Two consultancies predict a further acceleration in the bulk annuity market in 2019. Kim Kaveh looks at what schemes should consider.
Last year was a record one for bulk-annuity deals, with nearly £20bn of transactions announced by 2018's close. This included the £4.4bn British Airways buy-in with Legal and General, the UKs biggest bulk...
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.