Third bulk annuity for the scheme after 2016 and 2018 deals with PIC and L&G
Benefits for fewer than 60 members of the Tesco subsidiary scheme to head to buyout
The deal is the first announced by this insurer for 2021, with a focus on ‘value not volume’
L&G insures the benefits of around 1,200 members after working with the scheme for 12 years
Treasury sets out plans for Solvency II reforms with a desire to improve asset and risk options
Gambling company scheme prepares to wind up as insurer takes on DB policies
Deal insures liabilities for 277 members of the flavour and fragrance manufacturer scheme
The majority of sub-£250m schemes plan to achieve a buyout as their scheme’s endgame even if pricing opportunities are not necessarily in their favour, Mercer research finds.
Legal & General (L&G) has completed a £55m full scheme buy-in with the Chartered Insurance Institute (CII) Pension Scheme.
The Association of British Insurers (ABI) Pension & Assurance Scheme has insured benefits for 191 members in a £26m buy-in with Aviva.