This year set to be one of the biggest on record for bulk annuities and longevity swaps
Liabilities of 3,400 members are insured through deal with engineering firm’s scheme
Tata Steel UK says it expects a further buy-in for remaining liabilities to transact this year
Deal comes on the back of a £300m pensioner-only buy-in completed in 2014
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