FINLAND - Neste Oil will transfer is supplementary pension plans to insurer OP Life Assurance, the firm said today.
The transfer of €270m (US$435.9m) in liabilities will be complete in April 2010. The liabilities are currently part of the Neste Oil Pension Fund. The supplementary plan covers employees who joined the...
The bulk annuity market had a record final quarter in 2015 as buy-in and buyout deals totalled £5.4bn, according to LCP.
The Pensions Institute has predicted there will be rapid growth in medically underwritten bulk annuities as schemes turn to ‘top-sliced' deals and traditional insurers get into the market.
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Aviva's exit from the large-scale UK bulk purchase annuity market due to disappointing returns will not affect competition, Aon Hewitt says.
Almost 100 bulk annuity and longevity swap deals worth more than £50m have taken place in the UK since 2007 as part of an international trend, Mercer research says.