The Alcatel-Lucent Pension Scheme has completed a £300m pensioner buy-in with Aviva.
UK defined benefit schemes ended 2015 with an aggregate deficit of £228bn after another difficult year, according to research from JLT Employee Benefits.
Legal and General (L&G) has completed its first medically underwritten bulk annuity deal with a £230m transaction with an unnamed scheme
Lincoln Pensions has appointed BDO's Richard Farr as a managing director.
The Institute of Chartered Accountants Staff Pensions Fund has insured £30m of liabilities through its second medically underwritten buy-in in under two years.
Pension professionals believe the industry spends too much time dealing with problems that affect a small number of high earners, according to PP research.
Martin Boniface has been made executive director at JLT Employee Benefits and will be responsible for running the trustee and corporate consulting arm of the business.
Active membership of defined benefit (DB) schemes has remained stable in the last year dropping by just 3.4% according to the Purple Book.
Trustees and their advisers can do little to plug deficits of defined benefit (DB) schemes in the face of market forces which are beyond their control, says Andrew Warwick-Thompson.
Deficits of UK defined benefit (DB) schemes rose £36bn to £264bn last month as a result of falling interest rates, figures show.