FM+ offering aims to use build up surplus for benefit of members, employees and sponsors
Deal enables insurer to complete further transactions as buyout market grows
Transaction covers around 40% of the plan’s pensions in payment
£20bn to £30bn of business could be written in the second half of the year
Weighing up trustees’ priorities on net zero in bulk annuity transactions
Bulk annuity transaction secures the benefits for 360 members across two schemes
Standard Life finds barriers include market volatility and investment strategy
Deal covers the benefits of 29 deferred members and 39 pensioners
LCP research finds ‘seismic shift’ in number of DB schemes seeking risk reduction transfers
BPA agreement covers 1,740 members from both sections of the scheme