All Insurance articles – Page 6
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News‘Flurry of activity’ expected in the bulk annuity market
On the go: The buy-in and buyout market is expected to have a “flurry of activity” over the next 12 months as defined benefit schemes look to accelerate their derisking plans, according to LCP.
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NewsGovt plans looser insurer infrastructure investment regime
On the go: The government has published a new consultation on Solvency II, with the aim of helping insurers invest in UK infrastructure and green projects.
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PodcastsPodcast: ‘Pot follows member’ legislation needed to solve small pots problem
Podcast: Industry consensus is needed to support a ‘pot follows member’ solution to the small pots problem, with previous attempts to solve it having failed, says Henry Tapper, executive chair of AgeWage. He is joined by Tom McPhail, director of public affairs at the Lang Cat, to discuss small pots, commercial consolidators, and more McCloud woe for the Local Government Pension Scheme.
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NewsWilliam Hill insures all liabilities, boarding school agrees full buy-in
Risk watch: A roundup up of the latest derisking transactions, including the William Hill scheme’s transaction with Rothesay and Gordonstoun School’s full buy-in with Legal & General.
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NewsNew British Steel scheme to make £58mn additional payout
Some 50,000 pensioner members of British Steel Pension Scheme II will receive a one-time extra payment, worth collectively £58mn, due to the pension fund’s positive results.
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NewsAsset manager scheme secures £175mn full buy-in
On the go: The Findel Group Pension Fund has agreed a £175mn full scheme buy-in deal with Standard Life.
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NewsAir Canada completes £380mn buy-in, Keysight signs £58mn deal
Risk watch: A roundup up of the latest derisking transactions, including the Air Canada (UK) Pension Trust Fund’s £380mn buy-in with Pension Insurance Corporation, and the Keysight Technologies UK Limited Retirement Benefits Plan’s £58mn deal with Just Group.
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NewsPandemic could cut FTSE 100 DB contributions by £5bn
On the go: The wider health effects of the coronavirus pandemic could see FTSE 100 defined benefit scheme sponsors slash longer-term contributions by around £1bn a year, new research has revealed.
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NewsChemicals manufacturer scheme completes full £9mn buy-in
On the go: The Lakeland Laboratories Limited 2012 Retirement Benefit Scheme has completed a full £9mn buy-in with Just Group.
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OpinionUnprecedented DB scheme funding levels: Is this as good as it gets?
Sponsors should start to consider derisking their defined benefit schemes, as the current favourable level of investment gains and funding levels will not last forever, writes State Street Global Advisors’ Jeremy Rideau.
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NewsCornish pension scheme agrees £11mn buyout with L&G
On the go: The circa £11mn Cornish Mutual Assurance Company Staff Pension Scheme has agreed a buyout with Legal & General Assurance Society.
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NewsBuck completes first ‘standalone’ GMP equalisation project
On the go: Buck claims it has completed the industry’s first ‘standalone’ guaranteed minimum pension equalisation project.
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NewsLloyds Bank Pension Scheme signs £5.5bn longevity swap
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.
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NewsMid-sized deals prompt strong growth in bulk annuities market
On the go: Strong demand for bulk annuity transactions is likely to persist until the end of the decade, with annual liability deals totalling around £40bn, according to a new report from Moody’s Investors Service.
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NewsScottish Widows to invest in companies driving decarbonisation
On the go: Scottish Widows will invest up to £25bn by 2025 in businesses that it views as leading on decarbonisation and climate-aware solutions, according to the company’s new climate action plan.
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NewsEngineering company completes DB section full buy-in
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.
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NewsNorthern Bank agrees two buy-ins, Phoenix signs reinsurance deals
Riskwatch: 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.
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NewsManufacturing company agrees £75m buy-in
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.
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NewsSlash EU red tape and use pension money to level up, Aviva boss says
On the go: The government should use Brexit to loosen insurance regulation in order to “put our country’s pension funds to national use”, Aviva chief executive Amanda Blanc has said.
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NewsICAEW’s pension scheme completes £50m buy-in
On the go: The £206.4m Institute of Chartered Accountants Staff Pensions Fund has completed a £50m buy-in transaction with Canada Life.