All Buy-in articles – Page 13
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News
Allied Domecq scheme in monster buy-in
On the go: The Allied Domecq Pension Fund has entered into a buy-in arrangement worth £3.8bn with Rothesay Life, the second multibillion pound bulk annuity transaction in a week.
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News
Electricals scheme agrees UK’s largest ever buyout deal
On the go: Rothesay Life has agreed the largest buyout ever undertaken in the UK, with £4.7bn of assets and liabilities transferring to it from the GEC 1972 Plan.
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News
Tate & Lyle completes £930m buy-in with L&G
On the go: The Tate & Lyle Pension Scheme has completed a £930m buy-in with Legal & General Assurance Society.
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News
Just Group sets its sights on derisking DB giants
On the go: Insurer Just Group is attempting to increase its presence in the bulk annuity market by partnering with external providers of capital backing.
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News
Cadbury completes £520m buy-in with Rothesay Life
On the go: The Cadbury Mondelēz Pension Fund has completed a £520m buy-in with Rothesay Life covering payments for 1,900 pensioners.
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News
LCP: Buyout deals more than double in 12 months to £34bn
On the go: The momentum in pension buy-ins and buyouts continues unabated, with a record £34bn of deals completed over the year to June 30 2019.
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News
HSBC scheme agrees £7bn longevity swap package
On the go: Trustees of the HSBC Bank UK Pension Scheme have agreed the second-largest longevity swap in UK history, insuring £7bn of the scheme's liabilities against living too long.
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News
PIC de-risking reaches £6bn in H1 with £40bn in pipeline
On the go: The Pension Insurance Corporation has completed nine de-risking transactions totalling £6bn in the first half of 2018, a record for the company with a pipeline of new business of more than £40bn.
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News
PIC hails record reinsurance availability
On the go: Bulk annuity provider Pension Insurance Corporation has secured a record-breaking £7bn of reinsurance to date in 2019.
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News
Rolls-Royce and L&G complete record £4.6bn deal
On the go: Rolls-Royce has completed a partial buy-in on the way to buyout in excess of £4.6bn, securing the benefits of around 33,000 members of the Rolls-Royce UK Pension Fund.
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News
600 Group completes £201m buyout with PIC
On the go: Yorkshire-based engineering firm 600 Group has finalised the buyout of its UK pension scheme liabilities with Pension Insurance Corporation.
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News
Marks & Spencer adds £1.4bn in new buy-ins
On the go: Marks & Spencer's UK defined benefit scheme has entered a £1.4bn buy-in with the Pension Insurance Corporation and Phoenix Life, bringing its total insured portfolio up to two thirds of its pensioner population.
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News
Clara eyes Q2 transaction after consultation delays clearance
Commercial consolidator Clara Pensions expects to complete its first transaction within the next three months, according to the company’s founder and chief executive officer Adam Saron.
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Features
John Laing divests asset-backed funding from former sponsor
The John Laing Pension Fund has sold its remaining stake in infrastructure company John Laing Environmental Assets Group, a holding initially contributed to the scheme as part of a contingent funding plan in 2015.
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PodcastsPodcast: How to approach the bulk annuity market
Podcast: 2019 is predicted to break last year’s record for bulk annuity deals. But with insurers being more selective, experts have stressed the need for defined benefit pension scheme trustees to make sure they are well prepared before approaching the market. In this episode, Marian Elliott, head of integrated actuarial at consultancy Redington, discusses the main drivers behind increased derisking activity in recent years, and explains how pension funds should prepare for transactions.
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FeaturesRoundtable: How to get the best bulk annuity pricing
Buyout appears to be within reach for more defined benefit schemes than ever before. Experts at a recent Pensions Expert roundtable sought to quell fears that schemes must ‘buy now while stocks last’, and set out a number of considerations for trustees and employers moving towards bulk annuity purchase.
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News
Half of FTSE 100 liabilities funded to buyout levels by 2029
Full buyout was once a distant dream for many sponsors of UK defined benefit schemes.
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News
Reuters Pension Fund completes £625m pensioner buy-in
The trustee of the Reuters Pension Fund and Thomson Reuters have completed a £625m full pensioner buy-in for the scheme, in the biggest annuity transaction yet for insurer Canada Life.
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News
£300m to be paid out by DB funds in transfers, buyouts and buy-ins
On the go: For the first time ever, nearly one third of a trillion pounds will be paid by UK private sector defined benefit pension schemes over a three-year period, from 2019–2021 according to Mercer.
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OpinionTop tips for a successful approach to the bulk annuity market
From the blog: 2018 is set to be a record-breaking year in the bulk annuity risk transfer market.