The Philips UK Pension Fund's £2.4bn buyout - concluded in November last year - was the largest of its kind ever completed in the UK market.
The aggregate funding level of defined benefit (DB) schemes of the FTSE 100 companies has fallen to 85%, according to JLT Employee Benefits.
Prudential Retirement Insurance and Annuity Company (PRIAC) and Legal & General (L&G) have completed their third longevity reinsurance transaction since October 2014.
PP explores the option of putting the British Steel scheme through the bulk annuity market.
Johnston Press has revealed how it cut its pension liabilities by £53m through a medically underwritten study to review assumed life expectancy of its members.
Smaller schemes are increasingly looking to benefit from longevity de-risking opportunities offered through swaps and bulk annuities, accordingly to JLT Employee Benefits.
The funding level of the 5,945 schemes in the Pension Protection Fund (PPF) 7800 index improved slightly to 81% by the end of March.
The Employer Covenant Working Group (ECWG) has announced its formal launch as it publishes a guide for advisers, trustees and sponsors of defined benefit (DB) schemes.
Aegon has sold a £6bn UK annuity portfolio to Rothesay Life in a bid to focus on expanding its investment platform.
PP looks at how the Just Retirement and Partnership merger could impact market competition.