The trustees of the Littlewoods Pensions Scheme have agreed an £880m pensioner buy-in with Scottish Widows.
The deal covers nearly 7,000 members and roughly 60% of the scheme's liabilities, and is Scottish Widows' largest bulk annuity transaction to date, and the second largest buy-in this year so far. It...
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.