LCP

Overall, today’s statement will lead to an improvement in DB scheme funding

Trustees urged to evaluate the sponsoring employer’s financial position

The buy-in is the second between PIC and the plan, covering its remaining liabilities

A benchmark annuity will now provide an extra £36,220 income over a 20-year period

Improved DB funding and rising interest rates increased bulk annuity deals by 50% in H1

DWP urged to boost collaboration and stability to ensure legislation is accomplished

A ‘flex first, fix later’ product would seek to achieve the best of both worlds for retirees

New research paper highlights the benefits and drawbacks of consolidation

Amended rules risk forcing sponsors into ‘one-size-fits-all straitjacket’

The bulk annuity transaction has secured the benefits of the trust’s 13,000 members