Mizuho Capital Markets has offloaded its hybrid pension fund through a transfer exercise and ultimately a buyout with Legal & General (L&G), following a corporate reorganisation.
Legal & General (L&G) has recorded a bumper first half of the year for de-risking deals as its business in this area more than doubled from the same period in 2016.
Longevity hedges have long been considered a hurdle to doing a bulk annuity, but a ground-breaking deal shows it doesn't have to be. Stephanie Baxter looks at why converting swaps into buy-ins is taking off.
Harry Harper has been appointed head of buy-ins and buyouts in the investment consulting division of JLT Employee Benefits.
David Brooks says consolidation is not the only option for DB schemes
De-risking deals hit £10.2bn last year thanks to a busy second half as concerns over Solvency II waned, according to Lane Clark & Peacock (LCP).
The trustees of the Alps Electric Pension Scheme have concluded a £33m buyout of its liabilities with Pension Insurance Corporation (PIC).
Cineworld has revealed it completed a buyout for its defined benefit (DB) pension scheme with Aviva Annuity UK last December at a cost of £4.8m.
Legal & General (L&G) has confirmed the sale of its investment platform Cofunds to Aegon led to a £64m impairment loss.
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.