All Insurance articles – Page 2
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NewsRoyal London insures Rockwool scheme through £53m buy-in
Royal London has insured the defined benefit pension scheme for insulation manufacturer Rockwool through a £53m buy-in.
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OpinionThe 2024 Mansion House reforms: from theory to practice
Maria Busca, a senior policy adviser at the Association of British Insurers (ABI), argues that central to the chancellor’s planned reforms is making the UK a more investable destination.
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NewsPension Insurance Corporation secures lighting firm’s scheme for £24m
Pension Insurance Corporation (PIC) has concluded a £24m full-scheme buy-in with the Holophane Retirement Benefits Scheme, sponsored by lighting firm Holophane Europe.
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NewsPRA warns of ‘systemic risk’ building up in bulk annuity market
The Prudential Regulatory Authority (PRA) has warned of “systemic risk” within the bulk annuity market as insurers compete for defined benefit (DB) pension schemes’ business.
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NewsUtmost hires former Rothesay CFO to lead bulk annuity market push
Utmost Life and Pensions, one of the newest entrants to the UK bulk annuity market, has appointed former Rothesay Life chief financial officer Andrew Stoker as chief executive.
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NewsCompass takes a bite out of DB risk with £1.5bn buy-in
Food services company Compass Group has secured the “majority” of its DB scheme’s membership through a £1.5bn bulk annuity deal with Standard Life.
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NewsFootwear company completes £540m buy-in with PIC
Pension Insurance Corporation (PIC) has insured two sections of the C&J Clark Pension Fund, sponsored by footwear retailer Clarks.
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NewsLCP forecasts more new entrants to bulk annuity market in 2025
This year will bring a new defined benefit (DB) consolidator and another entrant to the bulk annuity market, according to consultancy group LCP.
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NewsBulk annuities latest: PIC insures first scheme through Mosaic framework
Pension Insurance Corporation (PIC) has completed its first buy-in transaction using its new streamlined system for small schemes.
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NewsAirways Pension Scheme insures £340m of longevity risk
The £5.2bn Airways Pension Scheme has completed a longevity reinsurance transaction with insurers MetLife and Zurich.
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NewsRoyal London and Just Group announce buy-in deals
Royal London has announced its fifth transaction since entering the bulk annuity market earlier this year.
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NewsBulk annuities latest: PIC insures Hays Pension Scheme for £370m
Pension Insurance Corporation has completed a £370m buy-in of the Hays Pension Scheme.
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NewsBulk annuities latest: Rothesay insures Avimo Pension Scheme for £50m
Specialist insurer Rothesay has completed a £50m buy-in of the Avimo Pension Scheme, covering more than 600 scheme members.
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NewsSuperfunds trump insurers for schemes exiting PPF assessment
Consolidators such as Clara Pensions could be a more popular future path for defined benefit (DB) pension schemes seeking to exit the Pension Protection Fund’s assessment process, according to a survey.
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NewsNational Grid powers £1.7bn buy-in with Aviva
National Grid has insured the bulk of its section of the Electricity Supply Pension Scheme through a £1.7bn transaction with Aviva.
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NewsG4S agrees £1.8bn buy-in deal with Just Group
The security company’s full-scheme buy-in is one of the largest deals of the year and a record for Just Group.
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NewsUtmost completes inaugural buy-in deal
Utmost Life & Pensions, one of the newest insurers to enter the bulk annuity market, has completed a £20m buy-in with an unnamed defined benefit (DB) scheme.
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OpinionEditor’s notes: A buy-in bonanza
NatWest’s record-breaking buy-ins illustrate a healthy market for pension fund insurance, writes Pensions Expert editor Nick Reeve.
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NewsBulk annuities update: £510m worth of benefits secured in four deals
Standard Life has secured the benefits of 2,200 people across two buy-ins worth a combined £250m, in a busy week for bulk annuity announcements.
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NewsNatWest insures £11bn through multiple buy-ins
The high street bank has conducted a series of buy-in deals this year, reportedly with Rothesay Life.