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Latest on bulk annuities - in association with Canada Life
Trustees under pressure to use surplus powers despite conflict concerns
With new surplus release flexibilities coming into force through the Pension Schemes Act, a survey of defined benefit pension scheme trustees has found a growing appetite for run-on but concerns about potential conflicts of interest.
Special report: Why the big deal about small bulk annuity transactions?
Smaller pension schemes have traditionally struggled to access the insurance market, but significant changes have made bulk annuity transfers more compelling, as Bradley Gerrard reports.
‘Record’ buy-in pricing levels as insurer competition hots up
LCP research illustrates how competition among insurers is helping schemes of all sizes secure bulk annuities at record prices, while Broadstone and L&G have announced a £10m buy-in with a Devon-based property company’s DB scheme.
Bulk annuities: Just finalises buy-ins to insure 5,000 members
Insurance company Just Group has secured two pension schemes through buy-ins worth a combined £380m, working with separate schemes sponsored by a vehicle sales company and the Church of Scotland.
Underwriter insures DB scheme with Canada Life in £36m deal
Professional trustee company Vidett led the deal, with Pensions Expert data indicating the firm is particularly active in the bulk annuity space.
Scandinavian airline secures DB scheme amid financial restructure
Insurance company Just Group has completed a buy-in worth £61.8m with a defined benefit pension scheme sponsored by Scandinavian Airlines System.
Bulk annuities latest: Insurance remains top option for most, finds Aon
Plus: Standard Life insures a subsidiary’s defined benefit pension scheme for £200m, while Just Group and Broadstone team up again for a sub-£5m transaction.
Buy-in transactions can boost sponsors’ share prices, says Aon
Aon: Buy-ins boost sponsors’ share prices
Streamlining the risk transfer process: it’s harder than you might think
Ahead of a new research series from Pensions Expert into small scheme bulk annuities, members of the Endgame Perspectives Group explore how streamlined services have developed, their limitations, and how they can better serve pension schemes and members.
Bulk annuities update: Bakkavor’s buy-in; Canada Life launches member portal
Food manufacturing company Bakkavor has secured a £160m full scheme buy-in for its defined benefit pension scheme with Rothesay, just months after it was acquired.
Pricing remains key for schemes considering bulk annuities
Research from Standard Life shows how priorities vary depending on the size of the scheme, but the pricing of bulk annuities remains the key determining factor for most trustee boards.
Bulk annuities latest: Just Group and Rothesay support small scheme buy-ins
Two buy-in deals worth less than £20m in total were announced this week, further evidence of the healthy market for small pension schemes seeking insurance transactions.
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