Legal & General (L&G) has reinsured the longevity risk relating to £1.35bn of bulk annuity contracts with Prudential Retirement Insurance and Annuity Company (PRIAC).
L&G holds £24.6bn in bulk annuity assets as of June 30 2014 and has completed £3.1bn in new transactions in the half year to June 30 2014. The transaction will pass on the longevity risk associated...
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point