Deal structured as insurance arrangement between scheme trustee and Zurich UK
Transaction with MetLife will form part of the £1bn scheme’s investment portfolio
The deal secures the benefits for all remaining uninsured scheme members
The Metropolitan Tower Life Insurance Company (MetLife) has reinsured approximately $5bn (£3.6bn) of Rothesay pension liabilities.
Metropolitan Tower Life Insurance Company has announced it completed four longevity reinsurance transactions with Legal & General (L&G) Assurance Society last year.
Covid-19 has had a seismic impact on regular office life. Nick Martindale looks at how employee benefits provisions are expanding to reach the new normal
MetLife has completed its first UK longevity reinsurance transaction, covering the risk of £280m of Pension Insurance Corporation (PIC) liabilities.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.
It has been 10 years since the first pensioner buy-in was completed. Helen Morrissey looks at how the industry has evolved.
Nearly one-in-three retirement savers would consider transferring final salary pension benefits to defined contribution schemes, latest research shows.