SWITZERLAND/UK - Swiss Re has confirmed it is to launch into the pension fund buyout market in September.
The company said it would provide full buyout options along with products to manage interest and inflation initially targeting UK and European schemes and then look to the US.
Swiss Re's announcement came a week after Lehman Brothers refused to confirm it was entering the buyout arena despite rumours to the contrary (www.globalpensions.com).
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point