The bulk annuity market will hit £20bn in the next few years, driven by growing appetite from insurers and the maturing of defined benefit (DB) schemes, says KPMG.
Legal and General Investment Management (LGIM) has launched a fiduciary management service alongside a set of funds aimed at schemes targeting a buyout.
Pension Insurance Corporation (PIC) increased its operating profit by 200% in the first half of the year following a string of new bulk annuity contracts.
Which are the largest schemes to have been offloaded to insurance companies?
Vestey Group has offloaded the £500m Western United Group Pension Scheme after completing a third bulk annuity deal with Rothesay Life.
Rothesay Life has secured a longevity swap with US reinsurer Prudential to cover the members of 93 schemes it has insured.
Jack Jones looks at the options that are open to schemes
The value of buy-in and buyout deals completed in the first half of the year was four times higher than in the same period last year, research shows.
The trustees of the Miki Travel Limited Pension & Assurance Scheme have secured a buyout with Pension Insurance Corporation (PIC).
Aon Hewitt and Eversheds have launched a fixed-fee service to make completing a buy-in or buyout cheaper and quicker.