James Mullins

Rolls-Royce has become the tenth scheme to complete a longevity swap. PP takes a look at the deals so far.

More than £2bn of pension fund liabilities was transferred in the third quarter of the year through buy-ins, buyouts and longevity swaps, Hymans Robertson analysis shows.

Industry figures are expecting a host of de-risking insurance deals to be undertaken by "quasi-public sector" schemes in the coming months.

Scheme sponsors are expected to take advantage of "enhanced buy-ins" to significantly reduce the cost of buy-ins, industry figures say.

Pension schemes are expected to shift a further £20bn of liabilities to insurance companies and banks over the next 18 months, according to Hymans Robertson.

The pension scheme risk transfer market is set to grow a further £20bn over the next 18 months, Hymans Robertson figures predict.

Hymans Robertson has promoted seven members of staff from across its practices to partner.

Rothesay Life has bought a majority holding in Paternoster following a four-month sale process.

A record £12.5bn risk transfer deals were done in the first half of the year and a quarter of major firms will de-risk by 2012, Hymans Robertson predicts.

The value of buy-in and buyout exercises in Q2 is expected to exceed the £1bn mark for the second consecutive quarter, Hymans Robertson says.