Transaction covers remaining 586 deferred members and 242 pensioner members
Performance at Phoenix driven by strong pension and savings business growth
H2 2023 performance includes seven BPA transactions in covering £2.8bn of premiums
Pension professionals at Barnett Waddingham look at challenges for trustees and sponsors in 2024
Standard Life finds barriers include market volatility and investment strategy
BPA agreement covers 1,740 members from both sections of the scheme
Insurer expects a total market of £40bn for 2023 and targets investment of £300m a year
Improved funding levels have prompted trustees to reduce illiquid asset allocations
Majority of DB trustees will approach insurer about de-risking in the near future
Hymans Robertson predicts value of bulk annuities market to reach £25bn in H1 2023