Deficits of workplace defined benefit schemes have risen by 66% since the end of 2013 as a result of plummeting bond yields, according to JLT Employee Benefits' monthly index.
Rothesay Life has hedged the longevity risk relating to £1bn of its pension liabilities in a series of deals with Pacific Life Re.
Aviva answers key questions facing the bulk annuity market
Pension Insurance Corporation (PIC) has reinsured the longevity risk relating to £2bn of liabilities with Hannover Re and Reinsurance Group of America this year.
Towers Watson has launched an off-shore longevity hedging service to give medium-sized schemes direct access to the reinsurance market.
The MacDermid Canning Pension Scheme has bought out its 670-member scheme using Aon Hewitt's implemented annuities service.
A methodology for assessing longevity basis risk developed by Hymans Robertson and Cass Business School will help bring index-based longevity swaps into the mainstream, say actuaries.
Partnership has completed a £206m buy-in covering high value members of a "multi-billion pound scheme" in the biggest medically underwritten bulk annuity deal to date.
The Pension Protection Fund (PPF) has shunned the idea of creating an industry-specific levy framework over concerns that it was "too easy to manipulate".
PP looks at the complex set of deals that allowed TRW Automotive to shed more than £2.6bn in liabilities