The insurance industry faces a "severe" concentration of systematic longevity risk through the market for buy-ins, buyouts and longevity swaps, according to professor David Blake.
Insurers completed just £800m of buyouts and buy-ins in the first quarter of the year, according research from LCP, far below the £4.4bn written in the first quarter of 2014.
The UK's first sterling bond linked to the Consumer Price Index (CPI) has been issued to help finance the building of a tube link in London.
Here they are - the winners of the UK Pensions Awards 2015.
Lehman Brothers Pension Scheme has secured a £675m buyout with Rothesay Life, ensuring that all members will get their pensions in full, six and a half years after its sponsor went bust.
Guy Freeman says rising rates could be the silver lining for companies with defined benefit schemes
Richard Berliand, Glenn Earle, Naguib Kheraj, Ray King and Andrew Stoker have been made directors of Rothesay Life Group.
Andrew Waring talks about buy-ins, buyouts, longevity swaps and multi-employer DC arrangements
Rothesay Life has revealed it agreed a deal to hedge £300m of longevity risk in December, taking the value of benefits reinsured by the firm over the year to £2.8bn.
Rothesay Life has hedged the longevity risk relating to £1bn of its pension liabilities in a series of deals with Pacific Life Re.