The General Motors UK Pension Plan has entered into a £230m buy-in with Rothesay Life to cover the benefits of all of its 11,000 members.
The deal takes the volume of bulk annuity business written by Rothesay Life this year above £1bn after the insurer announced a £680m buy-in with the Merchant Navy Officers' Pension Fund earlier today (PP...
Canada Life has signed a £351m bulk annuity contract insuring the pensioner liabilities of 2,510 members and dependents in the AA UK Pension Scheme.
In this week's Pensions Buzz, we want to know if you believe there is ever a case for combining retirement savings products with other savings products, and if the PPF levy for sponsorless schemes is appropriate for DB consolidators.
The Insolvency Service has disqualified four directors of trustee firms from running companies for a total of 34 years following an investigation.