Bulk annuities: Optimise the inputs to improve the outcome
Much like when selling a house, DB plans need to tidy up before approaching the bulk annuity market, says David Ellis.
Consider an employer's defined benefit (DB) pension plan. It has served its members and the employer for many years, becoming a financial institution in its own right. However, the time has come for the...
More on Risk Reduction
L&G concludes £105m top-up buyout for Nortel scheme
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.
List: The biggest UK longevity swaps
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...
ABI agrees £26m buy-in with Aviva
The Association of British Insurers (ABI) Pension & Assurance Scheme has insured benefits for 191 members in a £26m buy-in with Aviva.
Aviva completes £3m buyout of Shepherd Foods scheme
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.
General Motors secures £53m bulk annuity transaction with Aviva
General Motors has agreed a £53m bulk purchase annuity transaction with Aviva for the Vauxhall Associated Companies Pension Fund (VACPF).
