LCP

The Total UK Pension Plan has insured £1.6bn of pensioner liabilities with Pension Insurance Corporation (PIC) in the second largest UK bulk annuity transaction to date.

Inside Pensions has appointed Rachael Fortescue as a company director.

The burden of complying with an updated European pensions directive and changes announced in the Budget could lead employers to wind up small schemes, warns a consultant.

The Association of Consulting Actuaries (ACA) has appointed KPMG partner David Fairs as chairman.

Aon Hewitt has named Jon Bryant as area director for its London consulting team covering defined contribution (DC), risk and healthcare.

LCP has appointed former Aon Hewitt regional operations director Suzanne Taylor as a senior consultant within its pensions administration team.

Buy-in prices have fallen by up to 3% as a result of changes announced in last month's Budget, one consultant says.

The Western United Group Pension Scheme has secured a £111m pensioner buy-in with Rothesay Life, a year and a half after completing a £115m deal with the same insurer.

Just Retirement has completed a £36.5m medically underwritten buy-in with a shipping firm and says it is on target to write £80m of bulk annuity business in the year to June.

The Institute and Faculty of Actuaries (IFoA) has appointed LCP partner Fiona Morrison as president-elect after years of volunteering for the organisation.