Legal & General dominated 2025’s pension insurance market in terms of new business volumes, but data from LCP shows that sub-£100m transactions are driving competition and “exceptional” pricing.
Plus: Just Group ties up a £32m full scheme buy-in with the Reebok UK Retirement Benefits Scheme, insuring the benefits of 452 members.
M&G reports on £140m Panasonic scheme deal, while Aviva ties up a £104m buy-in with Essentra.
Plus: Canada Life insures a pharmaceutical distribution company’s defined benefit pension scheme for £30m.
Defined benefit pension schemes as small as £5m are now attracting interest from multiple insurers, according to Hymans Robertson’s latest annual report on the bulk annuity sector.
Plus: Just Group backs micro-buy-in through Isio’s newly launched service for small scheme transactions.
Plus: Aviva and Royal London release 2025 business results; Canada Life’s £80m buy-in with Safeway Pension Scheme.
The regulator has published a major forecasting exercise exploring the potential evolution of the DB sector under different scenarios, including growing appetite for run-on approaches and a successful superfund market.
A £13m DC pension scheme with a DB underpin has derisked through an “innovative” deal involving insurer Just Group and master trust Smart Pension.
The pensions industry seems split over how quickly insurers can convert the huge number of buy-ins completed in recent years to full buyouts.
A round-up of the latest bulk annuity announcements, including a £60m deal for Bodycote’s UK pension scheme and a £7m deal for financing and leasing company Black Arrow’s retirement fund.
Technology companies IBM and Sopra Steria have insured defined benefit liabilities through buy-ins announced today, as the flurry of bulk annuity announcements continues.