The number of FTSE 100 defined benefit (DB) schemes at least 80% funded on a buyout basis almost doubled over 2016, according to Lane Clark & Peacock (LCP).
Around one in five were funded to at least this level at the end of December 2017, the consultancy said, up from one in eight at the end of 2016. Meanwhile, on average, FTSE 100 schemes are 10 percentage...
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