Rothesay Life completed around £700m of bulk annuity transactions in the first half of 2019, according to its latest trading update.
The insurer has so far publically announced two deals this year - the £110m buyout with the Laird Pension Scheme in April, and a buy-in with the Teachers Assurance Group Pension Scheme for an undisclosed...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter