The trustees of the Dynochem UK Pension Scheme have concluded a £15m buyout of pensioner liabilities and 100 members with the Pension Insurance Corporation (PIC).
Defined benefit (DB) schemes in the UK pay considerably more to offload liabilities to an insurer than schemes in other countries, according to research from Mercer.
Trustees should explore reshaping benefit structures before entering into a buyout to avoid paying over the odds for inflation hedging, say consultants.
Jack Jones examines whether there are benefits for early movers in the medically underwritten bulk annuity market
Three investors have completed a deal to buy a two-third stake in Rothesay Life from parent company Goldman Sachs, after receiving regulatory approval.
Schemes concluded a record £3.9bn of buyouts and buy-ins in the third quarter of 2013, says JLT Employee Benefits.
Jonathan Stapleton says there are few options for bargain hunters
Deloitte plans to launch a service to help schemes move to flexible defined benefit (DB) structures in order to obtain better buyout deals.
Partnership has named former Aviva bulk annuity deal manager Andy Morley as national account manager for de-risking solutions.
Basel III is encouraging financial services companies to consider defined benefit (DB) scheme buyouts and buy-ins to move liabilities off their balance sheets, experts say.