All Buy-in articles – Page 7
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NewsAir Canada completes £380mn buy-in, Keysight signs £58mn deal
Risk watch: A roundup up of the latest derisking transactions, including the Air Canada (UK) Pension Trust Fund’s £380mn buy-in with Pension Insurance Corporation, and the Keysight Technologies UK Limited Retirement Benefits Plan’s £58mn deal with Just Group.
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News‘Core’ bulk annuity deals hit record level in 2021
On the go: Bulk annuity deals of £1bn or under reached a new high in 2021, in a year that saw volumes driven by momentum in the second half, according to Mercer research.
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NewsCSM UK scheme agrees £86mn full buy-in with Just Group
On the go: The CSM UK Pension Scheme has agreed an £86mn full buy-in with Just Group.
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NewsNewell Rubbermaid scheme agrees £225mn buy-in with L&G
On the go: The Newell Rubbermaid UK Pension Scheme has agreed a £225mn buy-in for its Combined Newell and Record Section with Legal & General Assurance Society.
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NewsChurch of England Pensions Board secures £160mn buy-in with Aviva
On the go: The £3.7bn Church of England Pensions Board has agreed a £160mn bulk purchase annuity buy-in with insurer Aviva Life & Pensions UK for its circa £646.1mn Church Workers Pension Fund defined benefit scheme.
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NewsChemicals manufacturer scheme completes full £9mn buy-in
On the go: The Lakeland Laboratories Limited 2012 Retirement Benefit Scheme has completed a full £9mn buy-in with Just Group.
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NewsHalf of UK’s DB liabilities to be insured within a decade
On the go: Some £1tn of the UK’s defined benefit pension liabilities will be insured by the end of 2031, according to new research.
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NewsUK bulk annuity deals drop at the end of 2021
Data crunch: The volume of bulk annuity transactions edged downwards towards the end of last year, according to new research, although buy-ins and buyout deals rose between Q3 and Q4.
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NewsMid-sized deals prompt strong growth in bulk annuities market
On the go: Strong demand for bulk annuity transactions is likely to persist until the end of the decade, with annual liability deals totalling around £40bn, according to a new report from Moody’s Investors Service.
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NewsMerchant Navy Officers scheme completes PIC buy-in
On the go: The £3.2bn Merchant Navy Officers Pension Fund has signed a second buy-in with Pension Insurance Corporation worth £400mn.
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NewsEngineering company completes DB section full buy-in
On the go: The Stantec Pension Plan (UK), which comprises the Stantec UK Defined Contribution section, Stantec UK Defined Benefit section, and Stantec Treatment Defined Benefit section, has completed a full buy-in for its Treatment DB section with Just.
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NewsNorthern Bank agrees two buy-ins, Phoenix signs reinsurance deals
Riskwatch: A roundup up of the latest derisking transactions, including Northern Bank Pension Scheme’s two buy-in transactions with Aviva, and Phoenix Group’s two longevity reinsurance transactions with a MetLife subsidiary.
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NewsManufacturing company agrees £75m buy-in
On the go: The Triplex Lloyd Final Salary Plan has agreed a circa £75m bulk annuity transaction with Legal & General Assurance Society for the Doncasters section of the defined benefit scheme.
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NewsGallaher Pension Scheme agrees £1.7bn buy-in, IMI derisks further
Risk watch: A roundup up of the latest derisking transactions, including the Gallaher Pension Scheme’s deal with Standard Life, and the IMI 2014 Deferred Fund buy-in with Pension Insurance Corporation.
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NewsImperial Tobacco agrees £1.8bn deal, charity completes full buy-in
Risk watch: A roundup up of the latest derisking transactions, including the Imperial Tobacco Pension Fund’s £1.8bn deal with Standard Life, and the Royal National Mission to Deep Sea Fishermen Retirement Benefit Scheme’s full buy-in with Legal & General.
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NewsICAEW’s pension scheme completes £50m buy-in
On the go: The £206.4m Institute of Chartered Accountants Staff Pensions Fund has completed a £50m buy-in transaction with Canada Life.
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News2022 set to be a bumper year for bulk annuities
On the go: 2022 is set to be a busy year when it comes to derisking and could break the record for the largest transaction, according to a report from LCP.
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NewsVesuvius completes £305m buy-in with PIC
On the go: The Vesuvius Pension Plan has completed a final buy-in with Pension Insurance Corporation, covering £305m of liabilities.
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NewsMitchells & Butlers agrees buy-in, AvestaPolarit derisks with Rothesay
Risk watch: A roundup up of the latest derisking transactions, including the Mitchells & Butlers scheme’s £650m full buy-in with Legal & General and the AvestaPolarit scheme’s bulk annuity transaction with Rothesay.
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NewsRisk settlements to top £45bn for third consecutive year
On the go: The UK pension risk settlement market is anticipated to see volumes of more than £45bn by the end of 2021, the third year in a row that it has reached this level, according to analysis by Aon.