The lifeboat fund's reserves have fallen by £0.6bn but investment performance weathered significant market volatility, increasing assets under management by £2bn.
In its annual reports and accounts for 2018/19, published today (4 July), the Pension Protection Fund (PPF) revealed its funding ratio fell by 4.2 percentage points to 118.6% following its absorption of...
The ICI Pension Fund has completed its ninth buy-in with Legal & General (L&G), insuring a further £70m of benefits and bringing total insured benefits with L&G to around £5.8bn.
Just Group completed £460.3m of bulk annuity deals in the six months to 30 June, its half-year results have revealed.
The Littlewoods Pensions Scheme has completed a buy-in covering just under £930m of around 6,500 members’ benefits with Rothesay Life, the majority of which relate to deferred members.
There have now been a total of over 50 buy-in and buyout deals of over £500m announced since 2007. The full list is as follows...
Longevity swap usage is expected to grow further as more reinsurers enter the market to hedge the risk of deferred members, according to Mercer.