Pension Insurance Corporation has hedged £300m of longevity risk by reinsuring it with Munich Re.
Innovative new solutions have finally put a full buyout within the grasp of many schemes, yet adverse market conditions may mean some are hesitant to transact immediately, says David Norgrove.
The Graham & Brown Retirement Benefits Scheme has agreed a buy-in with Pension Corporation which will see it spread the premium over the next five years.
Aviva's exit from the large-scale UK bulk purchase annuity market due to disappointing returns will not affect competition, Aon Hewitt says.