The impact of Solvency II on bulk annuity pricing will be limited, but schemes with generous options could see hefty increases, finds Jack Jones
The market for enhanced bulk annuities has almost hit £700m after a bumper fourth quarter in which 10% of all transactions was medically underwritten, according to research from Hymans Robertson.
Pension fund trustees are increasingly responsible for managing risk, but lack the skills to do, according to research by a pension consultancy.
Natasha Browne explores the issues trustees face
Buy-in prices have fallen by up to 3% as a result of changes announced in last month's Budget, one consultant says.
The GeoPost UK Pension Scheme has secured a £30m buy-in with Pension Insurance Corporation (PIC) to cover liabilities relating to 645 pensioner members.
The Institute of Chartered Accountants Staff Pensions Fund has secured a medically underwritten buy-in to cover its highest value pensioner members.
Three funds including a Singaporean sovereign wealth fund have agreed to acquire a combined 64% stake in Rothesay Life from Goldman Sachs.
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