All Bulk annuity deals articles – Page 2
-
NewsUtmost reports four buy-ins for smaller pension schemes in busy first half
The deals total £177m and follow the insurer’s entrance into the UK market last year.
-
NewsAviva delivers £249m buy-in for packaging company pension scheme
The transaction secures the benefits of more than 3,500 members of the Molins UK Pension Fund, sponsored by Mpac Group.
-
NewsBus company scheme exits PPF assessment with buy-in
Insurance company Just Group has helped a pension scheme exit the Pension Protection Fund’s assessment period through a £5m buy-in.
-
NewsPIC seals triple buy-in for energy tech schemes worth £900m
Source: Baker Hughes A gas turbine operated by Baker Hughes Energy technology company Baker Hughes has insured three defined benefit pension schemes with Pension Insurance Corporation (PIC) in deals worth a combined £900m.
-
NewsMcGregor Construction scheme secures £7m buy-in with Just Group
The buy-in secured members’ benefits at or above those provided by the Pension Protection Fund, after the sponsor went into insolvency in 2022.
-
NewsMirror Group pension scheme secures £150m buy-in with Just
The MGN Pension Scheme – which was raided by Robert Maxwell in the 1980s – has secured a £150m buy-in covering 1,300 of its pensioner members.
-
NewsRoyal London completes biggest bulk annuity deal to date with law firm’s scheme
Law firm Grant Thornton has sealed a £275m buy-in for its defined benefit pension scheme with Royal London, securing the pensions of 2,200 members and establishing a route to a full buyout.
-
NewsMorrisons purchases £270m buy-in from Aviva
The insurance company has secured the RSP Section of the Morrisons Retirement Saver Plan, covering 32,000 members of a cash balance plan.
-
NewsTelecoms firm dials up member security with £63m buy-in
CommScope Connectivity, a telecoms company, has insured its defined benefit pension scheme with Aviva for £63m, covering 570 members.
-
NewsRothesay insures exam company’s pension scheme for £120m
AQA Education, one of the main providers of GCSE and A-level exam services, has insured its defined benefit pension scheme with Rothesay, covering 869 members.
-
NewsCancer Research UK completes £280m buy-in with Standard Life
Cancer Research UK has insured around 2,800 members of its defined benefit pension scheme through a bulk annuity deal, which covers more than half of its liabilities.
-
NewsMetals firm completes buy-in in less than five weeks
ELG Metals UK secured a £28m buy-in with Just Group in five weeks due to favourable pricing and market conditions.
-
NewsWater company insures pension scheme with Just for £120m
South East Water has secured “complex” benefit structures through a buy-in with Just Group, completed in December 2024.
-
NewsBuilding society locks down member benefits with £105m buy-in
Rothesay has insured all 705 scheme members of the Skipton Building Society (2015) Group Pension Scheme through a buy-in completed in January.
-
NewsJust Group secures £12m buy-in with Englass pension scheme
The transaction made use of Aon’s process designed for small pension scheme de-risking deals.
-
NewsMining giant Anglo American seals triple buy-in with L&G
L&G has completed £1.2bn worth of bulk annuity deals so far this year and is “actively pricing” on other deals worth a combined £17bn.
-
NewsChurch of Scotland completes £75m buy-in with Just Group
The transaction, which completed in December 2024, insures the benefits of around 2,350 members and dependants in three sections across two pension schemes.
-
NewsBulk annuities latest: Canada Life secures landmark £361m buy-in
Canada Life has completed one of its biggest bulk annuity deals, a £361m buy-in with an unnamed pension scheme.
-
NewsBulk annuities latest: M&G, L&G and Just seal full scheme buy-ins
Three transactions range from a £111m buy-in for an unnamed asset manager’s scheme to a sub-£4m deal for ME Group International’s pension fund.
-
NewsL&G insures Sanofi pension fund for £1.4bn
The deal insures the benefits of 4,900 retirees and 5,600 deferred members, and follows a £760m buy-in completed in 2021.