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).
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.
Just Retirement and Aliaxis have agreed a £36m medically-underwritten bulk annuity deal in a bid to reduce longevity risk exposure.
Aggregate Industries Pension Plan has completed a £135m pensioner buy-in with Just Retirement.
'Annuity comparator' tool to be established
The government has reaffirmed its commitment to crack down on pensions cold calling and give firms more powers to block suspicious transfers.
‘Small number' of firms asked to review sales
The trustees for Amey OS Pension Scheme have agreed two separate buy-in policies with Just Retirement, worth a total of £65m.
Buy-in and buyout deals slowed down in the first six months to £2.7bn, which is just over half of business written in H1 last year, according to LCP.
Stephen Lowe looks at the support members are likely to need from schemes to help them navigate the complex retirement income market.
Partnership's director of defined benefit (DB) solutions Costas Yiasoumi has left the firm after two years and has been replaced by Tim Coulson.
Just Retirement has undertaken a pensioner buy-in for the Galliford Try defined benefit (DB) scheme.
The secondary annuities market will only work if the Financial Conduct Authority (FCA) puts in place adequate protections to prevent consumers being ripped off.
A quarter of a million people have taken advantage of freedom and choice since the reforms came into effect last April, according to official figures.
PP explores the option of putting the British Steel scheme through the bulk annuity market.
Smaller schemes are increasingly looking to benefit from longevity de-risking opportunities offered through swaps and bulk annuities, accordingly to JLT Employee Benefits.
A majority of respondents believe the British Steel Pension Scheme will end up going into the lifeboat fund.
This week we want to know what will happen to the British Steel Pension Scheme and will fund managers follow Neil Woodford who has stopped charging clients for research?
PP looks at how the Just Retirement and Partnership merger could impact market competition.
The biggest stories were the long-awaited Just Retirement and Partnership merger, and revelations the government could be forced to fork out £2bn for the British Steel scheme.
Just Retirement and Partnership have finalised their merger to become JRP Group which will manage a total of more than £15bn assets.
Former Financial Conduct Authority (FCA) long-term savings and pensions director Nick Poyntz-Wright has joined Just Retirement Ltd.
The bulk annuity market had a record final quarter in 2015 as buy-in and buyout deals totalled £5.4bn, according to LCP.