buyout

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.

Strong asset gains and the closure of defined benefit schemes have made pensioner buy-in prices their most attractive since 2008, according to LCP research.

Scheme sponsors are increasingly transferring property to insurance companies in risk reduction deals as insurers develop innovative ways of taking on scheme liabilities, experts say.