Annuities

Scottish Widows has secured its second bulk annuity deal with a £54m buy-in for Barloworld UK Pension Scheme after the insurer entered the market last year.

Aegon has sold the final third of its UK annuity portfolio to Legal & General (L&G) as part of its strategy to free up capital from non-core business.

The Chancellor's lifetime ISA (LISA) threatens to obstruct pension saving down the income scale according to Association of Consulting Actuaries chairman David Fairs.

PP explores the option of putting the British Steel scheme through the bulk annuity market.

Two thirds of people aged over 55 who have bought an annuity (68%) would be unlikely to cash it in despite being able to from next year.

Market volatility and concerns about Britain leaving the European Union are pushing people back into annuities according to eValue.

An overwhelming majority of millennials are considering including annuities in their retirement strategies according to research.

Smaller schemes are increasingly looking to benefit from longevity de-risking opportunities offered through swaps and bulk annuities, accordingly to JLT Employee Benefits.

PP looks at the importance of independent advice when doing a buy-in or buyout.

The biggest stories this week were backlash over Bentley's plans to pass NI costs onto DB members, Rothesay Life buying two-thirds of Aegon's bulk annuity book, and speculation over the future of the British Steel scheme.