The vast majority of the industry is concerned the Pension Protection Fund (PPF) switch of risk rating providers could lead to an "unjustified" levy hike for some, Barnett Waddingham research finds.
The Leaf UK Pension Scheme has secured a £35m buyout with Pension Insurance Corporation, covering approximately 700 members.
Deal with Dutch insurer Aegon marks French bank’s first major transaction in the longevity swap market
Deloitte plans to launch a service to help schemes move to flexible defined benefit (DB) structures in order to obtain better buyout deals.
Legal & General's (L&G) bulk annuity business has entered into a partnership with Club Vita to share longevity data and expertise.
Partnership has named former Aviva bulk annuity deal manager Andy Morley as national account manager for de-risking solutions.
Pension Insurance Corporation (PIC) has reinsured the longevity risk relating to £1.4bn of the liabilities in its bulk annuity portfolio with a range of reinsurance houses.
Basel III is encouraging financial services companies to consider defined benefit (DB) scheme buyouts and buy-ins to move liabilities off their balance sheets, experts say.
The NCR pension plan has entered into a £670m buy-in with Pension Insurance Corporation (PIC) covering 5,400 members of the consumer transaction tech firm's subsidiaries in the UK.
The Schindler Group scheme has agreed a £50m buy-in with Legal & General (L&G) to cover the liabilities relating to its current pensioner members.