The 3i Group Pension Plan has completed a £200m buy-in with Pension Insurance Corporation (PIC), its first insurance policy so far.
Longevity hedges have long been considered a hurdle to doing a bulk annuity, but a ground-breaking deal shows it doesn't have to be. Stephanie Baxter looks at why converting swaps into buy-ins is taking off.
De-risking deals hit £10.2bn last year thanks to a busy second half as concerns over Solvency II waned, according to Lane Clark & Peacock (LCP).
This week's top stories include coverage of a proposal to merge Royal Mail defined benefit and defined contribution members into a risk-sharing scheme.
Technological disruption will only benefit savers when financial institutions realise they must serve the needs of customers, according to London Business School's David Pitt-Watson.
The trustees of the Alps Electric Pension Scheme have concluded a £33m buyout of its liabilities with Pension Insurance Corporation (PIC).
Pension Insurance Corporation (PIC) has invested £93m in secured debt issued by Welsh Housing Partnership, an initiative that supplies new affordable housing across Wales.
Pension Insurance Corporation (PIC) has appointed Giles Fairhead as its chief risk officer (CRO).
Smiths Group's TI Group Pension Scheme has insured £130m of pensioner liabilities with Pension Insurance Corporation (PIC), bringing the scheme's total insured liabilities to £1bn.
This week's top stories included the latest figures on pension withdrawals since Freedom and Choice, and the effect of President Donald Trump on DB deficits.