PP brings together all the people moves in the pensions industry over the past week
Chris DeMarco explains why the Covid-19 has increased opportunities for schemes to de-risk via bulk annuities.
The 3i Group Pension Plan has agreed a £95m bulk annuity transaction with Legal & General (L&G).
The Howden Group Pension Plan has completed a full pensioner buy-in with Legal & General (L&G), insuring benefits for around 2,000 members.
The Pearson Pension Plan has entered into a £500m pensioner buy-in with Legal & General (L&G) in the insurer's first deal of 2019.
Buy-in and buyout pricing for British pension schemes could hike if the US or Canadian bulk annuity markets boom, Legal and General (L&G) has predicted.
Legal & General (L&G) has entered the small scheme longevity insurance market after completing a £300m longevity swap with a pension fund.
The £3bn Merchant Navy Officers Pension Fund (MNOPF) has insured around 2,500 pensioner members in a £490m buy-in with Legal & General (L&G).
The Pearson Pension Plan has agreed two buy-ins worth £1.2bn and has laid the groundwork for more bulk annuity contracts in the future.
Scottish and Southern Energy (SSE) has entered into two buy-ins with Pension Insurance Corporation (PIC), and a longevity swap with Legal & General (L&G).