The bulk annuity market had a record final quarter in 2015 as buy-in and buyout deals totalled £5.4bn, according to LCP.
This was mainly driven by pension schemes and insurers rushing to close transactions before the introduction of Solvency II on 1 January 2016. This European regulation introduced tougher capital buffers...
Industry Voice: Sponsored by Eaton Vance
Alan Pickering says politicians should have the freedom to redefine what is meant by 'absolute'
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.