Legal and General (L&G) has completed its first bulk annuity deal in the US, entering a joint agreement with Prudential Insurance Company of America to insure $900m (£595m) of liabilities in the Royal Philips scheme.
The transaction will split the payment of pensions to the scheme's 14,000 pensioner members equally between the two insurers. A third company, American United Life Insurance Company, will insure 3,000...
The Aberdeen City Council Transport Fund has agreed a £230m buy-in with Rothesay in the insurer’s first deal with a Local Government Pension Scheme (LGPS) fund.
The Legal & General (L&G) Group UK Senior Pension Scheme has agreed an assured payment policy (APP) deal with its insurer sponsor.
The defined benefit (DB) scheme of Evonik Holdings UK has agreed a £544m full buy-in with Legal & General (L&G) Assurance Society.
Pension risk transfer volumes this year will look similar to those in 2020 as market volatility creates opportunities for schemes able to act fast, according to Willis Towers Watson.
The Pension Schemes Bill has been scheduled for ping-pong, its penultimate step before becoming law.