Transaction secures the benefits of more than 7,000 retirees as part of ‘umbrella’ agreement
This week’s top stories included the Littlewoods Pension Scheme’s £930m buy-in with Rothesay life, while The Pension Superfund named its new asset and liability management committee.
The ICI Pension Fund has completed its ninth buy-in with Legal & General (L&G), insuring a further £70m of benefits and bringing total insured benefits with L&G to around £5.8bn.
The ICI Specialty Chemicals Pension Fund has completed a buy-in worth nearly £140m with Pension Insurance Corporation (PIC).
The ICI Pension Fund has revealed it completed another two buy-ins worth almost £1bn in September with two major insurers.
With demand for bulk annuities predicted to reach £350bn by 2026, supply may not be able to keep up, which could push up pricing. Kristian Brunt-Seymour looks at whether it is an issue and what it means for schemes.
The ICI Pension Fund has revealed it saved £10m by completing its latest buy-in with Legal & General (L&G) shortly after the EU referendum.
The ICI Pension Fund has completed a £630m buy-in covering over 4,000 of its members with Scottish Widows.
Aegon has sold the final third of its UK annuity portfolio to Legal & General (L&G) as part of its strategy to free up capital from non-core business.
PP explores the option of putting the British Steel scheme through the bulk annuity market.