invest more than 50% of assets in bonds to tackle investment mismatching, according to JLT research. Victoria Ticha takes a closer look
Four bulk annuity transactions worth over £1bn were transacted by Scottish Widows in the first half of the year, according to its half yearly report.
Almost two-thirds of FTSE 100 defined benefit (DB) pension schemes invest more than 50% of their assets in bonds, according to a report by JLT Employee Benefits.
Bulk annuity deals transacted by Just Group totalled £718m in the first half of this year compared to £296m in H1 2017, according to its latest results.
Pension Insurance Corporation (PIC) has completed a £60m buy-in deal for the Civil Aviation Authority's defined benefit (DB) scheme.
Buy-in and buyout pricing could increase due to future capital requirements for insurers holding equity release mortgage assets to back deals. Victoria Ticha looks at what it means for trustees