Just Group has launched its inaugural green bond, raising £250m and becoming the first UK insurer to launch such an asset.
The latest figures on retirement income from the Financial Conduct Authority (FCA) raise concerns about the long-term sustainability of pension payments, according to Just Group.
The Leonardo Electronic Pension Scheme has concluded a £160m pensioner buy-in with Just Group in the scheme’s first risk transfer exercise.
The Sportech Pension Scheme has entered into an agreement with Just Group for a £2.5m buy-in ahead of a planned buyout.
Around £17.5bn of buy-ins and buyouts were transacted in the first half of the year as market records continue to tumble.
Just Group has completed a £158m pensioner buy-in with the Wyeth Group Pension and Life Assurance Scheme, bringing its total bulk annuity sales for 2018 to £1.3bn.
Bulk annuity sales at Just Group have nearly doubled, with total deals amounting to nearly £1.1bn, the insurer's nine-month results reveal.
Just and the International Longevity Centre (ILC) UK have joined forces to develop creative solutions to tackle vulnerability in later life.
Just under 200,000 people accessed their pensions using Freedom and Choice in the third quarter of the year, HM Revenue and Customs figures have revealed.
Research commissioned by Just has found that 75% of people believe financial guidance or advice should be compulsory when deciding how to use pension benefits.
Withdrawals have hit £10bn barrier
De-risking deals hit £10.2bn last year thanks to a busy second half as concerns over Solvency II waned, according to Lane Clark & Peacock (LCP).
The Land Securities Group of Companies' defined benefit (DB) pension fund has bought out around three quarters of its liabilities through a buy-in with Just.
JRP Group has revealed its defined benefit (DB) de-risking sales were 24% down in 2016 compared to 2015 due to stagnation following a rush to beat incoming Solvency II requirements.
One of the major players in the de-risking market, JRP Group, has rebranded as Just.