Three funds including a Singaporean sovereign wealth fund have agreed to acquire a combined 64% stake in Rothesay Life from Goldman Sachs.
Funds aiming for buyout are targeting a "false objective" that constrains allocation to illiquid assets, Russell Investments managing director of client strategy and research Sorca Kelly-Scholte says.
The MF Global UK Pension Fund has left Pension Protection Fund (PPF) assessment after the scheme's trustees secured a £52m buyout with Pension Insurance Corporation (PIC).
The winding up of defined benefit (DB) schemes has led to increased demand for pension trustee liability insurance, the Occupational Pensions Defence Union (OPDU) says.
Hymans Robertson has launched a fixed-fee service for small to medium-sized schemes looking at medically underwritten buy-ins.
Jack Jones looks at what is behind the surge in buy-ins this year
Pension Insurance Corporation (PIC) is weighing up a £1.2bn flotation to raise fresh capital to support its rapid growth, according to reports in The Daily Telegraph.
The volume of bulk annuity transactions this year has already exceeded the 2012 total thanks to a flurry of large deals completed by Rothesay Life and Pension Insurance Corporation (PIC).
Trustees of the Christopherson (FS) Pension Scheme have agreed a £55m buyout for its members with Pension Insurance Corporation (PIC).
Smiths Group has struck a fourth buy-in for its TI Group Pension Scheme, in a £170m deal with Pension Insurance Corporation (PIC) that takes its total insured liabilities to more than £800m.