Bulk annuities
Risk Reduction
Scottish Widows completed five bulk annuity transactions in 2019, with liabilities insured exceeding £2bn.
21 February 2020
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1 min read
Risk Reduction
The Co-operative Pension Scheme, known as Pace, has completed a £1bn buy-in with Aviva in the first announced bulk annuity deal of 2020.
29 January 2020
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2 min read
Risk Reduction
Pension Insurance Corporation (PIC) insured £7.2bn of scheme liabilities over the course of 2019, recording more new business than in any year prior.
28 January 2020
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1 min read
Risk Reduction
Insurers are now able to accommodate up to £30bn of bulk annuity transactions every year with no impact on pricing, according to Lane Clark & Peacock (LCP).
23 December 2019
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2 min read
Risk Reduction
The Electricity North West Group of the Electricity Supply Pension Scheme (ESPS) has invested in an £805m pensioner buy-in with Scottish Widows.
18 December 2019
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2 min read
Risk Reduction
Greater regulatory focus on covenant, holistic risk management, and long-term targets has helped proactive schemes approach their endgames earlier, says Adolfo Aponte.
04 December 2019
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4 min read
Risk Reduction
The National Grid UK Pension Scheme has agreed its second buy-in this year, transferring £1.6bn of pension risk to Legal & General (L&G).
26 November 2019
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1 min read
Risk Reduction
The Carter & Parker Limited Staff Retirement Benefits Plan (1975) has agreed a £9.3m bulk annuity deal with Canada Life.
19 November 2019
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2 min read
Risk Reduction
The Aegon UK Staff Retirement and Death Benefit Scheme has secured a £144m buy-in with Phoenix, covering around a quarter of pensioner liabilities.
19 November 2019
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1 min read
Risk Reduction
There has been a 30% reduction in the number of small scheme buy-in and buyout transactions, highlighting how insurer attention has shifted towards larger deals.
25 October 2019
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1 min read
