All Bulk annuities articles – Page 7
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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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FeaturesHow pension schemes are solving illiquid asset issues
Pensions Expert takes an in-depth look at how pension schemes, consultants and insurance companies are working to secure bulk annuity transactions despite issues caused by illiquid assets.
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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.
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NewsRoyal London enters bulk annuity market with two deals
Mutual insurance and investment group Royal London is first of two predicted new entrants to the pension insurance sector.
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NewsM&G completes £286m Northern Bank BPA deal
The transaction is the second with M&G's insurance subsidiary Prudential since it returned to the BPA market.
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NewsBPA boom: Who will be next to enter the market?
M&G’s re-entry into the bulk purchase annuity market takes the number of UK providers to nine, with others expected to follow by the end of the year.
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NewsM&G re-enters bulk annuity purchase market
M&G has announced a £331m buy-in transaction of the M&G Group Pension Scheme (M&GGPS), one of the group’s own pension schemes, as well as a £286m bulk annuity transaction for an external scheme.
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News
Standard Life completes £1.2bn buy-in with Mitchells & Butlers pension plan
Standard Life has completed a £1.2bn bulk purchase annuity transaction covering the 20,200-member strong Mitchells & Butlers pension plan.
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OpinionPension buyouts: how safe are insurers?
The bulk purchase annuity is under pressure to cope with increasing demand. Donald Fleming, partner, covenant assessment at RSM UK looks at the issues facing schemes and what might be best practice for trustees when choosing an insurer.
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NewsDB schemes: Surge in retirement support for members says Aon
Defined benefit (DB) schemes are giving their members more information and support than ever when making key retirement decisions.
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NewsRate rises mean annuities break even sooner
An improvement in annuity rates experienced over the past 18-months has brought forward the break-even point at which pension savers get their original investment by five years, according to Canada Life.