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.
The Merchant Navy Officers' Pension Fund, (MNOPF) has run a nationwide series of forums to reassure members ahead of the completion of a £1.3bn buyout of its Old Section.
The Western United Group Pension Scheme has secured a £111m pensioner buy-in with Rothesay Life, a year and a half after completing a £115m deal with the same insurer.
LCP has named former Rothesay Life co-head of business development Myles Pink as a principal in its pension buyout practice.
Engineering giant GKN has completed a £123m buy-in with Rothesay Life in its latest step towards a full scheme buyout.
Rothesay Life is set to buy Metlife's £3bn bulk annuity business in the latest deal in a round of consolidation in the pensions insurance market.
Three investors have completed a deal to buy a two-third stake in Rothesay Life from parent company Goldman Sachs, after receiving regulatory approval.
Schemes concluded a record £3.9bn of buyouts and buy-ins in the third quarter of 2013, says JLT Employee Benefits.
The volume of premiums in bulk annuity deals reached a record £3.9bn between July and September, research from LCP shows.
Three funds including a Singaporean sovereign wealth fund have agreed to acquire a combined 64% stake in Rothesay Life from Goldman Sachs.