NN Life has completed a €13.5bn (£12.1bn) longevity transaction covering a portfolio of annuity policies for over 200,000 pensioners and dependents.
The transaction will reduce the Dutch insurer's exposure to longevity risk and further strengthen its capital position under Solvency II.
The deal was advised by Aon - which provided the insurer advice on portfolio-specific best estimate longevity assumptions, ran a broking process and put in place a high-resolution transaction cashflow model to ensure consistent pricing.
Pension savers could see a faster recovery of monies lost during the Covid-19 pandemic by increasing contributions ahead of a market rebound, according to research from PensionBee.
The number of deaths registered for week 20 (9 May to 15 May) of the year in England and Wales is slightly higher than the figure for week 19 due to a backlog of registrations.
David Fairs is making a bid to complete 52 10k cross training sessions in a bid to raise £10,000 for Sarcoma UK.
Ahead of stepping down as senior partner next week, Nick Salter tells James Phillips about building Barnett Waddingham up to £100m in turnover, his client-first mantra, and his desire for greater consumer trust.
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