The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter
Pension Insurance Corporation (PIC) has announced plans to raise further debt capital in order to support business growth in a burgeoning bulk annuity market.
Rothesay Life completed around £700m of bulk annuity transactions in the first half of 2019, according to its latest trading update.
The lifeboat fund's reserves have fallen by £0.6bn but investment performance weathered significant market volatility, increasing assets under management by £2bn.
The Smiths Industries Pension Scheme has secured a £176m buy-in with Canada Life, its second with the insurer.
Lane Clark and Peacock (LCP) has predicted the total volume of buy-ins and buyouts will surpass £15bn in the first half of this year, more than double 2018 H1 volumes.
Pension Insurance Corporation (PIC) has so far racked up £5.8bn of buyouts and buy-ins with defined benefit schemes this year, while reinsuring £7bn of longevity risk, it has revealed.
Following Rolls-Royce's record buyout earlier this month, James Phillips speaks to some of the key players about the process.
Legal & General Reinsurance (L&G) has launched what it claims is the UK's first pension risk transfer (PRT) execution platform to be driven by blockchain technology.
The Rolls-Royce UK Pension Fund (RRPF) has insured benefits for around 33,000 pensioners in a record-breaking buyout with Legal & General (L&G).