Floor coverings manufacturer AIREA has cut its defined benefit (DB) scheme deficit after completing a pension increase exchange (PIE) exercise.
The deficit fell from £7.4m on 30 June 2015 to £6.7m on the same date this year, according to the firm's interim report published on 8 September. The company said the PIE had helped it reduce the pension...
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.
The Marie Curie defined benefit (DB) scheme has entered into a circa £30m full scheme buy-in agreement with Legal & General (L&G) Assurance Society.
Metropolitan Tower Life Insurance Company has announced it completed four longevity reinsurance transactions with Legal & General (L&G) Assurance Society last year.