Canada Life has completed its first ever bulk annuity transaction - completing a £5m pensioner buyout with Oundle School.
The deal was brokered by JLT Employee Benefits, who also helped Oundle School conduct a trivial commutation exercise as part of the deal. Around 150 members of the Oundle School Pension and Life Assurance...
Defined benefit (DB) schemes should act now to insure members’ benefits before an “anomaly” in the markets is corrected, Prudential Retirement has said.
Growing market volatility could adversely affect defined benefit (DB) schemes nearing buyout over the next five years, Barnett Waddingham says.
Legal & General (L&G) has entered into an agreement with US law firm Locke Lord for a £35m buyout of UK-based Edward Wildman Palmer pension scheme.
Rothesay Life has completed £3.7bn of bulk annuity transactions so far in the second half of this year, according to its latest trading update.
While buy-ins can provide an immediate reduction to liability values, schemes run the risk of retaining key risks and storing up problems, says Jos Vermeulen