L&G buy-in gains 'more than offset' individual annuity losses
Legal & General (L&G) has reported record bulk annuity numbers which it said had "more than offset" a 61% drop in sales of traditional annuity policies since the Budget reforms were announced.
Its third quarter interim statement said overall annuity assets were up 16% to £39.9bn compared to £34.5bn in the same quarter last year. It added total annuity sales were up 5% to £3.9bn representing...
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Just completes £340m buy-in with Ibstock scheme
Just Group has completed a £340m buy-in with the Ibstock Pension Scheme in the insurer’s largest ever bulk annuity transaction.
Punter Southall launches DB scheme consolidator called Stoneport Pensions
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2020 is offering de-risking opportunities for smaller schemes
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Clara Pensions adds Wilton Re as additional capital partner
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