Pension schemes could be accidentally pushing themselves further from their endgame by agreeing “fashionable” buy-ins with insurers.
Speaking at a panel discussion this morning (25 September), Redington director of investment consulting Mette Hansen said the illiquid nature of buy-in assets reduces the potential returns for a scheme...
The British Bankers’ Association Pension Scheme (BBA) has completed a £95m bulk purchase annuity transaction with Aviva.
The 3i Group Pension Plan has agreed a £650m buy-in with Legal & General (L&G), insuring the remaining benefits within the scheme.
Pension schemes and life insurers should be prepared for a modest change to their assumptions for mortality rates in the post-Covid-19 world, an academic study suggests.
Volatile market conditions have led to a much wider range of pricing for pension scheme buy-ins and buyouts than has been seen for a decade, Aon says.
Legal & General has agreed two bulk annuity deals worth £116.2m with UK- and US-based IHS Markit schemes.