bulk annuity

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.

A majority of respondents believe the British Steel Pension Scheme will end up going into the lifeboat fund.

Aegon has sold a £6bn UK annuity portfolio to Rothesay Life in a bid to focus on expanding its investment platform.

PP looks at how the Just Retirement and Partnership merger could impact market competition.

Volatility of bulk annuity pricing is likely to continue in the coming months amid difficult market conditions according to Aon Hewitt.

The Kingfisher Pension Scheme has undergone a £230m medically underwritten buy-in with Legal & General (L&G) in a landmark deal for the bulk annuity market.

Pension Insurance Corporation (PIC) has written £900m of bulk annuity premiums in the first quarter of 2016 according to its end of year results.

The bulk annuity market had a record final quarter in 2015 as buy-in and buyout deals totalled £5.4bn, according to LCP.