Royal London has insured the Harwich Haven Authority Pension Fund through a £45m full scheme buy-in covering all 170 members.
The deal covers 667 members of the Bibby Line Group Ltd Pension Scheme, sponsored by Liverpool-based financial services and maritime company Bibby Line Group.
Standard Life’s latest research suggests that members may need greater reassurance when their pension scheme is going through a bulk annuity transaction.
The British Board of Agrément (BBA) has insured its defined benefit (DB) pension scheme through a £20m buy-in with Aviva.
Just Group has completed a £16m buy-in for the defined benefit (DB) pension scheme of a military veterans’ charity, Royal Star & Garter.
The new Pension Insurance and Investment Board will be chaired by Just’s David Richardson and is one of four product committees that will report to the trade body’s main board.
The UK’s largest defined contribution (DC) master trust has appointed pension insurance specialist Rothesay to co-design a bulk deferred annuity as part of its planned post-retirement offering.
Plus: Cheesemaker Primula spreads pension risk through £6.6m buy-in with Pension Insurance Corporation.
Finland’s largest airline has insured its UK defined benefit pension scheme, completing the journey from buy-in to buyout in less than two months.
The deal marks the insurer’s second biggest buy-in to date and secures the benefits of more than 1,600 pension scheme members.
More than 350 bulk annuity transactions were completed in 2025, according to a new estimate, as streamlined processes have opened up the market to smaller pension schemes.
Bulk annuity providers M&G and Just Group have reported on their new business volumes for 2025 amid increasing competition among insurance companies.