buyout

Industry figures are expecting a host of de-risking insurance deals to be undertaken by "quasi-public sector" schemes in the coming months.

FTSE350 buyout liabilities are surging towards £1trn forcing schemes to abandon buyout plans and move forward with alternative de-risking strategies, Aon Hewitt says.

Trustees of the Morris Ashby Limited Pension Scheme have completed a £38m buyout deal with Pension Insurance Corporation removing its liabilities from the Pension Protection Fund.

The Nova Chemicals UK Pension Plan has agreed a £30m buyout with Pension Corporation covering the liabilities of its 155 members.

Scheme risk transfer deals totalling £1.4bn were completed last quarter with five providers concluding business in excess of £150m, Hymans Robertson analysis finds.

The aggregate pension deficit for the UK's biggest companies dropped by 63% in the last year thanks to shifting indexation measures and continuing high levels of employer contributions.

Pensions de-risking business slumped by 78% in the first quarter of this year despite a high level of activity in the market, research shows.

Kesa Electricals has cut the liabilities of its UK pension scheme by more than £20m through enhanced transfer and buyout exercises.

Despite buyout pricing appearing to be attractive once again, are schemes really in a position to take advantage of this or will 2011 be another missed opportunity?

Trustees of the Toray Textiles Europe Pension Scheme have entered into a £63m pension insurance buyout with Pension Corporation.