Scottish Widows has secured its second bulk annuity deal with a £54m buy-in for Barloworld UK Pension Scheme after the insurer entered the market last year.
The buy-in covered a tranche of the scheme's total £600m pensioner liabilities in continuation with its de-risking strategy following a previous buy-in completed with an undisclosed insurer in 2014...
The Universities Superannuation Scheme (USS) trustee board has warned investment returns will be lower in the future than expected as it edges closer to concluding its 2020 valuation.
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.
Pension transfer values ended 2020 at £259,000, 8% higher than the start of the year, according to XPS Pensions, after suffering periods of substantial volatility linked to the pandemic while potential scams reached record highs.
The Pension Schemes Bill has been scheduled for ping-pong, its penultimate step before becoming law.