The £484m buy-in secured by the Philips Pension Fund last week is just the latest transaction in what looks as though it will be the busiest year for bulk annuity providers since 2008.
The deal with Rothesay Life took the value of liabilities insured past £5b and had a lot in common with a number of other transactions this year. It covered a subset of the scheme's 20,000 pensi...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
