The Former Registered Dock Workers Pension Fund has completed a £725m buy-in with Pension Insurance Corporation (PIC) in what is believed to be the biggest deal so far this year.
The arrangement between the multi-employer scheme and the insurer also includes "residual risk" cover for events from future data corrections, missing beneficiaries or incorrect benefits. The deal...
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.