buyout
Risk Reduction
Legal & General Assurance Society has acquired closed UK annuity buy-out company Lucida from LCM Holdings in a deal worth £151m.
26 June 2013
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Risk Reduction
The Imperial Home Decor scheme has agreed a £5m medically underwritten buyout of its defined contribution (DC) section in the first such deal to be publicly announced.
17 June 2013
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Risk Reduction
The market for buy-ins and buyouts in 2012 is likely to exceed the £5bn of business conducted in each of the last few years, according to research from Aon Hewitt.
10 June 2013
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Risk Reduction
Orthopaedic firm Smith & Nephew has entered into a buy-in with Rothesay Life for its two defined benefit (DB) schemes covering £190m of liabilities.
29 May 2013
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Risk Reduction
The First Quench Pension Fund has secured a £160m buy-in that will keep the 2,000-member scheme out of the Pension Protection Fund (PPF).
22 May 2013
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Risk Reduction
The bulk annuity market enjoyed a brisk start to the year according to consultants and providers, with £876m of transactions completed in the first quarter.
17 May 2013
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Risk Reduction
Just over half of respondents were concerned there was insufficient competition in the bulk annuity market, while 37% said the dominance of a handful of big players was not worrying.
03 May 2013
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1 min read
Risk Reduction
The bulk annuity market in 2012 was dominated by three big players, who hoovered up more than three quarters all new business according to research from Aon Hewitt.
25 April 2013
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Risk Reduction
Last year's dip in the buy-in and buyout market was due to trustees focusing on triennial valuations and schemes being unprepared to transact, say insurers.
18 April 2013
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