Bulk annuities
Risk Reduction
This year might prove to be a blip in the growth of the bulk annuity market despite volumes trending towards £25bn, according to Mercer.
01 September 2020
•
3 min read
Risk Reduction
The Hitachi UK Pension Scheme has agreed and completed a £275m buy-in deal with Legal & General (L&G) covering the remaining benefits in the scheme.
25 August 2020
•
2 min read
Risk Reduction
The Siemens Benefits Scheme has agreed a £530m buy-in with Legal & General (L&G), insuring the benefits of more than 2,300 pensioner members.
18 August 2020
•
2 min read
Risk Reduction
The ICI Pension Fund has completed its ninth buy-in with Legal & General (L&G), insuring a further £70m of benefits and bringing total insured benefits with L&G to around £5.8bn.
13 August 2020
•
2 min read
Risk Reduction
Just Group completed £460.3m of bulk annuity deals in the six months to 30 June, its half-year results have revealed.
13 August 2020
•
2 min read
Risk Reduction
The Littlewoods Pensions Scheme has completed a buy-in covering just under £930m of around 6,500 members’ benefits with Rothesay Life, the majority of which relate to deferred members.
12 August 2020
•
3 min read
Industry
Phoenix Group has reported a £36m increase in group operating profit in the first six months of this year, as well as strong cash generation of £433m.
06 August 2020
•
2 min read
Industry
Aviva’s operating profit fell by 11% in the first half of the year as Covid-19 hit business activity, although a growth in bulk annuity sales partially offset the drop.
06 August 2020
•
3 min read
Risk Reduction
The Countrywide Farmers Retirement Benefits has secured a £100m buy-in with Legal & General, insuring members’ benefits above Pension Protection Fund (PPF) compensation levels.
30 July 2020
•
2 min read
Risk Reduction
The Premaberg Holdings Limited Retirement Benefits Plan has agreed a £5m buy-in transaction with Just Group.
22 July 2020
•
2 min read
