The Co-operative Pension Scheme, known as Pace, has completed a £1bn buy-in with Aviva in the first announced bulk annuity deal of 2020.
The deal, announced today (29 January), covers the liabilities of around 7,000 members and 12% of scheme assets, removing the investment and longevity risk associated with them. Aviva was selected after...
Castings has agreed a £72m buy-in contract for its two defined benefit pension schemes with Aviva.
Multinational communication services giant WPP has completed a £250m buy-in for two of its pension schemes with Pension Insurance Corporation (PIC) as the insurer celebrated a “healthy pipeline” of deals amid the Covid-19 outbreak.
Many key pension scheme risks fall outside the IRM framework and are therefore often left unmitigated. Matthew Giles looks at how to tackle these areas.
The fall in pricing of credit assets due to Covid-19 has made bulk annuities more affordable for schemes with significant gilt holdings, according to XPS Pensions.
While market conditions may have put a dent in your de-risking plans, there is still plenty of preparation you can do and opportunities to take advantage of, says Michael Abramson.