Risk Reduction
PA Pension Scheme completes £850m buyout with PIC
PA Consulting has completed a full buyout of its £850m scheme with Pension Insurance Corporation (PIC).
The key issues for risk reduction: Three lawyers have their say
PP asks three lawyers about how the key legal issues schemes facing schemes conducting or considering risk reduction exercises
Aliaxis scheme completes £85m buy-in with Just Group
The Aliaxis UK Defined Benefit Pension Scheme has completed a buy-in transaction with Just Group totalling £85m, structured across two tranches of pensions in payment.
Heathrow bundles bespoke bond and £325m buy-in with L&G
Heathrow Airport's defined benefit (DB) plan has completed a £325m pensioner buy-in with Legal & General (L&G) financed by an innovative corporate bond.
Carillion highlights importance of corporate investigations
Baroness Ros Altmann says more DB trustees should seek independent forensic analysis on the sponsor's business and financial position
How South Yorkshire Pensions Authority is protecting itself against a major market fall
The local authority pension fund recently bought protection for its £2.6bn equity portfolio ahead of its 2019 valuation. Stephanie Baxter looks at how the strategy works
Scottish Widows completes its biggest ever buy-in with Littlewoods
The trustees of the Littlewoods Pensions Scheme have agreed an £880m pensioner buy-in with Scottish Widows.
M&S completes buy-ins totalling £1.4bn with Aviva and Phoenix Group
The Marks and Spencer (M&S) Pension Scheme has insured around 15% of its pensioner liabilities through two bulk annuity insurance policies with Aviva and Phoenix Group.
Mothercare schemes enter PPF assessment as retailer seeks major restructure
Struggling children's retailer Mothercare has announced plans to overhaul its store portfolio through a Company Voluntary Arrangement (CVA), by closing 50 shops and negotiating reduced rents.
National Grid completes £2bn longevity swap
The National Grid Electricity Group has completed an intermediated longevity swap with Zurich for the Electricity Supply Pension Scheme (ESPS).
Keeping up with UK longevity trends
David Weeks says pension schemes need to give attention to risks that flow from longevity trends.
Prudential reinsures $1.2bn of PIC's longevity risk
Prudential Insurance Company of America (PICA) has agreed to reinsure around $1.2bn (£900m) of Pension Insurance Corporation's (PIC) longevity risk.
How Toshiba agreed a £170m deferred member buyout
The Toshiba Pension and Assurance Scheme has completed a £170m deferred member buyout. Stephanie Baxter looks at the details of the deal.
A closer look at Kingfisher's £209m buy-in with PIC
A second bulk annuity has been agreed for the Kingfisher Pension Scheme. Victoria Ticha speaks to the trustee about this next step in its journey towards self-sufficiency
Kingfisher scheme completes £200m buy-in with PIC
The Kingfisher Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), covering around £200m of liabilities for 400 pensioner members.
Zurich names first head of longevity risk transfer
Greg Wenzerul has been appointed Zurich's first head of longevity risk transfer, as it seeks to grow its business in the market.
Bulk annuity service launched in bid to revolutionise transactions
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
Prudential sells £12bn annuity book to Rothesay Life
Prudential has sold £12bn in annuity assets to reinsurance business Rothesay Life as part of its M&G demerger announced today.
Exclusive: Post Office completes £450m buy-in with Rothesay Life
Post Office has agreed a £450m bulk annuity for its section of the Royal Mail Pension Plan, insuring all 5,700 members with Rothesay Life.
Sea Containers scheme enters £187m buyout
The Sea Containers 1983 Pension Scheme has been fully insured in a bulk annuity deal completed by Aviva, almost a decade after receiving the regulator's first financial support direction (FSD).
Hymans Robertson expands risk transfer team with partner hire from Prudential
Hymans Robertson has appointed Michael Abramson as a partner and risk transfer specialist to grow its risk reduction offerings.
How 2017's largest longevity deal came to fruition
MMC UK Pension Fund's Frank Oldham tells Stephanie Baxter how its £3.4bn longevity swap came about and why it chose a captive structure
WPP completes £140m buy-in deal with PIC to insure five schemes
Five schemes sponsored by advertising firm WPP have completed a buy-in with Pension Insurance Corporation - insuring £140m of pensioner and deferred liabilities.
Scottish Widows completes £1.3bn longevity reinsurance deal with Prudential Financial
Scottish Widows has reinsured the longevity risk for around £1.3bn of its bulk annuity liabilities with The Prudential Insurance Company of America (PICA).
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