buyout

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.

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Pension schemes are expected to shift a further £20bn of liabilities to insurance companies and banks over the next 18 months, according to Hymans Robertson.

Wolfson Microelectronics is to close its defined benefit pension scheme to future accrual and is working with trustees to eliminate the scheme's £10m deficit within 10 years.

The final months of last year saw a dearth of buyout activity due to uncertainty stemming from a lack of Consumer Prices Index-linked instruments, Punter Southall says.