As a result of the transaction, all DB liabilities of the two schemes have been fully insured
Buy-in and buyout volumes anticipated to exceed the £43.8bn seen in 2019
Aysha Patel outlines five trends that are set to shape PRT in the new year and beyond
Transactions means over three-quarters of the UKRF’s pensioner longevity risk is now hedged
The buy-in will protect the benefits of more than 9,000 members of the scheme
The bulk annuity deal insures the DB liabilities for around 3,700 members
In a trading update, the firm also heralded a comeback in workplace pensions
Transaction will protect the fund against rising costs and provide greater security
Reform will support higher bulk annuity volumes without price rises
The transaction with L&G covers the benefits of around 5,000 retirees