The beleaguered Nortel Networks UK Pension Plan has entered into a £2.4bn buyout with Legal & General (L&G), insuring members' benefits nearly a decade after its sponsor collapsed.
The benefits of more than 15,500 pensioners and 7,200 deferred members are now guaranteed in excess of Pension Protection Fund (PPF) levels, despite the scheme being just 40% funded on a section 75 basis...
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