PPF surplus soars 50% amid strong investment returns
The Pension Protection Fund (PPF) reached a surplus of £3.6bn at the end of March, according to its 2014/15 annual report and accounts.
This helped push the lifeboat fund's funding ratio up 2.6 percentage points to 115.1% over the 12-month period, the data published today showed. The investment return achieved over the past year was...
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Rothesay secures £7bn of pension benefits
Rothesay wrote £7bn of bulk annuity business over the course of last year, with 12 further schemes now benefitting from the insurer’s policies.
Deutsche Bank agrees £570m buy-in with L&G
Deutsche Bank AG has agreed a £570m pensioner buy-in with Legal & General for the defined benefit (DB) (UK) Pension Scheme.
Insurers set to reach FTSE heights with £1trn of pension risk transferred in ten years
Around £1trn of pension risk could be insured by just over a decade’s time as bulk annuity volumes grow rapidly, also boosting insurers’ rankings in the FTSE 100, according to Hymans Robertson.
Carillion scheme agrees £150m PPF+ buyout with L&G
The Mowlem (1993) Pension Scheme has secured the benefits of around 1,000 members in a buyout with Legal & General (L&G) offering income above compensation levels.
RPI reform certainty drives hedging increase
Pension schemes increased their inflation hedging in the final quarter of 2020 as major issues were concluded in a “momentous geopolitical quarter”.
