Lucida

The Merchant Navy Officers Pension Fund has secured a further £100m of liabilities after signing a second buy-in deal with Lucida.

UK - The Merchant Navy Officers Pension Fund has secured a further £100m (US$149.9m) of liabilities after signing a second buy-in deal with Lucida.

Pension Protection Fund chairman Lawrence Churchill and The Pensions Advisory Service chairman Margaret Snowdon are among those recognised with New Year honours.

Defined benefit schemes are increasingly looking at de-risking options as they struggle to match liabilities through investment performance, Lucida research reveals.

UK - The volume of buyout transactions will rise to £5bn (US$7.9bn) in 2010 as prices become lower and more stable, the Society of Pension Consultants predicted.

UK - The Merchant Navy Officers Pension Fund has insured around £500m (US$799m) of its pension liabilities through a bulk annuity buy-in deal with Lucida.

Paternoster founder steps back to cut costs; Dairy Crest to close final salary scheme; Insurer Lucida's £500m deal with Merchant Navy Officers' Pension Fund

The Merchant Navy Officers Pension Fund has insured around £500m of its pension liabilities through a bulk annuity buy-in deal with Lucida.

Pamela Atherton talks to some of the stakeholders in the industry to assess the options available to trustees and corporate sponsors in the current financial situation