Legal and General (L&G) has reinsured $800m (£598m) of longevity risk relating to pension liabilities in its bulk annuity business through Prudential Retirement Insurance and Annuity Company (PRIAC).
The deal covers over 2,000 pensioners, and makes it PRIAC's sixth transaction with L&G that in total has reinsured nearly $8bn (£6bn) in longevity risk. Prudential Retirement vice president of product...
The trustees of GKN Group's Pension schemes have warned Melrose Industries about its recent the pension funding position, following a bid to take over its the business.
Hymans Robertson has appointed Baljit Khatra as a risk transfer consultant as the firm prepares for the busiest year ever for the bulk annuity market.
Just and the International Longevity Centre (ILC) UK have joined forces to develop creative solutions to tackle vulnerability in later life.
Four in five members of UK pension schemes do not know how to utilise savings pot for retirement, according to research by MFS International.