Jack Jones looks at the implications of consolidation in the bulk annuity market
The bulk annuity market in 2012 was dominated by three big players, who hoovered up more than three quarters all new business according to research from Aon Hewitt.
Metlife has appointed David Oliver and Gill White to its underwriting team, in an expansion of its employee benefits business.
MetLife is putting its UK bulk annuities business up for sale according to reports.
Employer covenant risk remains a significant issue for defined benefit schemes, research from MetLife Assurance has shown.
A Pension fund preference for brownfield investments over greenfield could hamper government plans for infrastructure investment.
OCR has secured a buyout with Metlife Assurance for its £11m RSA Examinations Board Retirement Benefits Scheme.
Around a third of trustees have plans to leave their posts within the next five years, MetLife warns.
Funding deficits is still seen by trustees and sponsors as the most significant risk facing schemes, Metlife research shows.
The National Union of Mineworkers pension scheme has taken advantage of historically low gilt yields to secure a buy-in with Metlife Assurance.