Rothesay Life completed around £700m of bulk annuity transactions in the first half of 2019, according to its latest trading update.
Liz Airey has been appointed non-executive chairwoman of the Rolls-Royce UK Pension Fund, as Paul Spencer is set to retire at the end of December after nine years.
The aggregate deficit of the UK's defined benefit (DB) schemes fell by £27.4bn during January, almost eliminating the growth seen in December.