buyout

Almost 100 bulk annuity and longevity swap deals worth more than £50m have taken place in the UK since 2007 as part of an international trend, Mercer research says.

The volume of bulk annuity business written in the first quarter of the year dropped by 85% compared to the final quarter of 2011, says Aon Hewitt.

Employers are accepting more responsibility for schemes but lack understanding of de-risking strategies, MetLife says.

Pension Corporation has completed the buyout of an ancient merchant trade association's defined benefit pension scheme.

Insurance companies are now providing benefits for more than 500,000 UK defined benefit members after a record year for buyout and buy-ins, research shows.

Lane Clark & Peacock has unveiled a fixed-fee pensioner buy-in service in a bid to make smaller buy-ins cheaper for trustees and scheme sponsors.

Pension Corporation captured £600m of new business last year taking its number of policy holders to 55,000, but saw its annual profits tumble.

UK schemes have hedged longevity risk for 10% of pensioner members after conducting a record £12.4bn in risk transfer deals last year, according to Hymans Robertson research.

High-tech manufacturer Denso has entered into a ground-breaking buyout with Pension Insurance Corporation to insure the benefits of two schemes remaining open to future accrual.

The Pensions Regulator has released details of its involvement in the ground breaking Uniq Pension Scheme restructuring deal as the fund confirms its PPF assessment withdrawal.