Ruth Ward

Pension Insurance Corporation (PIC) concluded £5.6bn on bulk annuities in 2020 after recording just over £2.1bn in the second half of the year.

The Premaberg Holdings Limited Retirement Benefits Plan has agreed a £5m buy-in transaction with Just Group.

Sponsoring employers are being too cautious amid low interest rates and missing out on advantageous de-risking opportunities, according to analysis by JLT Employee Benefits.