All Bulk Purchase Annuity (BPA) articles
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News
Aviva launches streamlined bulk purchase annuity service for smaller schemes
The service supports market access for schemes with assets below £100m
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News
De Beers Pension Scheme completes £850m full buy-in deal with PIC
The transaction secures the pensions of 1,464 pensioner members and 473 deferred members of the scheme
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News
Scottish Widows and Rothesay complete £6bn in-force bulk annuity deal
The transaction is expected to lead to a Part VII transfer of underlying assets and policy liability next year
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News
Royal London kicks off entry into UK bulk annuity market
The move follows transaction with Royal Liver UK pension scheme and the Royal London Group pension scheme
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News
Funded reinsurance should not pose ‘material risk’, according to Fitch Ratings
Ratings agency says the use of funded reinsurance applies to less that 30% of life insurers bulk annuity business
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Analysis
Bank of England right to scrutinise the role of funded reinsurance
Prudential Regulation Authority calls for limited exposure to reinsurance
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News
Vector Pension Scheme completes buy-in with Standard Life
The transaction secures the benefits of approximately 1,800 members
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News
2024 to be the biggest year for UK pension de-risking
WTW expects the pension risk transfer market to reach £80bn in 2024
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News
Pension insurers charter commits to sustainable pension risk transfers
‘The charter delivers on a better articulation of what the pensions community wants from insurers,’ says A4S
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News
Unisys pension schemes complete buy-in with Standard life
£300m bulk annuity purchase will secure the benefits of 2,400 members
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News
Guilbert UK Retirement Benefits Plan completes bulk annuity transaction
The transaction sees Aviva insure the benefits of around 1,500 scheme members
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News
Trustees expect more from new bulk annuity market entrants
Trustees now assess insurers on financial strength, ESG factors, administration capacity and quality, buyout capabilities, and brand awareness
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News
UK pension schemes concerned over insurer capacity as they approach endgame
The total deal value for bulk annuity transactions is expected to reach ‘well over’ £40bn in 2023
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News
UK sees record £21.2bn transferred to insurers in first half of 2023
LCP research shows number of UK private sector DB schemes fully-funded on buyout has increased to 20%
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News
Northern Bank Pension Scheme secures benefits of nearly 2K members
The transaction also involved the successful transfer of an illiquid asset from the pension scheme
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News
M&G returns to UK bulk annuity market
The buy-in for M&G’s own pension fund secures the benefits of 1,414 pensioners and deferred members
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News
UK roundup: Leonardo Helicopters scheme picks Isio as actuarial adviser
Plus: DB trustees focus on illiquids when targeting bulk purchase annuities; Pension industry urged to reach out to LGBTQIA+ community
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News
Busiest H1 on record as bulk annuity transactions estimated to reach £25bn
Over £17bn of transactions have already been announced
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News
Wave of demand for bulk annuity market expected to hit record level
Bulk annuity market doubled over the last five years, says PIC
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News
Harrods pension scheme completes buy-in deal worth £400m
The deal secured benefits of around 1,900 pensioners and 2,100 deferred plan members