Data cleansing is an increasingly important step in the path to bulk annuities especially with growth in medical underwriting. Kristian Brunt Seymour explores how it can benefit schemes.
BSW Timber has saved £5m in liabilities and reduced its deficit by a quarter due to a medically underwritten mortality study (MUMS).
Low & Bonar has completed a medically underwritten buy-in of £34m of liabilities within its defined benefit (DB) pension scheme.
As medically underwritten deals reach record levels, PP looks at why this market is booming.
The Pensions Institute has predicted there will be rapid growth in medically underwritten bulk annuities as schemes turn to ‘top-sliced' deals and traditional insurers get into the market.
Legal and General (L&G) has completed its first medically underwritten bulk annuity deal with a £230m transaction with an unnamed scheme
The £150m Institution of Engineering and Technology ("IET") Superannuation and Assurance Scheme has completed a £32m medically underwritten buy-in.