The Smiths Group has cut contributions to the Smiths Industries Pension Scheme (SIPS) by 60% after a dramatic improvement in funding levels allowed trustees to de-risk its investments.
Royal Philips has completed a £2.4bn buy-in with Pension Insurance Corporation (PIC) that will enable it to wind up its scheme following earlier transactions to insure almost £1bn in benefits.
Mercer has launched a service to give clients up to date buy-in and buyout pricing based on their scheme's data.
The Trigon Snacks Pension Scheme, a hybrid arrangement which had been in Pension Protection Fund (PPF) assessment, has completed a buyout with Legal and General (L&G).
A 57% slump in individual annuity sales at Just Retirement has been largely offset by a rapid expansion of its buy-in and buyout business, according to the insurer's latest results.
Anna Rogers - the former Mayer Brown partner who co-founded ARC Pensions in June - hopes her new boutique pensions law firm will expand to 20 lawyers.
Employers could have to pay up to 10% more to buy out pension schemes after Solvency II regulations for insurers come in next year, says PwC.
Operating profits at Pension Insurance Company rose in the first six months of the year, despite a 62% drop in new business for the bulk annuity provider.
A string of mid-sized transactions have made for a record-breaking second quarter in the bulk annuity market, according to data from LCP.
The Pension Protection Fund is £3.6bn in surplus so is there potential for the lifeboat fund to begin insuring its liabilities? Natasha Browne investigates