The Total UK Pension Plan has insured £1.6bn of pensioner liabilities with Pension Insurance Corporation (PIC) in the second largest UK bulk annuity transaction to date.
Advisers said the deal was evidence of a growing trend of blue chip firms offloading significant chunks of pension risk after ICI secured a £3.6bn buy-in earlier this year (PP Online, 26 March). LCP...
With a recent rise in the number of smaller schemes undertaking bulk annuity transactions, Charlotte Quarmby sets out why now might be the right time for smaller pension schemes looking to de-risk.
Wilton Re has made an investment in Clara Pensions to support the consolidator’s growth and development.
Two in five UK defined benefit (DB) schemes expect to complete a bulk annuity or longevity swap transaction within the next three years, Willis Towers Watson research finds.
Sponsor covenants are facing a “triple whammy” moving into 2021 as the effects of Covid-19, Brexit and macro-economic conditions combine, Lincoln Pensions warns.
Darryl Brundle and Ashley Kanter look at the contrasting pressures and easements on longevity associated with the pandemic