Trustees must have knowledge of the powers they have as they consider endgame options
Largest single buy-in by premium size secures benefits of 53,000 retirees and deferred members
H Samuel and Ernest Jones owner plans to convert the policy to a buyout
The combined deficit of FTSE 350 defined benefit (DB) schemes fell to £72bn in the first quarter of 2018, according to Mercer's pensions risk survey.
Scottish Widows has reinsured the longevity risk for around £1.3bn of its bulk annuity liabilities with The Prudential Insurance Company of America (PICA).