bulk annuity
Risk Reduction
Twelve years after its funding level was hit severely by the global financial crisis, the GHG pension scheme completed a £150m buy-in amid the Covid-19 economic chaos. James Phillips speaks to the key players about the journey.
19 June 2020
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19 min read
Risk Reduction
The 3i Group Pension Plan has agreed a £650m buy-in with Legal & General (L&G), insuring the remaining benefits within the scheme.
27 May 2020
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2 min read
Risk Reduction
Legal & General has agreed two bulk annuity deals worth £116.2m with UK- and US-based IHS Markit schemes.
13 May 2020
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2 min read
Risk Reduction
The Co-operative Pension Scheme (Pace) has entered into its fourth bulk annuity transaction of 2020, agreeing a £350m buy-in with Aviva.
13 May 2020
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1 min read
Risk Reduction
After a bumper year, insurers are now facing a slower and smaller pipeline as schemes grapple with Covid-19, writes James Phillips.
04 May 2020
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18 min read
Risk Reduction
The Leonardo Electronic Pension Scheme has concluded a £160m pensioner buy-in with Just Group in the scheme’s first risk transfer exercise.
29 April 2020
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1 min read
Risk Reduction
Around £25bn of buy-ins and buyouts are set to be transacted this year despite the Covid-19 challenges, according to Lane Clark & Peacock (LCP).
17 April 2020
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2 min read
Risk Reduction
Castings has agreed a £72m buy-in contract for its two defined benefit pension schemes with Aviva.
01 April 2020
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1 min read
Risk Reduction
The fall in pricing of credit assets due to Covid-19 has made bulk annuities more affordable for schemes with significant gilt holdings, according to XPS Pensions.
25 March 2020
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1 min read
Industry
The Pension Insurance Corporation (PIC) boosted its financial investments last year by nearly £10bn to £40.9bn, up from £31.4bn the year prior, according to its full-year results.
09 March 2020
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2 min read
