Three funds including a Singaporean sovereign wealth fund have agreed to acquire a combined 64% stake in Rothesay Life from Goldman Sachs.
Partnership has completed a £22m medically underwritten buy-in with an unnamed scheme, in the largest enhanced bulk annuity transaction to date.
Taha Lokhandwala looks at the detail of InterContinental’s £440m buyout deal
Jack Jones analyses the latest trend in the longevity swap market.
UBS and Nomura have followed Credit Suisse in pulling out of the longevity swap market, citing capital requirements and regulatory changes, PP understands.
Pensioner buy-ins are becoming increasingly attractive relative to holding gilts for pension funds, according to a price tracking service launched by Hymans Robertson.
Jack Jones investigates the develoment of longevity swaps
Legal & General intends to extend the longevity swap market to cover smaller schemes, after completing a £1bn deal with the Pilkington Superannuation Scheme.
Pension schemes are considering whether to exchange gilt holdings for buy-in insurance policies as yields fall to record lows, Hymans Robertson says.