Risk Reduction

Bulk annuity transaction secures the benefits for all of the scheme’s members

Two-thirds in surplus on technical provisions basis as funding ratio reaches 104%

Insurer says the new product will provide it with ‘key competitive advantage’ in market

Fears rise over monetary policy as government borrowing costs hit highest level since 1988

Mark Johnston looks at recommendations for good surplus management

Transaction insures the benefits of over 1,000 members across the two schemes

BPA transaction secures the benefits of over 440 scheme members

Transaction secures the benefits of 48 deferred scheme members and 57 pensioners

Transaction fully secures the benefits of all 38 scheme members

Transaction secures the benefits of over 4,450 pensioner members and 2,900 deferred members.