All Insurance articles – Page 5
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NewsTPR: Improved funding steering DB sector towards buyout
Around nine in 10 defined benefit trustees and employers now have a long-term objective in place, with positioning for a buyout more common than reaching a position of low dependency.
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NewsAerospace scheme secures buy-in, baking co-op derisks with L&G
Risk watch: A round up of the latest derisking transactions, including the Cobham Pension Plan £530mn bulk annuity deal with Standard Life, and the Flour Milling and Baking Research Association Pension and Assurance Scheme £10mn assured payment policy.
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NewsBulk annuity transactions reach £12bn in first half of 2022
On the go: The total volume of buy-in and buyout transactions reached £12bn in the first half of 2022, according to research from Hymans Robertson.
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NewsCould gilt market shock push schemes towards insurers over LDI?
The market shock prompted by the government’s “mini” Budget could see a shift away from liability-driven investment strategies and toward insurance deals, experts have suggested.
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NewsYell Pension Plan agrees £370mn full buy-in
On the go: The Yell Pension Plan has agreed a £370mn buy-in with Pension Insurance Corporation, covering the remaining liabilities of the defined benefit scheme.
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NewsFirst-half bulk annuity volumes surge 50% against 2021
On the go: The pensions risk transfer market is up 50 per cent in the first half of 2022 compared with last year’s H1 figure, with £12bn in buy-ins and buyouts making for the third-largest H1 figure on record, according to analysis from LCP.
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NewsInsurers publish first bulk annuity ‘best practice’ guide
On the go: UK insurers have collaborated to produce the industry’s first-ever “best practice” guide for schemes preparing for bulk annuity quotations, laying out principles by which trustees, advisers and administrators should abide.
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NewsNest Insight emergency savings trial shows ‘very encouraging’ results
On the go: A trial of an opt-out emergency savings scheme has seen “very encouraging” early findings, boasting a 53 per cent participation rate, according to Nest Insight.
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NewsBarloworld UK scheme secures £484mn full buy-in
On the go: The Barloworld UK Pension Scheme has agreed to a £484mn full scheme buy-in with Just Group.
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NewsCarr’s Group Pension Scheme eyes full buyout
On the go: The £75.6mn Carr’s Group Pension Scheme may secure a full buyout after its sponsor announced an agreement to sell its interest in a subsidiary.
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NewsKesslers Group scheme agrees £21mn full buy-in
On the go: The Kesslers Group Pension Plan has agreed a £21mn full scheme buy-in with Legal & General.
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NewsSchemes urged to revisit buyout plans in rising rate environment
Rising interest rates and the subsequent fall in liability valuations and deficits have now made buyouts more affordable for a larger number of pension funds, with consultants urging schemes to restructure their investment strategy to make it more palatable to an insurance company.
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NewsTransfer volumes could hit £600bn as insurers post strong results
A host of insurers have revealed their first-half 2022 results that show a booming trade in risk transfers, which, by some projections, could hit £600bn over the next decade — though there are fears about a capacity crunch in the sector.
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NewsWHSmith scheme completes £1bn full buy-in
On the go: The WHSmith Pension Trust has secured a £1bn full buy-in with Phoenix Group subsidiary Standard Life.
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NewsOmbudsman fines Capita for substandard administration
The Pensions Ombudsman has told Capita to pay £500 to a disgruntled scheme member as its communications “fell below the standards of good administration”, though the member’s substantive complaint was not upheld.
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NewsMedway Packaging scheme completes full £52mn buy-in
On the go: The Medway Packaging Pension Scheme has completed a full buy-in with Pension Insurance Corporation covering £52mn of liabilities.
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NewsBulk annuity deal volumes on track to hit £35bn in 2022
On the go: Total buy-in and buyout volumes are on track to reach £35bn by the close of the year, up more than 25 per cent from £27.7bn registered in 2021.
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NewsBulk annuity deals hit £27.7bn in 2021
On the go: Buy-in and buyout transactions hit £27.7bn in 2021, with the majority of deals, representing £20.9bn, occurring in the second half of the year, according to new research.
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NewsDe La Rue agrees £320mn buy-in
On the go: The £988.7mn De La Rue Pension Scheme has agreed a £320mn buy-in with insurer Scottish Widows.
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NewsNew British Steel scheme signs second buy-in
On the go: The British Steel Pension Scheme II has secured a second buy-in with Legal & General, insuring around 25 per cent of its liabilities.