The volume of bulk annuity transactions this year has already exceeded the 2012 total thanks to a flurry of large deals completed by Rothesay Life and Pension Insurance Corporation (PIC).
Trustees of the Christopherson (FS) Pension Scheme have agreed a £55m buyout for its members with Pension Insurance Corporation (PIC).
Smiths Group has struck a fourth buy-in for its TI Group Pension Scheme, in a £170m deal with Pension Insurance Corporation (PIC) that takes its total insured liabilities to more than £800m.
Taha Lokhandwala looks at the detail of InterContinental’s £440m buyout deal
InterContinental Hotels Group (IHG) has agreed a £440m all-risk buyout for its UK pension plan with Rothesay Life, securing improved benefits for members owing to suitable market conditions.
Deficits in the private sector rose in August with smaller-cap listed and unlisted firms mainly to blame, research from JLT Employee Benefits (JLTEB) shows.
Private equity firm Blackstone is looking to gain access to the UK bulk annuity market by buying a stake in Goldman Sachs' bulk insurance vehicle Rothesay Life, according to reports.
Trustees of the Cobham Pension Plan have agreed a £280m buy-in with Rothesay Life.
The news that Goldman Sachs has put the majority of its UK bulk annuity business up for sale will not have an impact on the market, say consultants.
Goldman Sachs has put a majority stake of its UK bulk annuity insurance business up for sale.