Charlie Finch
Bulk annuity market on course for second busiest year after £12.6bn first half
Around £12.6bn of buy-ins and buyouts were completed in the first half of 2020 despite the onset of the Covid-19 pandemic, according to Lane Clark & Peacock (LCP) analysis.
Bulk annuity volumes still to hit £25bn this year
Around £25bn of buy-ins and buyouts are set to be transacted this year despite the Covid-19 challenges, according to Lane Clark & Peacock (LCP).
Bulk annuity market breaks yet another record with £17bn of first half deals
Around £17.5bn of buy-ins and buyouts were transacted in the first half of the year as market records continue to tumble.
Bulk annuity transactions will top £15bn in H1, predicts LCP
Lane Clark and Peacock (LCP) has predicted the total volume of buy-ins and buyouts will surpass £15bn in the first half of this year, more than double 2018 H1 volumes.
FTSE 100 buyouts 'could boom to £300bn' over next decade
The volume of insured buyouts from FTSE 100 defined benefit (DB) schemes could increase from £5bn to £300bn by 2029, according to Lane Clark & Peacock (LCP).
A clear direction of travel: How scheme de-risking will evolve in 2019
Two consultancies predict a further acceleration in the bulk annuity market in 2019. Kim Kaveh looks at what schemes should consider.
BA deal marks 'new chapter' for risk reduction market; £20bn-plus of transactions expected this year as megadeals continue
The Airways Pension Scheme's £4.4bn buy-in with Legal & General, announced this morning, is set to mark a 'fundamental shift' in market dynamics with deal volumes of £20bn-plus for 2018 now looking possible, consultants say.
Bulk annuity market in record-breaking first half
Around £8bn of buy-ins and buyouts were completed in the first half of this year, writing the highest volume of deals of any first half to date.
Latest CMI model reveals clear trend in life expectancy
Mortality continues to show a steady decline in improvement, well below previous estimates. Victoria Ticha explores industry's reaction to the new CMI model
Exclusive: Post Office completes £450m buy-in with Rothesay Life
Post Office has agreed a £450m bulk annuity for its section of the Royal Mail Pension Plan, insuring all 5,700 members with Rothesay Life.
What does 2018 have in store for longevity hedging?
Schemes looking to take advantage of attractive longevity swap pricing face a number of challenges in 2018. Victoria Ticha looks at some of the key themes.
One in five FTSE 100 DB schemes at least 80% funded on buyout basis
The number of FTSE 100 defined benefit (DB) schemes at least 80% funded on a buyout basis almost doubled over 2016, according to Lane Clark & Peacock (LCP).
How schemes are embracing more innovative de-risking solutions
As schemes move towards cashflow negative status, many are looking to insure their members' liabilities. James Phillips explores creative ways to approach buy-ins
Buy-in demand to hit £50bn p/a by 2032; De-risking deals total £5.1bn in H1
Defined benefit (DB) schemes will offload around £700bn of liabilities to insurers over the next 15 years, latest analysis by Hymans Robertson has suggested.
A dip or a blip: What do falling life expectancies mean for DB schemes?
Mortality improvements have declined for yet another year, ducking previous estimates. James Phillips explores what this means for pension schemes
Buy-ins and buyouts top £10bn for third year in row
De-risking deals hit £10.2bn last year thanks to a busy second half as concerns over Solvency II waned, according to Lane Clark & Peacock (LCP).
How we won the UK Pensions Awards... LCP
As part of our series looking at what firms did to win accolades at the UK Pensions Awards 2016, PP speaks to LCP partners Charlie Finch, Michelle Wright and Clive Wellsteed about how the firm won the Risk Reduction Adviser of the Year category.
Galliford Try completes £95m buy-in with Just Retirement
Just Retirement has undertaken a pensioner buy-in for the Galliford Try defined benefit (DB) scheme.
Solvency II drives record buy-in and buyout volumes in Q4
The bulk annuity market had a record final quarter in 2015 as buy-in and buyout deals totalled £5.4bn, according to LCP.
How will Solvency II change the bulk annuity market?
As insurers implement new capital buffers that make bulk annuities less profitable, Kristian Brunt-Seymour explores how it will impact the market.
Buy-in and buyout volumes exceed £11bn in 2015
Volumes of buy-ins and buy-outs exceeded £11bn for 2015 according to Lane Clark & Peacock (LCP).
Why some schemes could be facing more barriers to buyout
The impact of Solvency II on bulk annuity pricing will be limited, but schemes with generous options could see hefty increases, finds Jack Jones
Bulk annuity market to hit £15bn next year - but will back book business squeeze out pension schemes?
Increased insurer competition, greater regulatory certainty and easier access to capital could boost the bulk annuity market 50% next year, according to a report from LCP.
Slow first quarter for buyout market after record-breaking year
Insurers completed just £800m of buyouts and buy-ins in the first quarter of the year, according research from LCP, far below the £4.4bn written in the first quarter of 2014.
