UK - The BMW UK Operations Pension Scheme has insured £3bn (US$4.6bn) of its liabilities with Deutsche Bank subsidiary Abbey Life.
The BMW UK Operations Pension Scheme has insured £3bn of its liabilities with Deutsche Bank subsidiary Abbey Life.
UK - Some £7.8bn (US$12.3bn) of pension scheme risk transfer deals were completed in 2009, despite challenging financial landscape, analysis from Hymans Robertson revealed.
Some £7.8bn of pension scheme risk transfer deals completed in 2009, despite challenging financial landscape, analysis from Hymans Robertson reveals.
Telecoms giant Cable & Wireless will pump an extra £30m into its defined benefit pension scheme following the demerger of C&W Worldwide and C&W Communication.
The EMAP Earnings Related Pension Plan has been wound up two years after its liabilities were bought out with Paternoster.
Paternoster will not be looking to re-enter the buyout market until turbulent markets have settled, chief executive Ed Jervis says.
Paternoster founder steps back to cut costs; Dairy Crest to close final salary scheme; Insurer Lucida's £500m deal with Merchant Navy Officers' Pension Fund
UK - Buyout provider Paternoster will have the ability to write new business after shareholders agreed to inject £5m (US$8m) of new capital into the group.
Buyout provider Paternoster will have the ability to write new business after shareholders agreed to inject £5m of new capital into the group.