Increased insurer competition, greater regulatory certainty and easier access to capital could boost the bulk annuity market 50% next year, according to a report from LCP.
The RAC (2003) Pension Scheme has completed a £600m longevity swap with Scor Se, which could be a watershed in how small schemes manage longevity risk.
Rupert Brindley believes good times are just around the corner for struggling defined benefit schemes
The Wiggins Teape Pension Scheme has agreed a £400m pensioner buy-in with Scottish Widows in the insurer's first foray into the bulk annuity market.
Insurers completed bulk annuity transactions of £2.5bn in the third quarter, bringing total benefits insured in 2015 to around £6.9bn.
Trustees of the Brunel pension fund have agreed a recovery plan with the scheme's sponsor, which is being investigated by The Pensions Regulator (TPR) over concerns about a corporate restructuring.
Modelling confirms collective schemes work better for members
The biggest challenge facing defined benefit (DB) scheme trustees is demonstrating their approach to funding is fully-integrated and risk-based, according to Hymans Robertson.
The total deficit of schemes in the Pension Protection Fund (PPF) 7800 index fell to £262.5bn at the end of October as both gilt yields and equity markets rose.