The longevity swap market appeared to dry up in 2012, as new business dropped by more than two-thirds, according to data from Legal and General.
Engineering giant GKN has split its UK defined benefit scheme into two in its latest annual move to curtail scheme deficits and reduce risk, its 2012 final results reveal.
Stock market gains over the last two months have reduced deficits and put buyouts within reach of more schemes, says Aon Hewitt.
Rothesay Life has refinanced £100m of debt with MassMutual, a US mutual life insurer.
Partnership has completed two medically underwritten buy-ins in a development academics say could kick-start a £380bn market.
The SR Technics UK scheme has avoided entering the Pension Protection Fund after it was cut adrift of its sponsoring employer as part of a corporate restructuring.
Trustees hoping to secure a buyout must develop a contingency plan as the bulk annuities market could struggle to meet growing demand says a consultant.
More than £900m bulk annuity transactions were agreed between July and September 2012, bringing total business to £2.5bn in the year so far.
The use of liability driven investment strategies as a tool to move schemes towards buy-outs has fallen over the past year, SEI says.
The chance for schemes to exchange gilts for buy-ins at attractive prices is receding as the spread between gilts and corporate bonds contracts, warns Aon Hewitt.