Partnership has completed a £22m medically underwritten buy-in with an unnamed scheme, in the largest enhanced bulk annuity transaction to date.
Taha Lokhandwala looks at the detail of InterContinental’s £440m buyout deal
Jack Jones analyses the latest trend in the longevity swap market.
UBS and Nomura have followed Credit Suisse in pulling out of the longevity swap market, citing capital requirements and regulatory changes, PP understands.
Pensioner buy-ins are becoming increasingly attractive relative to holding gilts for pension funds, according to a price tracking service launched by Hymans Robertson.
Jack Jones investigates the develoment of longevity swaps
Legal & General intends to extend the longevity swap market to cover smaller schemes, after completing a £1bn deal with the Pilkington Superannuation Scheme.
Pension schemes are considering whether to exchange gilt holdings for buy-in insurance policies as yields fall to record lows, Hymans Robertson says.
Analysis of the longevity swap market
Rolls-Royce has become the tenth scheme to complete a longevity swap. PP takes a look at the deals so far.
More than £2bn of pension fund liabilities was transferred in the third quarter of the year through buy-ins, buyouts and longevity swaps, Hymans Robertson analysis shows.
Industry figures are expecting a host of de-risking insurance deals to be undertaken by "quasi-public sector" schemes in the coming months.
Scheme sponsors are expected to take advantage of "enhanced buy-ins" to significantly reduce the cost of buy-ins, industry figures say.
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.
The pension scheme risk transfer market is set to grow a further £20bn over the next 18 months, Hymans Robertson figures predict.
Hymans Robertson has promoted seven members of staff from across its practices to partner.
Rothesay Life has bought a majority holding in Paternoster following a four-month sale process.
A record £12.5bn risk transfer deals were done in the first half of the year and a quarter of major firms will de-risk by 2012, Hymans Robertson predicts.
The value of buy-in and buyout exercises in Q2 is expected to exceed the £1bn mark for the second consecutive quarter, Hymans Robertson says.
Schemes could take advantage of a "quirk" in government bond markets to fund a longevity swap deal this summer, a consultant says.
Pension schemes transferred more than £4bn of liabilities in Q1 making it the highest ever quarter for risk transfer, Hymans Robertson says.
UK - Pension schemes transferred more than £4bn (US$6bn) of liabilities in Q1 making it the highest ever quarter for risk transfer, Hymans Robertson said.
A surge in gilt rates is set to cut the cost of buyouts and reduce scheme deficits by 6%.
Some £7.8bn of pension scheme risk transfer deals completed in 2009, despite challenging financial landscape, analysis from Hymans Robertson reveals.