Scottish Widows completes £2bn de-risking deals in 2019
Scottish Widows completed five bulk annuity transactions in 2019, with liabilities insured exceeding £2bn.
The figure is up on 2018, when a total of £1.8bn of defined benefit (DB) scheme liabilities were secured with the insurer. Last year's deals included an £805m buy-in with the Electricity North West...
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Prudential Retirement completes $1.7bn of longevity reinsurance
Prudential Retirement reinsured $1.7bn (£1.4bn) of UK pension scheme longevity risk in the first half of the year, it has revealed.
Using pension risk transfer to plug the UK's £1trn infrastructure gap
The money used to insure pension liabilities can help met the government’s agenda to ‘build, build, build’, says Johnny Chow
UBS completes £1.4bn longevity swap with Zurich and Canada Life
The UBS (UK) Pension and Life Assurance Scheme has hedged the longevity risk of around half its defined benefit (DB) liabilities through a £1.4bn longevity swap completed with Zurich and Canada Life Reinsurance.
Brandsby Agricultural Trading Association agrees £13m buyout with Legal & General
The Brandsby Agricultural Trading Association (BATA) has agreed a £13m buyout with Legal & General (L&G), securing benefits for all 120 members of the BATA Superannuation Pension Scheme.
IPC Media Pension Scheme agrees £290m buy-in with Rothesay Life
The IPC Media Pension Scheme has agreed a £290m buy-in with Rothesay Life, insuring benefits for around 500 pensioner members.
