Insurer’s solution will offer DB schemes with less than £100m a path towards buyout
Mitul Magudia says a scenario of prolonged higher rates could radically impact schemes
Weighing up trustees’ priorities on net zero in bulk annuity transactions
PP brings together all the appointments in the pensions industry over the past week
£40m bulk annuity transaction fully secures benefits for all the members of the scheme
£250m deal means PIC has now insured all £4.1bn of the BAT scheme’s liabilities
Liabilities of 3,400 members are insured through deal with engineering firm’s scheme
The Co-operative Pension Scheme (Pace) has agreed a £1bn buy-in with Pension Insurance Corporation (PIC), insuring benefits for around 7,000 members.
The British American Tobacco (BAT) UK Pension Fund has completed a £3.4bn buy-in with Pension Insurance Corporation (PIC), the largest buy-in transaction including pensioner and deferred members.
The Rentokil Initial 2015 Pension Scheme has secured a buy-in covering 14,200 members in a £1.5bn deal with Pension Insurance Corporation (PIC).