Aon says insurers’ results show ‘ample headroom’ to support new business volumes
Half of schemes are targeting buyout, with around £50bn in deals expected by end of year
Events of last year will continue to feed through to the market, says Aon
Rothesay has concluded a £120m buy-in with the West Ferry Printers Pension Scheme, covering all remaining pensioner and deferred liabilities.
After a bumper year, insurers are now facing a slower and smaller pipeline as schemes grapple with Covid-19, writes James Phillips.
The National Grid UK Pension Scheme has agreed its second buy-in this year, transferring £1.6bn of pension risk to Legal & General (L&G).
Rothesay Life has agreed the UK’s largest ever bulk annuity deal to date – a £4.7bn buyout of the GEC 1972 Plan, making 2019 officially a record-breaking year.
Following Rolls-Royce's record buyout earlier this month, James Phillips speaks to some of the key players about the process.
Aon has appointed Mike Edwards as a partner in its risk settlement team to support the growth of its business offerings in the UK.
Solvency II regulations have caused a shift in the timing of buy-in and buyout transactions, as well as asset sourcing, according to Aon Hewitt.