The trustees of the Aon Retirement Plan have concluded a buy-in with Pension Insurance Corporation (PIC) for around a third of the £3bn-4bn scheme.
The £900m transaction which was primarily funded with gilts covers the majority of pensioner liabilities across two of the five sections making up the segregated scheme. PIC senior actuary Matt Barnes...
Scottish Widows completed five bulk annuity transactions in 2019, with liabilities insured exceeding £2bn.
BAE Systems will make a one-off payment of £1bn into its pension scheme “in the coming months” to plug a £1.9bn hole.
PASA’s DB transfers code of good practice is asking the industry to commit to delivering faster, safer transfers. Holly Roach reports
As the number of Coronavirus cases continues to grow, Calum Cooper looks at the potential impact on DB scheme liabilities and sponsor covenants.