Shareholders in the fresh crop of bulk annuity buyout firms are poised to stump up more capital to meet a surge in demand, the new insurers say.
Last week, PP reported a quarter of companies attending a Watson Wyatt seminar said they were considering buying out either all or part of their scheme liabilities within the next three to five years....
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.