Clive Wellsteed
ICI secures £70m of benefits in ninth buy-in with L&G
The ICI Pension Fund has completed its ninth buy-in with Legal & General (L&G), insuring a further £70m of benefits and bringing total insured benefits with L&G to around £5.8bn.
Tate & Lyle secures £930m buy-in with L&G
The Tate & Lyle Pension Scheme has completed a £930m full buy-in with Legal & General (L&G), insuring benefits for around 4,800 members.
Pearson scheme completes £500m buy-in with L&G
The Pearson Pension Plan has entered into a £500m pensioner buy-in with Legal & General (L&G) in the insurer's first deal of 2019.
Scottish Widows completes £1.3bn longevity reinsurance deal with Prudential Financial
Scottish Widows has reinsured the longevity risk for around £1.3bn of its bulk annuity liabilities with The Prudential Insurance Company of America (PICA).
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.
Pearson scheme enters £1.2bn buy-ins with Aviva and L&G
The Pearson Pension Plan has agreed two buy-ins worth £1.2bn and has laid the groundwork for more bulk annuity contracts in the future.
Webinar: Derisking in a post-Brexit, low-yield world
Professional Pensions is hosting a video webinar on the post-referendum outlook for pension schemes on Wednesday, 23 November, 2016 at 11am.
The road to buyout: Seven risk reduction consultants have their say
PP asks seven leading risk reduction consultants about deal affordability, the risk reduction exercises being conducted at the moment and how schemes can prepare for a transaction
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.
ICI completes post-Brexit £750m buy-in
The ICI Pension Fund has revealed it saved £10m by completing its latest buy-in with Legal & General (L&G) shortly after the EU referendum.
How we won the UK Pensions Awards… LCP
In the second part of our series looking at what firms did to win accolades at this year's UK Pensions Awards, PP speaks to LCP partner Clive Wellsteed about how the firm won the Risk Reduction Adviser of the Year category.
Unilever scheme agrees £129m buy-in
The Uniac Pension Fund, which provides benefits for Unilever workers seconded overseas, has agreed a £129m buy-in with Legal & General (L&G) to cover its pensioner members.
Total scheme secures £1.6bn buy-in
The Total UK Pension Plan has insured £1.6bn of pensioner liabilities with Pension Insurance Corporation (PIC) in the second largest UK bulk annuity transaction to date.
Philips Pension Fund seals £484m buy-in
Trustees of the Philips Pension Fund have exchanged holdings of gilts and cash for a buy-in covering £484m of the 33,000-member scheme's liabilities.
Half a million members covered by buyouts or buy-ins
Insurance companies are now providing benefits for more than 500,000 UK defined benefit members after a record year for buyout and buy-ins, research shows.
Scheme buy-ins are at the best price since 2008 - LCP
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.
Buyout market to hit £15bn this year
Buyout prices will rise as demand for pension scheme de-risking grows, Lane Clark & Peacock warns.
One-off member payments increase as firms de-risk
The number of firms giving members the chance to take pension increase offers is set to rise significantly this year, a consultant says.
