All Buy-in articles – Page 3
-
FeaturesInnovation needed to stop illiquid assets delaying bulk annuities
Consultancy giant Aon has written to insurers calling for more innovation on tackling illiquid assets held by pension schemes approaching the bulk annuity market.
-
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.
-
News2024 was record year for bulk annuities, data shows
Preliminary data on bulk annuity transactions shows that approximately £52bn worth of deals were completed last year – a new record.
-
NewsRoyal London insures Rockwool scheme through £53m buy-in
Royal London has insured the defined benefit pension scheme for insulation manufacturer Rockwool through a £53m buy-in.
-
NewsPRA warns of ‘systemic risk’ building up in bulk annuity market
The regulator for insurers and banks has warned of “systemic risk” within the bulk annuity market as insurers compete for DB pension schemes’ business.
-
NewsCompass takes a bite out of DB risk with £1.5bn buy-in
Food services company Compass Group has secured the “majority” of its DB scheme’s membership through a £1.5bn bulk annuity deal with Standard Life.
-
NewsUtmost hires former Rothesay CFO to lead bulk annuity market push
Utmost Life and Pensions, one of the newest entrants to the UK bulk annuity market, has appointed former Rothesay Life chief financial officer Andrew Stoker as chief executive.
-
NewsLCP forecasts more new entrants to bulk annuity market in 2025
This year will bring a new defined benefit (DB) consolidator and another entrant to the bulk annuity market, according to consultancy group LCP.
-
NewsBulk annuities latest: PIC insures first scheme through Mosaic framework
Pension Insurance Corporation and Just Group have completed full buy-ins for small pension schemes, while Isio looks forward to 2025’s bulk annuity market.
-
NewsRoyal London and Just Group announce buy-in deals
Royal London has announced its fifth transaction since entering the bulk annuity market earlier this year.
-
NewsBulk annuities latest: PIC insures Hays Pension Scheme for £370m
The transaction covers 853 pensioners and dependents, and 3,368 deferred members linked to Hays, a recruitment company. Hays injected approximately £13m to help finance the deal.
-
NewsNational Grid powers £1.7bn buy-in with Aviva
The buy-in includes the transfer of a 2018 longevity swap contract, and insures the pension benefits of nearly 6,000 people.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
NewsBulk annuity update: Royal London completes first external deals
The sector’s newest entrant has completed two transactions worth a combined £130m, while Aviva has insured the Thomas Miller pension scheme for £140m.