The number of FTSE 100 defined benefit (DB) schemes at least 80% funded on a buyout basis almost doubled over 2016, according to Lane Clark & Peacock (LCP).
The Smiths Industries Pension Scheme has completed a £207m buy-in with Canada Life to insure pensioner benefits.
The Pearson Pension Plan has agreed two buy-ins worth £1.2bn and has laid the groundwork for more bulk annuity contracts in the future.
Pension Insurance Corporation (PIC) has agreed a £590m buy-in to insure all pensioner liabilities in the Wolseley Group Retirement Benefits Plan.
Phoenix has confirmed it will enter the buy-in and buyout market on an "incremental" basis after completing its first buy-in with its own pension scheme in 2016.
2017 marks Legal & General's 30th year in the bulk annuity market. In this article Ashu Bhargava discusses how pricing has evolved in that time, ultimately giving pension scheme trustees greater opportunities than ever to de-risk.
Vesuvius has signed a £15m deal with Pension Insurance Corporation (PIC) to insure further pensioner members in its UK defined benefit (DB) scheme.
2017 marks Legal & General's 30th year in the bulk annuity market. In the first of three articles, Ashu Bhargava reflects on some of the key changes in the industry over the past three decades