Insurer takes on risk for 45 employees of builders merchant
Existing LGIM client agrees deal for 2,000 pensioner and deferred members
Pensioner-only transaction forms part of insurer’s first half bulk annuity deals
Deal agreed 13 years after first buy-in between the scheme and insurer
Small scheme succeeds in crowded bulk annuity market with streamlined solutions
Childcare safety product vendor insures 300 pensioner members in just 11 days
But operating profit and bulk annuity sales drop from the same period of 2020
Dearth of deals in bulk annuity market allow scheme to accelerate its timeline
Treasury sets out plans for Solvency II reforms with a desire to improve asset and risk options
Deferred members comprised the majority of the insured 530-person cohort