Q3 busiest bulk annuity quarter on record

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Schemes concluded a record £3.9bn of buyouts and buy-ins in the third quarter of 2013, says JLT Employee Benefits.

The majority of these transactions were won by Pension Insurance Corporation (PIC), which wrote £1.9bn of business and Rothesay Life which secured £1.2bn. JLT EB said business volumes could reac...

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