The enhanced annuity specialist Partnership has appointed former Tesco Bank compliance director Joanne Evans as its new director of compliance.
Just Retirement is considering creating a directory of consultants who are willing to advise small and medium sized schemes on medically underwritten buy-ins.
The three biggest bulk annuity insurers accounted for more than 90% of new business written in the six months to April according to research from Aon Hewitt.
The Plasser Machinery Parts & Services Pension and Assurance scheme has secured a medically underwritten buy-in to match the benefits of its pensioner members.
The Imperial Home Decor scheme has agreed a £5m medically underwritten buyout of its defined contribution (DC) section in the first such deal to be publicly announced.
Partnership Assurance Group, the enhanced annuity specialist, has set its offer price at 385p per share meaning its implied market capitalisation for its initial public offering (IPO) is £1.5bn.
The bulk annuity market enjoyed a brisk start to the year according to consultants and providers, with £876m of transactions completed in the first quarter.
Partnership has appointed Richard Willets as director of longevity, to develop its research and development capability.
Insurers expect to write more than £6bn of buyout and buy-in business in 2013 after a strong finish to 2012 saw £1.5bn in transactions, says JLT Employee Benefits.