All Insurance articles – Page 3
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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 regulator for insurers and banks has warned of “systemic risk” within the bulk annuity market as insurers compete for DB pension schemes’ business.
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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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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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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 and Just Group have completed full buy-ins for small pension schemes, while Isio looks forward to 2025’s bulk annuity market.
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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
The transaction covers 853 pensioners and dependents, and 3,368 deferred members linked to Hays, a recruitment company. Hays injected approximately £13m to help finance the deal.
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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 could be a more popular future path for DB pension schemes seeking to exit the PPF’s assessment process, according to a survey.
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NewsNational Grid powers £1.7bn buy-in with Aviva
The buy-in includes the transfer of a 2018 longevity swap contract, and insures the pension benefits of nearly 6,000 people.
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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
The latest insurer to enter the bulk annuity market has completed a £20m buy-in with an unnamed 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
A quartet of transactions have been announced this week securing the defined benefit pensions of nearly 4,000 people.
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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.
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NewsBudget 2024: Reeves raises employer national insurance
Changes also include higher employment allowance and the inclusion of inherited pensions in the inheritance tax system.