bulk annuity
DB deficit could be halved by adopting new 'end-game' solutions
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
L&G completes £285m buy-in with Fortune 500 company
A US company has completed a £285m pensioner bulk annuity for around 1,100 of UK members with Legal & General (L&G).
L&G transacts £507m bulk annuities in quieter H1 but expects 'exceptionally busy' H2
Legal & General (L&G) has announced bulk annuity sales in the first half were £1bn lower than last year, but it expects another £7bn of deals in the second half.
Just Group's bulk annuity sales up 143% in H1
Bulk annuity deals transacted by Just Group totalled £718m in the first half of this year compared to £296m in H1 2017, according to its latest results.
IET pension scheme completes £50m buy-in with PIC
The Institution of Engineering and Technology (IET) pension scheme has insured £50m of pensioner liabilities through a buy-in with Pension Insurance Corporation (PIC).
Siemens completes £1.3bn pensioner buy-in
The trustees of the Siemens defined Benefit (DB) scheme have completed a buy-in with Pension Insurance Corporation (PIC), covering around 6000 members.
How Toshiba agreed a £170m deferred member buyout
The Toshiba Pension and Assurance Scheme has completed a £170m deferred member buyout. Stephanie Baxter looks at the details of the deal.
Aon grows risk settlement team with hire from Scottish Widows
Aon has appointed Mike Edwards as a partner in its risk settlement team to support the growth of its business offerings in the UK.
Exclusive: Post Office completes £450m buy-in with Rothesay Life
Post Office has agreed a £450m bulk annuity for its section of the Royal Mail Pension Plan, insuring all 5,700 members with Rothesay Life.
Hymans Robertson expands risk transfer team with partner hire from Prudential
Hymans Robertson has appointed Michael Abramson as a partner and risk transfer specialist to grow its risk reduction offerings.
Hymans Robertson grows pension risk transfer team
Hymans Robertson has appointed Baljit Khatra as a risk transfer consultant as the firm prepares for the busiest year ever for the bulk annuity market.
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.
