Transaction between the pair means all scheme members are now fully insured
TPT Retirement Solutions has appointed ex-Blackrock managing director Cliff Speed as chief investment officer (CIO).
It has been 10 years since the first pensioner buy-in was completed. Helen Morrissey looks at how the industry has evolved.
Which are the largest schemes to have been offloaded to insurance companies?
Rothesay Life is set to buy Metlife's £3bn bulk annuity business in the latest deal in a round of consolidation in the pensions insurance market.
Smiths Group has struck a fourth buy-in for its TI Group Pension Scheme, in a £170m deal with Pension Insurance Corporation (PIC) that takes its total insured liabilities to more than £800m.
Goldman Sachs has put a majority stake of its UK bulk annuity insurance business up for sale.
Rothesay Life and Paternoster have reinsured £450m of longevity risk with US-based Prudential Retirement.
Barnett Waddingham has been chosen by investment bank UBS to provide administration and actuarial oversight services for its longevity swaps service.
The Radius Systems pension scheme has undertaken a full buyout with Rothesay Life in a deal below £100m.