The bulk annuity market’s ‘repeat buyers’ will continue to drive market volumes through 2020 with cautious insurers on the hunt for “a track record of successful deals”, Aon says.
Offerings from Aegon, Aviva, and Scottish Widows have taken the crown in the Financial Technology Research Centre’s (FTRC) annual workplace pensions and auto-enrolment (AE) ratings.
The impact of the coronavirus pandemic on pension savers in Britain is continuing into the second half of the year, heightening worry around funding retirement and saving adequately.
The employees at Metropolitan Thames Valley have been rolled into a single defined contribution (DC) scheme within the Aviva Master Trust solution.
Aviva’s operating profit fell by 11% in the first half of the year as Covid-19 hit business activity, although a growth in bulk annuity sales partially offset the drop.
Baroness Nicky Morgan has been appointed as a non-executive director of the board of the Financial Services Compensation Scheme (FSCS) alongside Cathryn Riley and Wendy Williams.
More than a third of savers have taken some form of action relating to their pension during the national lockdown, according to research by Aviva.
Twelve years after its funding level was hit severely by the global financial crisis, the GHG pension scheme completed a £150m buy-in amid the Covid-19 economic chaos. James Phillips speaks to the key players about the journey.
This week’s top stories included Barnett Waddingham announcing nine new partner promotions, while three accounting bodies came together to publish Covid-19 guidance for the compilation of pension scheme accounts.
While concerns around credit market liquidity have been rising since the global financial crisis, the Covid-19 sell-off has highlighted how fragile liquidity can be during periods of real stress. Colin Purdie discusses the short- and long-term implications...
The Unomedical Pension Plan has agreed to a £10m buyout of its 65 members’ liabilities with Aviva.
This week’s top stories included XPS Pensions revealing the best and worst performing fiduciary managers in Q1, while the Pensions and Lifetime Savings Association has published a template to help defined contribution trustees with annual chair’s statements....
Keen insurer pricing and streamlined services will lead to a surge in demand from smaller schemes to undertake bulk annuity transactions, Lane Clark & Peacock (LCP) predicts.
The British Bankers’ Association Pension Scheme (BBA) has completed a £95m bulk purchase annuity transaction with Aviva.
Barnett Waddingham non-executive chairwoman Elizabeth Renshaw-Ames has been named as trustee chairwoman of Aviva Master Trust.
The Co-operative Pension Scheme (Pace) has entered into its fourth bulk annuity transaction of 2020, agreeing a £350m buy-in with Aviva.
After a bumper year, insurers are now facing a slower and smaller pipeline as schemes grapple with Covid-19, writes James Phillips.
The National Pension Trust’s global equity fund has been named as the best performing growth phase default fund over one and three years in a research report published by Defaqto.
Size is important to make a bulk annuity deal stand out, but it is not the only factor, writes Gill Wadsworth.
Castings has agreed a £72m buy-in contract for its two defined benefit pension schemes with Aviva.
St James's Place, Columbia Threadneedle, BMO Global Asset Management, Legal and General Investment Management, Aberdeen Standard Investments, Kames Capital and Janus Henderson have all suspended their open-ended UK property vehicles due to valuation concerns...
Nimble footwork enables small schemes to compete with the big boys in the buyout market, says Stephanie Hawthorne.
Aviva’s bulk purchase annuity volumes increased 55% to £4bn in the year to 31 December 2019 its full year results reveal.
The Department for Work and Pensions (DWP) says it will press ahead with a 10% increase to the general levy from 1 April, despite a severe industry backlash to a consultation on the issue.