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Latest on bulk annuities
Bulk annuities latest: M&G insures chemical company scheme in ‘BPA Plus’ deal
Plus: Royal London, Legal & General and Utmost announce buy-ins, while Utmost is set to be rebranded as JAB Pensions following a takeover.
Employers seeking to offload schemes to free up board time, research shows
Two-thirds of UK DB pension schemes are now in surplus as of their most recent triennial valuation, prompting employers to reassess long-term endgame options.
Bulk annuities latest: Interface, Biffa and FirstGroup secure buy-ins
A trio of bulk annuity transactions have been publicised in recent days, securing the benefits of 4,700 members in deals totalling £450m.
Bulk annuities latest: L&G seals £1.7bn deal with UBS; Royal London insures steel scheme
Legal & General has completed the biggest defined benefit pension scheme buy-in so far this year, insuring 7,000 members of a section of the UBS UK Group Pension Plan.
Insurers urged to give more information on post-deal customer service
LCP and Law Debenture are calling for insurers to disclose comparable data around customer service and administration to help trustees make decisions on bulk annuity transactions.
Attractive pricing expected to keep bulk annuity market bouyant through 2026
Attractive insurance pricing should lead to a busy end to 2026 for the bulk annuity market, despite muted volumes in the first half, according to new analyses.
Endgame latest: Trio of announcements from buy-in to wind-up
The latest updates on endgame activity span from Canada Life’s £52m buy-in to the full wind-up of a flavours and fragrances company’s defined benefit pension scheme.
Bulk annuities latest: M&G strikes £100m ‘BPA-plus’ deal with financial services firm
The bulk annuity deal is combined with M&G’s With-Profits Fund to give access to potential additional investment returns. Plus, Just Group insures a manufacturer’s scheme for £11m.
Canada Life wraps up food company scheme through £400m buy-in
The transaction secures the benefits of more than 7,000 members of the Samworth Brothers Limited Superannuation Scheme, sponsored by the owner of the Ginsters and West Cornwall Pasty Company brands.
L&G strikes biggest bulk annuity deal of 2026 with £1.7bn buy-in
The buy-in secures the benefits of 16,400 members, and the trustee board highlighted the importance of continued strong customer service as a key factor in selecting L&G.
Standard Life secures £2bn capital backing to expand bulk annuity business
Standard Life is targeting larger bulk annuity deals with £2bn of expanded capacity through a partnership deal with several major financial services groups.
Sizing up the challenge: Managing the transition from buy-in to buyout
Insurers and consultants are confident about their ability to handle the high volume of bulk annuity deals, but juggling demand for resources as schemes transition from buy-in to buyout could be tricky, as Bradley Gerrard reports.
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