Covid-19 and fewer large deals affected total volumes in the first half of 2021
Deal also provides inflation protection for all 7,600 members of the scheme
Clearance applications and statutory notices to members will push transfers to Q2
Third bulk annuity for the scheme after 2016 and 2018 deals with PIC and L&G
Consultants, trade bodies, and professional societies across the pensions industry have responded relatively positively to guidance from The Pensions Regulator (TPR) that has today signalled a clear start for defined benefit (DB) scheme consolidation...
The Cadbury Mondelēz Pension Fund has agreed a £520m buy-in with Rothesay Life, insuring benefits for around 1,900 pensioner members.
The Bank of America Merrill Lynch UK Pension Plan has insured benefits for 915 pensioner members in a £400m buy-in with Scottish Widows.
The Reuters Pension Fund has completed a £625m full pensioner buy-in with Canada Life in the insurer's largest ever deal.
The Rentokil Initial 2015 Pension Scheme has secured a buy-in covering 14,200 members in a £1.5bn deal with Pension Insurance Corporation (PIC).
PA Consulting has completed a full buyout of its £850m scheme with Pension Insurance Corporation (PIC).