Top stories this week included a Canadian court ruling against Nortel trustees, a record breaking enhanced buy-in and criticism of the Budget freedoms from the OECD. Here's what you might have missed.
Partnership has completed a £206m buy-in covering high value members of a "multi-billion pound scheme" in the biggest medically underwritten bulk annuity deal to date.
Growth in bulk annuity sales at Partnership Assurance has helped compensate for a 43% fall in individual annuity sales, according to the firm's half-year results.
Enhanced annuity sales in the UK dropped by a third in the wake of this year's budget, which announced a major overhaul of the retirement process, according to research.
Annuity provider Partnership is to cut 100 roles as part of a multi-million pound cost saving drive sparked by the Budget changes.
Partnership has taken immediate action to control costs after predicting its individual annuity sales would fall 50% following the Budget.
Buy-in prices have fallen by up to 3% as a result of changes announced in last month's Budget, one consultant says.
Partnership has hired Costas Yiasoumi to fill the newly-created role of director of defined benefit (DB) solutions as part of plans to strengthen its enhanced bulk annuity business.
Partnership has agreed a £30m medically underwritten buy-in to insure the entire pensioner population of an unnamed manufacturer's scheme.
Partnership and LV= have responded to the shock changes to the annuity market announced in the Budget by increasing the cooling-off period on their products.