bulk annuity
Risk Reduction
Fewer pension schemes are targeting self-sufficiency as their long-term objective while bulk annuity pricing improves and the consolidation market opens up.
08 October 2020
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2 min read
Risk Reduction
Around £50bn of risk will be transferred to the bulk annuity and longevity swap market by the end of the year despite a slow start to the market, Aon says.
05 October 2020
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2 min read
Risk Reduction
The Marathon Service (GB) Limited Pension and Life Assurance Scheme has completed a £610m full buy-in with Rothesay Life, covering the benefits of more than 1,400 members.
01 September 2020
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2 min read
Risk Reduction
Just Group completed £460.3m of bulk annuity deals in the six months to 30 June, its half-year results have revealed.
13 August 2020
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2 min read
Risk Reduction
The Littlewoods Pensions Scheme has completed a buy-in covering just under £930m of around 6,500 members’ benefits with Rothesay Life, the majority of which relate to deferred members.
12 August 2020
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3 min read
Industry
Phoenix Group has reported a £36m increase in group operating profit in the first six months of this year, as well as strong cash generation of £433m.
06 August 2020
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2 min read
Industry
Aviva’s operating profit fell by 11% in the first half of the year as Covid-19 hit business activity, although a growth in bulk annuity sales partially offset the drop.
06 August 2020
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3 min read
Risk Reduction
The LV= Employee Pension Scheme has agreed a buy-in of around £800m with Phoenix Life after converting an existing longevity swap.
28 July 2020
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3 min read
Risk Reduction
Sponsors whose pension schemes complete buy-ins or buyouts tend to outperform their peers by between 0.25% and 3% on average, Mercer research finds.
25 June 2020
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2 min read
Risk Reduction
Covid-19 has caused a slowdown in the number of bulk annuity transactions, with buy-ins and buyouts expected to amount to a maximum of £25bn this year, Willis Towers Watson says.
22 June 2020
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2 min read
