Latest articles from Rachel So

UK bulk annuity deals drop at the end of 2021

Dreamstime

Data crunch: The volume of bulk annuity transactions edged downwards towards the end of last year, according to new research, although buy-ins and buyout deals rose between Q3 and Q4.

Lloyds Bank Pension Scheme signs £5.5bn longevity swap

News on the go

On the go: The circa £21.4bn Lloyds Bank Pension Scheme No.1 has entered into a £5.5bn longevity insurance and reinsurance arrangement with Scottish Widows and SCOR.

London CIV launches alternative credit fund

News on the go

On the go: London CIV, which oversees around £26bn on behalf of 32 London Local Government Pension Schemes worth a collective £45bn, has launched its Alternative Credit Fund.

LPFA divests from extractive fossil fuels, PIC invests in urban project

ESG spotlight

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, as a local authority pension fund divests from extractive fossil fuels and the Pension Insurance Corporation invests in a Milton Keynes build-to-rent project.

Merchant Navy Officers scheme completes PIC buy-in

News on the go

On the go: The £3.2bn Merchant Navy Officers Pension Fund has signed a second buy-in with Pension Insurance Corporation worth £400mn. 

Engineering company completes DB section full buy-in

News on the go

On the go: The Stantec Pension Plan (UK), which comprises the Stantec UK Defined Contribution section, Stantec UK Defined Benefit section, and Stantec Treatment Defined Benefit section, has completed a full buy-in for its Treatment DB section with Just.

Northern Bank agrees two buy-ins, Phoenix signs reinsurance deals

Risk Watch

Risk watch: A roundup up of the latest derisking transactions, including Northern Bank Pension Scheme’s two buy-in transactions with Aviva, and Phoenix Group’s two longevity reinsurance transactions with a MetLife subsidiary.

Manufacturing company agrees £75m buy-in

News on the go

On the go: The Triplex Lloyd Final Salary Plan has agreed a circa £75m bulk annuity transaction with Legal & General Assurance Society for the Doncasters section of the defined benefit scheme.

LGPS Central commits to net zero, PIC invests in urban regeneration

ESG spotlight

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including LGPS Central committing to net zero, and Pension Insurance Corporation investing in an urban regeneration project.

LGPS Central appoints property and investment manager

News on the go

On the go: LGPS Central, which has around £49bn in assets under management on behalf of eight Local Government Pension Scheme funds, has awarded a contract for property and investment management services.