buyout

Favourable market conditions mean buyout prices are at their most reasonable since before the collapse of Lehman Brothers in 2008, Pension Insurance Corporation says.

The Radius Systems pension scheme has undertaken a full buyout with Rothesay Life in a deal below £100m.

Buyout deals totalled £8.1bn last year, with £1.6bn of this business written in Q4 alone, research by JLT Pension Capital Strategies shows.

Pension Corporation saw a £54m reduction in new business value last year due to quieter market conditions, preliminary results show.

The trustees of the £700m Honda Group UK Pension Scheme have insured part of the scheme in a buyout agreement with Pension Insurance Corporation.

Regulatory focus on plugging scheme deficits quickly is "unhelpful" and could actually damage businesses and pension funds, Hymans Robertson warns.

Pension buyouts are set to break all records next year, after deals for the first three quarters of 2010 exceeded all of 2009, Pension Capital Strategies says.

Increasing numbers of firms are closing defined benefit schemes to future accrual as they struggle to meet obligations, Lucida says.

Timber merchant Arnold Laver has addressed its £43m pension scheme liabilities by undertaking a buyout with Pension Insurance Corporation.

About two-thirds (65%) of buyout deals conducted in the first half of this year involved premiums of less than £10m, Mercer research finds.