The UK bulk annuity market exceeded £8.5bn in the first three quarters of 2014, making this year already the busiest on record, according to figures published today.
The Makro Staff Pension Scheme has agreed a £185m buy-in with Rothesay Life to insure the benefits of all its members.
Panasonic has completed a deal with Rothesay Life to buyout its UK scheme using a deferred premium structure.
LCP has added a buy-in pricing tracker to its online valuation tool which uses up-to-date information from the biggest insurers to help clients make de-risking decisions.
The Merchant Navy Officers Pension Fund (MNOPF) has consolidated its pension payments to simplify the process for members.
Which are the largest schemes to have been offloaded to insurance companies?
Vestey Group has offloaded the £500m Western United Group Pension Scheme after completing a third bulk annuity deal with Rothesay Life.
Rothesay Life has secured a longevity swap with US reinsurer Prudential to cover the members of 93 schemes it has insured.
The Philips Pension Fund has insured a further £300m of pensioner liabilities following on from a £484m buy-in it completed last year.
The Merchant Navy Officers Pension Fund (MNOPF) has tied up a £1.3bn buyout of its old section that includes a one-off discretionary increase for all members.