The Western United Group Pension Scheme has secured a £111m pensioner buy-in with Rothesay Life, a year and a half after completing a £115m deal with the same insurer.
The scheme, which is sponsored by food supplier Vestey Group, exchanged cash and gilts for the policy. The deal is part of a trend which has seen several schemes effectively extend existing buy-ins...
Greater regulatory focus on covenant, holistic risk management, and long-term targets has helped proactive schemes approach their endgames earlier, says Adolfo Aponte.
The National Grid UK Pension Scheme has agreed its second buy-in this year, transferring £1.6bn of pension risk to Legal & General (L&G).
Without specialist help, smaller DB schemes are being left behind in a bulk annuity market increasingly focused on mega-deals, says Rob Dales.
Interest around DB consolidators is high but there remains regulatory uncertainty around their future. Lesley Carline looks at what the future might hold for this section of the market.
The Carter & Parker Limited Staff Retirement Benefits Plan (1975) has agreed a £9.3m bulk annuity deal with Canada Life.