More than a dozen schemes are undertaking medically underwritten buy-ins with Partnership, after the first two ‘enhanced' buy-ins were completed by the insurer last year.
The vast majority of schemes now have a clear long-term objective, but unfortunately for most that destination is getting further away, says Aon Hewitt.
Jonathan Stapleton looks at the implications for asset allocation
Newspaper group Trinity Mirror has almost quadrupled the amount of de-risking insurance contracts it holds as discount rate falls increased its deficit, its final year results show.
Total bulk annuity business in by the end of 2012 was £4.4bn, compared to £5.2bn in 2011, Aon Hewitt research shows.
Cookson Group (now Vesuvius) has hired Premier as third party administrator for its £500m defined benefit scheme.
The Chamber of Shipping Retirement Benefits Plan has completed its second buy-in this year, paving the way for a full buyout of the scheme.
Premier Farnell has set up a 23-year asset-backed funding structure to plug an £18m deficit in its UK scheme.
Pension Insurance Corporation saw a surge in profits last year after writing £1.5bn in new business.
The longevity swap market appeared to dry up in 2012, as new business dropped by more than two-thirds, according to data from Legal and General.