All Buy-in articles – Page 4
-
NewsAmey OS Pension Scheme completes £400mn buy-in
On the go: The £673.8mn Amey OS Pension Scheme has secured a £400mn buy-in transaction with Pension Insurance Corporation.
-
NewsInterserve Pension Scheme agrees £400mn buy-in
On the go: The Interserve Pension Scheme has agreed a £400mn buy-in with Aviva, securing the benefits of more than 7,000 members.
-
NewsTomkins Schemes complete £132mn full buy-ins
On the go: Two pension schemes sponsored by Gates Group, the Tomkins Schemes, have completed full buy-ins worth a combined £132mn with Pension Insurance Corporation.
-
NewsHeinz scheme completes partial buy-in
On the go: The Heinz 2000 Pension Plan completed a partial buy-in last year, according to the scheme’s most recent statement of investment principles.
-
NewsCo-operative Pension Scheme completes £1.2bn full section buy-in
On the go: The £11.8bn Co-operative Pension Scheme’s £2.1bn Bank Section has completed a full £1.2bn buy-in with Rothesay.
-
NewsRobinson & Sons scheme completes £44mn full buy-in
On the go: The circa £69.1mn Robinson & Sons Limited Pension Fund has agreed a full buy-in of its £44mn of pension scheme liabilities with Legal & General.
-
NewsElectronic technologies scheme secures £400mn buy-in
On the go: The TT Group (1993) Pension Scheme has completed a £400mn buy-in with Legal & General, securing the benefits of around 5,000 retirees and deferred members.
-
NewsCollective Enterprises Limited scheme secures full buy-in
On the go: The £1.3mn Collective Enterprises Limited Retirement and Death Benefits Scheme has agreed to a full buy-in covering all of its pensioner and deferred members.
-
NewsPIC predicts £30bn addressable risk transfer market
On the go: Pension Insurance Corporation has said that falling scheme liabilities will make pension risk transfer market volumes appear smaller over time, predicting a market of £30bn over the next year.
-
NewsAgfa UK Group Pension Plan signs £200mn buy-in
On the go: The Agfa UK Group Pension Plan has completed a second annuity buy-in with Standard Life, covering the vast majority of the fund’s remaining liabilities.
-
NewsAerospace scheme secures buy-in, baking co-op derisks with L&G
Risk watch: A round up of the latest derisking transactions, including the Cobham Pension Plan £530mn bulk annuity deal with Standard Life, and the Flour Milling and Baking Research Association Pension and Assurance Scheme £10mn assured payment policy.
-
NewsJarvis Group scheme agrees full buy-in
On the go: The circa £13mn Jarvis Group Limited Pension Plan has agreed a full buy-in with Legal & General, securing the benefits of more than 90 members, including 72 retirees.
-
NewsBulk annuity transactions reach £12bn in first half of 2022
On the go: The total volume of buy-in and buyout transactions reached £12bn in the first half of 2022, according to research from Hymans Robertson.
-
NewsCould gilt market shock push schemes towards insurers over LDI?
The market shock prompted by the government’s “mini” Budget could see a shift away from liability-driven investment strategies and toward insurance deals, experts have suggested.
-
NewsYell Pension Plan agrees £370mn full buy-in
On the go: The Yell Pension Plan has agreed a £370mn buy-in with Pension Insurance Corporation, covering the remaining liabilities of the defined benefit scheme.
-
NewsFirst-half bulk annuity volumes surge 50% against 2021
On the go: The pensions risk transfer market is up 50 per cent in the first half of 2022 compared with last year’s H1 figure, with £12bn in buy-ins and buyouts making for the third-largest H1 figure on record, according to analysis from LCP.
-
NewsInsurers publish first bulk annuity ‘best practice’ guide
On the go: UK insurers have collaborated to produce the industry’s first-ever “best practice” guide for schemes preparing for bulk annuity quotations, laying out principles by which trustees, advisers and administrators should abide.
-
NewsBarloworld UK scheme secures £484mn full buy-in
On the go: The Barloworld UK Pension Scheme has agreed to a £484mn full scheme buy-in with Just Group.
-
NewsKesslers Group scheme agrees £21mn full buy-in
On the go: The Kesslers Group Pension Plan has agreed a £21mn full scheme buy-in with Legal & General.
-
NewsSchemes urged to revisit buyout plans in rising rate environment
Rising interest rates and the subsequent fall in liability valuations and deficits have now made buyouts more affordable for a larger number of pension funds, with consultants urging schemes to restructure their investment strategy to make it more palatable to an insurance company.