All longevity articles
-
NewsLloyds DB schemes secure further longevity reinsurance deals
Three transactions cover £4.8bn in liabilities across three schemes and come on top of two deals announced in March worth £5.1bn.
-
NewsBBC strikes £6bn longevity swap deal to extend scheme insurance
The broadcaster’s defined benefit pension scheme has secured a longevity swap transaction with MetLife and Zurich, five years after its first such deal was completed.
-
NewsLCP calls for radical rethink of state pension age amid fiscal pressures
LCP’s Stuart McDonald and Steve Webb have set out a proposal that would link the state pension age to life expectancy while protecting those with shorter life expectancies.
-
NewsNew mortality model signals first rise in pensioner life expectancy since pandemic
The latest update to the Continuous Mortality Investigation model has shown an increase in reported life expectancies for retirees for the first time in several years.
-
NewsLloyds ringfences £5.1bn with two longevity swaps
The deals cover liabilities for two schemes sponsored by Lloyds Banking Group and follow previous transactions in 2020 and 2022.
-
NewsWhat a new mortality model means for your pension scheme
New mortality data and calculations being introduced later this year could increase liabilities for some DB schemes – but others could see theirs fall further.
-
News2024 was record year for bulk annuities, data shows
Preliminary data on bulk annuity transactions shows that approximately £52bn worth of deals were completed last year – a new record.
-
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.
-
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.
-
NewsDC pensions: Providers and regulators need to work on innovation
DC pensions providers, regulators and the wider pensions industry need to develop resources to help members extract more value from their savings, a report has found.
-
NewsBarclays Bank scheme completes £7bn longevity deal
On the go: The £41.2bn Barclays Bank UK Retirement Fund has reinsured £7bn of liability against longevity risk with an insurance subsidiary of Prudential Financial.
-
NewsCoats UK scheme agrees £350mn bulk annuity deal with Aviva
On the go: The $3.1bn (£2.5bn) Coats UK Pension Scheme, which merged with the Brunel Holdings Pension Scheme and the Staveley Industries Retirement Benefits Scheme in 2018, has agreed a £350mn bulk annuity deal with insurer Aviva.
-
NewsBalfour Beatty Pension Fund completes £1.7bn longevity swap
On the go: The £4bn Balfour Beatty Pension Fund has signed a £1.7bn longevity swap transaction with Zurich Assurance and Scor.
-
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.
-
News‘Let’s rethink all’ member options before dashboards introduction
Legislative and policy assumptions about member behaviour as they approach retirement are completely out of sync with reality, and now is the time to “rethink all of it” before dashboards are introduced, according to Philip Brown, group director of policy and external affairs at B&CE, provider of The People’s Pension.
-
OpinionRetirement outcomes: The buck stops where?
HUB Group chief marketing officer Stephen Lowe questions who is responsible for delivering better retirement outcomes for pension scheme members?
-
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.
-
NewsCollective defined contribution schemes launch in Great Britain
On the go: Providers in Great Britain are now able to apply to launch collective defined contribution schemes, a development hailed by pensions minister Guy Opperman for its potential to “transform the UK pensions landscape”.
-
NewsUBS scheme extends longevity swap
On the go: The UBS (UK) Pension and Life Assurance Scheme has extended its longevity swap with Zurich Assurance and Canada Life Assurance Company by £0.5bn.
-
NewsMcCloud sees more public sector schemes breach cost-cap ceiling
Three more public sector schemes have breached the cost-control mechanism as a result of the McCloud remedy, the Government Actuary’s Department has confirmed.