Schemes told to address data, governance, and investment strategy to secure de-risking terms
Improved DB funding and rising interest rates increased bulk annuity deals by 50% in H1
Schemes should evaluate six key factors ahead of a potential buy-in or buyout transaction
The full scheme buy-in insures the benefits of 4,800 pensioner and deferred members
Buy-in secures liabilities for 425 pensioners and 150 deferred members
Buy-in and buyouts predicted to be around £25bn for second half of the year
Second deal for two-section scheme sees all members’ benefits now insured
Deferred-heavy deal completed at the end of 2021 in midst of ‘intense market’ conditions
Around 1,200 members were covered by the deal, with 80% of scheme now insured
Despite subdued market 2021 also expected to be third busiest year after H2 stampede