All Bulk annuities articles – Page 4
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NewsM&G launches ‘risk-sharing’ buy-in service for pension schemes
An initial £500m buy-in with an unnamed pension scheme has been structured to allow the corporate sponsor to share in any financial upside emanating from the insured assets.
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NewsG4S agrees £1.8bn buy-in deal with Just Group
The security company’s full-scheme buy-in is one of the largest deals of the year and a record for Just Group.
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NewsUtmost completes inaugural buy-in deal
The latest insurer to enter the bulk annuity market has completed a £20m buy-in with an unnamed scheme.
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OpinionEditor’s notes: A buy-in bonanza
NatWest’s record-breaking buy-ins illustrate a healthy market for pension fund insurance, writes Pensions Expert editor Nick Reeve.
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NewsBulk annuities update: £510m worth of benefits secured in four deals
A quartet of transactions have been announced this week securing the defined benefit pensions of nearly 4,000 people.
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NewsNatWest insures £11bn through multiple buy-ins
The high street bank has conducted a series of buy-in deals this year, reportedly with Rothesay Life.
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OpinionMaturing schemes and endgame planning: The pensions ‘teenage years’
Naomi Brown, senior counsel at Sackers, explains the parallels between managing a maturing defined benefit scheme and life as a parent.
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NewsBulk annuities latest: L&G insures Deutsche Bank scheme for £1.1bn
Plus, Just Group completes £18m full buy-in with St Modwen scheme covering 270 members.
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NewsAviva converts longevity swap as part of £1.3bn RAC buy-in
Aviva has secured a £1.3bn buy-in for the RAC 2003 Pension Scheme, insuring the benefits of approximately 19,000 members.
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NewsMichelin insures DB scheme for £1.5bn
The transaction with Aviva, which insures 15,000 members, involved the sponsor supplying a loan to cover the scheme’s illiquid holdings.
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NewsAssessing pension insurers’ sustainability performance
Most bulk annuity providers are making good progress to decarbonise their investment portfolios and are ahead of internal targets, according to new research.
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NewsPIC insures Coats scheme in £1.3bn buy-in
The biggest buy-in of 2024 so far includes a deferred premium arrangement and the in-specie transfer of illiquid assets.
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NewsCharity DB schemes approach full funding
Funding levels at charity defined benefit (DB) schemes have improved substantially over the past five years, according to new data.
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NewsBrookfield and Utmost to enter bulk annuity market
North American financial services giant Brookfield is set to become the latest insurance provider in the bulk annuity market.
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NewsPIC seals biggest buy-in of the year with £1.2bn TotalEnergies deal
The transaction follows a £1.6bn buy-in a decade ago and means the whole scheme is now insured.
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NewsM&G, Just Group announce buy-ins worth combined £570m
Machinery manufacturer NSK and aviation services group John Menzies have insured the benefits of nearly 7,000 members in separate deals.
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NewsStandard Life completes £880m buy-in of Rolls-Royce-Bentley scheme
The deal is one of the biggest bulk annuity transactions announced so far this year and includes the conversion of a 2013 longevity swap contract.
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OpinionBuyouts and dashboards – don't miss the boat
A key deadline is looming under the Pensions Dashboards Regulations 2022, which could be particularly relevant for schemes progressing towards buyout, writes Squire Patton Boggs’ Matthew Giles.
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NewsBulk annuity update: L&G targets £65bn in new business by 2028
Legal & General (L&G) expects to write up to £65bn worth of bulk annuity business by 2028, according to a business update.
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OpinionHow bulk annuity pricing works
Standard Life’s Kunal Sood gives an insurer’s perspective on how buy-ins and buyouts are priced.