All Insurance articles – Page 8
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NewsCharity scheme to leave PPF assessment in £30m buy-in
On the go: The John Townsend Trust Pension and Assurance Scheme has agreed a £30m full scheme buy-in with Legal & General, moving out of the assessment period at the Pension Protection Fund.
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NewsHealthcare diagnostics scheme completes £130m full buy-in
On the go: The PerkinElmer (UK) Pension Scheme has completed a £130m full buy-in with Phoenix Group subsidiary Standard Life.
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NewsExperts warn against major pension tax changes this autumn
The government’s attempts to source billions of pounds in spending by altering pensions taxation are unlikely to be successful, although the Autumn Budget is unlikely to produce major announcements in this area, experts have said.
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NewsMiracle Garden Care scheme agrees £49m full buyout
On the go: The Miracle Garden Care Pension Scheme has completed a £49m buyout deal with Just Group.
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NewsCMA to investigate Willis Towers Watson deal
On the go: The Competition and Markets Authority has announced an investigation into a planned merger between American insurance brokerage Arthur J Gallagher & Co and Willis Re, Willis Towers Watson’s treaty reinsurance business.
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NewsMetal Box completes £2.2bn full buy-in with PIC
On the go: The Metal Box Pension Scheme has completed a full £2.2bn buy-in with Pension Insurance Corporation, with plans to convert this to a buyout in November 2021.
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NewsTrustees on the hook as ‘high street’ advice market goes into free fall
Trustees are being saddled with the burden of sourcing financial advice for members as the high street advice market goes into free fall, halving in just three years, LCP has said.
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NewsBuilders’ merchant scheme secures £8m buy-in
On the go: The £9.4m Atkinson Northern Limited Retirement Benefits Scheme has secured an £8m buy-in with Legal & General Assurance Society.
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NewsRoyal Mail CDC scheme closer to reality as consultation launches
Royal Mail has launched a consultation on its new collective defined contribution scheme, detailing the structure of the new pension fund, which the postal company is aiming to launch in 2022.
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NewsSelecta UK scheme agrees £250m full buy-in with Legal & General
On the go: The Selecta UK Pension Plan has completed a £250m full buy-in with Legal & General Assurance.
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NewsKeysight plan agrees buy-in, motor industry section reaches buyout
Risk Watch: A roundup up of the latest derisking transactions, including the Keysight Technologies plan’s £250m deal with Just Group and Ashwal Garage’s insurance transaction with Aviva.
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NewsInsurers called to protect trustees against GMP claims
The lack of statutory protection afforded to trustees means the insurance industry will have to shield these professionals against claims related to guaranteed minimum pension equalisation in cases where benefits are secured with annuity providers, legal experts have warned, while uncertainty about trustees’ obligations remains.
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NewsBulk annuity deals’ strong momentum to carry on into 2022
On the go: Around £25bn worth of bulk annuity transactions is expected by the end of the year, recovering from a slow start and creating momentum expected to carry over to trades in 2022, according to Aon’s latest risk settlement market update.
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NewsJohn Laing agrees £320m deal with Aviva, Artemis finalises full buy-in
Risk Watch: A roundup up of the latest derisking transactions, including the John Laing Pension Fund deal with Aviva, and Artemis Pension Plan’s full buy-in with Just Group.
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NewsChildren’s car seat manufacturer completes £30m triple buy-in
On the go: Britax Childcare Group has completed a triple buy-in for its three defined benefit schemes worth £30m with Just Group.
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NewsUK’s bulk annuity market to reach £25bn in second half of 2021
On the go: Despite a quieter start to the year in the UK’s bulk annuities market, the second half of the year is “expected to be very busy” reaching a volume of around £25bn in deals, analysis from Legal & General has shown.
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NewsBritish American Tobacco secures second buy-in with PIC
On the go: The £4.2bn British American Tobacco UK Pension Fund, has signed an additional buy-in deal with Pension Insurance Corporation, insuring approximately £400m of pensioner liabilities.
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NewsKingfisher completes £900m buy in; Londis scheme winds up
Risk watch: A roundup of the latest derisking transactions, including the Kingfisher scheme’s £900m buy-in with Aviva and the Londis scheme winding up after a bulk annuity transaction.
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OpinionDon’t wait to be grey to be green
Charles Clarke, client communications lead at BNP Paribas Asset Management, details the challenges ahead for the pensions industry in its mission of switching the economy from stopping polluting to starting rebuilding.
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NewsDigital imaging scheme completes £230m buy-in
On the go: The Agfa UK Group Pension Plan has completed a £230m annuity buy-in transaction with Phoenix Group, covering 70 per cent of its pensioner liabilities.