The trustees of the Cancer Research UK Pension Scheme have signed a £250m pensioner buy-in with Canada Life, bringing the insurer into the mid-range de-risking market.
It has been 10 years since the first pensioner buy-in was completed. Helen Morrissey looks at how the industry has evolved.
The trustee of soft drinks manufacturer AG Barr's defined benefit scheme has insured 50% of its total pensioner liabilities through Canada Life.
Almost one in four workers expect to work past the age of 65 because of seven years of low interest rates according to Canada Life research.
The bulk annuity market had a record final quarter in 2015 as buy-in and buyout deals totalled £5.4bn, according to LCP.
Increased insurer competition, greater regulatory certainty and easier access to capital could boost the bulk annuity market 50% next year, according to a report from LCP.
The Wiggins Teape Pension Scheme has agreed a £400m pensioner buy-in with Scottish Widows in the insurer's first foray into the bulk annuity market.
Canada Life has completed its first ever bulk annuity transaction - completing a £5m pensioner buyout with Oundle School.
The Court of Appeal (CA) has provided guidelines to employers on how they could avoid being accused of discrimination when dismissing employees.