buyout
Risk Reduction
Insurers are being pressed to offer bulk annuities to a wider range of scheme sizes
17 June 2021
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2 min read
Risk Reduction
The Nortel Networks UK Pension Plan has agreed a further £105m buyout with Legal & General (L&G), topping up the benefits agreed in a prior deal.
11 May 2021
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2 min read
Risk Reduction
The defined benefit (DB) scheme of Shepherd Foods (London) has completed a £3m buyout with Aviva, insuring the benefits of 13 pensioner and deferred members.
06 April 2021
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1 min read
Risk Reduction
Rothesay has completed a £6m follow-on buyout with an unnamed aviation scheme, insuring benefits of eight pensioners and 31 deferred members.
23 March 2021
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2 min read
Risk Reduction
Pension Insurance Corporation (PIC) concluded £5.6bn on bulk annuities in 2020 after recording just over £2.1bn in the second half of the year.
18 March 2021
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5 min read
Industry
Legal & General saw flat movements in operating profit over the course of 2020, and a fall in profit after tax, although its retirement and investment management businesses grew.
10 March 2021
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2 min read
Risk Reduction
The Civil Aviation Authority (CAA) and Sydney Packett & Sons have agreed bulk annuity deals for their pension schemes with Legal & General (L&G) respectively.
09 March 2021
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3 min read
Risk Reduction
The uncertainty surrounding the potential impact of so-called long Covid and behavioural changes heightens the need for schemes to increase their longevity hedging, says Prudential Financial.
25 February 2021
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2 min read
Risk Reduction
Rothesay wrote £7bn of bulk annuity business over the course of last year, with 12 further schemes now benefitting from the insurer’s policies.
23 February 2021
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1 min read
Risk Reduction
Around £1trn of pension risk could be insured by just over a decade’s time as bulk annuity volumes grow rapidly, also boosting insurers’ rankings in the FTSE 100, according to Hymans Robertson.
11 February 2021
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2 min read
