Risk Reduction
Risk Reduction
A Pfizer Group-sponsored defined benefit (DB) pension scheme has completed a £190m buy-in with Aviva, following a slow start to the year in bulk annuity business for the insurer.
27 May 2021
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3 min read
Risk Reduction
The Allied Irish Bank (AIB) Group UK Pension Scheme has agreed a pensioner and deferred buy-in with Legal & General (L&G), converting an assured payment policy (APP).
27 May 2021
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2 min read
Defined Benefit
The majority of sub-£250m schemes plan to achieve a buyout as their scheme’s endgame even if pricing opportunities are not necessarily in their favour, Mercer research finds.
25 May 2021
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2 min read
Risk Reduction
Legal & General (L&G) has completed a £55m full scheme buy-in with the Chartered Insurance Institute (CII) Pension Scheme.
20 May 2021
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2 min read
Risk Reduction
The ICL Group Pension Plan has entered into a £3.7bn intermediated longevity swap via a Guernsey-based captive, with Swiss Re reinsuring the risk.
13 May 2021
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2 min read
Risk Reduction
The Nortel Networks UK Pension Plan has agreed a further £105m buyout with Legal & General (L&G), topping up the benefits agreed in a prior deal.
11 May 2021
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2 min read
Risk Reduction
There have now been more than 30 longevity swaps over £1bn publicly announced. The full list, provided by Willis Towers Watson and through PP research, is as follows...
28 April 2021
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1 min read
Risk Reduction
The Association of British Insurers (ABI) Pension & Assurance Scheme has insured benefits for 191 members in a £26m buy-in with Aviva.
07 April 2021
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1 min read
Risk Reduction
The defined benefit (DB) scheme of Shepherd Foods (London) has completed a £3m buyout with Aviva, insuring the benefits of 13 pensioner and deferred members.
06 April 2021
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1 min read
Risk Reduction
General Motors has agreed a £53m bulk purchase annuity transaction with Aviva for the Vauxhall Associated Companies Pension Fund (VACPF).
25 March 2021
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1 min read
