As medically underwritten bulk annuity deals reach record levels, Kristian Brunt-Seymour examines the anticipated growth of this practice and which schemes could benefit most
At a glance: Medically-underwritten deals have risen to £1.5bn and could hit £2bn this year There is still a small part of the bulk annuity market with room to grow MU bulk annuities particularly...
The number of defined benefit (DB) scheme members with benefits protected by an insurer will double by the middle of the decade, according to Lane Clark & Peacock (LCP).
Aviva Life & Pensions has concluded an £875m buy-in with its own staff pension scheme, following on from a similar transaction last year.
Just Group has completed a £74m pensioner buy-in with the UK pension scheme of a US-listed engineering business.
The Smiths Industries Pension Scheme has secured a £146m buy-in with Canada Life in its fourth bulk annuity and its sponsor’s tenth overall.
The Prudential Staff Pension Scheme has entered into a £3.7bn longevity swap with Pacific Life Re, insuring the longevity risk of over 20,000 pensioners.