bulk annuity
Pfizer scheme enters £100m buy-in with Scottish Widows
Trustees of the Monsanto Pension Plan have agreed a £100m buy-in, protecting benefits for around 150 pensioners.
How PGL's longevity swap was converted into a buy-in
Phoenix Group's senior corporate pensions actuary Richard Zugic speaks to PP about how a longevity swap was transformed into a bulk annuity for the PGL Pension Scheme in the first deal of its kind.
Phoenix Life's £1.2bn buy-in for own scheme is biggest transaction for 2016
Phoenix Life has announced it completed a buy-in for its UK defined benefit (DB) scheme last December, making it the largest de-risking transaction of the year.
Akash Rooprai appointed head of pensions risk management at Capita Employee Benefits
Capita Employee Benefits has appointed Akash Rooprai as head of pensions risk management.
Solvency II shifts timing and pricing of de-risking deals
Solvency II regulations have caused a shift in the timing of buy-in and buyout transactions, as well as asset sourcing, according to Aon Hewitt.
Buy-in market celebrates 10th anniversary
It has been 10 years since the first pensioner buy-in was completed. Helen Morrissey looks at how the industry has evolved.
Annuity deals hit £18bn in 2016
The total value of annuity deals was 30% higher in 2016 than at the previous market peak in 2014, Aon Hewitt's UK Risk Settlement Bulletin has revealed.
Aliaxis enters £36m medically-underwritten bulk annuity
Just Retirement and Aliaxis have agreed a £36m medically-underwritten bulk annuity deal in a bid to reduce longevity risk exposure.
Will 2017 be the biggest year yet for de-risking?
LCP's de-risking report predicts the market for buy-ins and buyouts could top £15bn in 2017. Helen Morrissey takes a closer look.
25 years on, Barber equalisation is still causing major headaches
Equalisation problems from the 1990s are increasingly coming out of the woodwork as more schemes go down the bulk annuity route. The consequences can be enormous but there are ways to tackle it, writes Stephanie Baxter
PPF brings in s143 and s179 assumption changes
The Pension Protection Fund (PPF) has put into effect changes to actuarial assumptions used in sponsor insolvencies and to calculate risk-based levies.
AG Barr completes £35m buy-in with Canada Life
The trustee of soft drinks manufacturer AG Barr's defined benefit scheme has insured 50% of its total pensioner liabilities through Canada Life.
Will future demand for bulk annuities squeeze supply?
With demand for bulk annuities predicted to reach £350bn by 2026, supply may not be able to keep up, which could push up pricing. Kristian Brunt-Seymour looks at whether it is an issue and what it means for schemes.
L&G adds to bulk annuity and longevity insurance team
Legal & General's (L&G) pension risk transfer business has hired Frankie Borrell from Partnership.
PPF proposes changes to s143 and s179 valuation assumptions
The Pension Protection Fund (PPF) has launched a consultation on changes to actuarial assumptions in valuations used in sponsor insolvencies and to determine risk-based levies.
Aon launches service to help schemes with bulk annuity purchases
Aon Hewitt has launched a broking service called Bulk Annuity Compass to help schemes with the purchase of a bulk annuity.
Four insurers set to enter bulk annuity market by 2021
The number of bulk annuity market participants is expected to rise by 57% over the next five years according to Barnett Waddingham.
Amey enters £65m bulk annuity with Just Retirement
The trustees for Amey OS Pension Scheme have agreed two separate buy-in policies with Just Retirement, worth a total of £65m.
Have deferred members been priced out of bulk annuities?
Deferred members dominate the DB universe but the high cost of insuring them makes bulk annuities out of reach for many schemes, even more so since the introduction of Solvency II. Kristian Brunt-Seymour explores what schemes can do.
Bulk annuity market slumps in H1 after bumper 2015
Buy-in and buyout deals slowed down in the first six months to £2.7bn, which is just over half of business written in H1 last year, according to LCP.
'Temporary bulk annuities' could help schemes meet cash flow needs
Defined benefit (DB) pension schemes could have access to much-needed cash flow through a short-term equivalent of a buy-in service, according to PwC.
Industry rejects returning PPF surplus funds to levy payers
Any surplus funds the Pension Protection Fund (PPF) accumulates should not be returned to the levy payers who provided them, according to almost 60% of respondents.
Aegon agrees annuity referral deal with L&G
Aegon has agreed an annuity referral partnership with Legal & General (L&G) as part of the insurer's plans to stop writing all new annuities in the fourth quarter.
Have your say: Is Theresa May's government downgrading pensions?
This week we want to know if Theresa May's (pictured above) government is downgrading pensions and if capital adequacy requirements for master trusts could make them insolvent.
