All Buyout articles – Page 10
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News
Bulk annuity deals now cover 15% of UK defined benefit liabilities
On the go: Pension scheme buy-ins, buyouts and longevity swaps have insured £250bn of longevity risk since the market took off in 2007, which corresponds to 15 per cent of UK defined benefit liabilities, according to analysis from Hymans Robertson.
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News
Xylem completes £255m bulk annuity deal
On the go: Trustees of the Xylem UK Pension Plan have completed a £255m buy-in with Rothesay Life.
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News
Co-op buys in further £1bn of liabilities
On the go: Retail group The Co-op has secured the pensions of 7,000 defined benefit members in a bulk annuity transaction with the Pension Insurance Corporation.
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News
AIB scheme pioneers alternative derisking solution
The AIB Group UK Pension Scheme has entered into a £250m insurance contract to hedge the investment risk associated with a portion of its liabilities, becoming the first defined benefit plan to undertake an alternative derisking solution.
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News
Telent: Buy-in could have scuppered scheme rescue
On the go: The trustees behind the record-breaking £4.7bn buyout of the Telent pension scheme say purchasing partial buy-in contracts could have derailed their aim of securing all members’ benefits.
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News
Smaller-sized bulk annuity deals to increase in 2020
On the go: Fewer multibillion bulk annuity deals are expected in 2020, although the number of smaller transactions is set to increase, according to research from Willis Towers Watson.
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News
Post Office workers set to receive scheme surplus spoils
Members of the Post Office section of the Royal Mail Pension Plan may be in line to receive a windfall, with the trustee considering how to share a £28m surplus as the scheme moves to partial buyout.
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News
Derisking trend to continue apace
On the go: Pensions consultancies say bulk annuity volumes could reach this year’s £40bn mark again in 2020, but put the ‘new normal’ for the industry at closer to £30bn.
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OpinionRisks and opportunities coming from RPI reform
LCP’s Jonathan Griffith discusses how the announced reform of the retail price index presents several challenges for pension schemes, but could also be a chance for trustees and sponsors to better adapt their inflation-hedging strategies.
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News
DB schemes move to formal long-term planning as regulation bites
On the go: Defined benefit pension funds are increasingly focusing on a long-term, formalised endgame or funding target, according to research by PwC.
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News
Bulk annuity market to reach £540bn in next decade
On the go: The bulk annuity market is expected to quadruple in the next decade compared with the current one, which saw £135bn paid to insurers, according to estimates from Mercer.
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News
Schemes’ endgame decisions could be hit by IFA shortage
Pension schemes using enhanced transfer value exercises as a way to reach an endgame solution could soon see their journey delayed, as new rules coming into the advice sector are reducing the defined benefit transfer market.
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News
Asda enters mammoth buy-in ahead of possible float
On the go: UK supermarket chain Asda has offloaded £3.8bn of its defined benefit liabilities in a buy-in with Rothesay Life.
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Features
Buy-in pricing could improve in post-Brexit world
Brexit volatility could be a good thing for defined benefit pension schemes looking to insure liability risk, according to experts.
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OpinionSeven features that define DB pension schemes
Jonathan Libre, a principal in the Emea Insights team at Broadridge Financial Solutions, discusses seven key factors that define DB pension funds, and how they can provide a useful framework through which schemes can be examined.
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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
Capital adequacy dispute threatens superfunds
Disagreement between the government and regulators has cast a question mark over the future of the UK’s defined benefit commercial consolidators.
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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.