Operating profits at Pension Insurance Company rose in the first six months of the year, despite a 62% drop in new business for the bulk annuity provider.
A string of mid-sized transactions have made for a record-breaking second quarter in the bulk annuity market, according to data from LCP.
The Pension Protection Fund is £3.6bn in surplus so is there potential for the lifeboat fund to begin insuring its liabilities? Natasha Browne investigates
Top stories this week include the Pensions Ombudsman's dismissal of a GMP equalisation claim; the MIRA Retirement Benefits Scheme's £70m buyout; and Newham Council's proposal for an asset-backed contribution structure.
4imprint is working to cut the liabilities in its defined benefit scheme by turning a £25m pensioner buy-in into a partial buyout and launching a liability transfer exercise for deferred members.
MIRA Retirement Benefits Scheme (MIRARBS) has secured a £70m buyout after agreeing to compromise its sponsor's statutory debt as part of a corporate restructuring.
The insurance industry faces a "severe" concentration of systematic longevity risk through the market for buy-ins, buyouts and longevity swaps, according to professor David Blake.
Punter Southall Investment Consulting has designed a service to reduce the complexity, administration and costs of de-risking strategies.
The EC De Witt pension scheme has entered a buyout with Pension Insurance Corporation (PIC) after its parent company was bought by a private equity firm.
David James and Dan Naylor are set to be promoted to pensions partner at law firm Travers Smith from 1 July.