All Bulk Purchase Annuity (BPA) articles
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NewsCancer Research UK pension fund in £280m buy-in with Standard Life
Th fund worked closely with Standard Life to meet its de-risking objectives and secure the buy-in deal through a ‘bespoke’ offering
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NewsPrudential Regulation Authority puts funded reinsurance use high on agenda
Regulator to increase transparency of insurer life stress test by publishing both sector-wide and firm-specific stress test results for largest UK life insurers
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NewsBulk purchase annuity transactions hit record number in 2024
298 bulk purchase annuity transactions were completed in 2024, an increase from 227 in 2023
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NewsAberdeen takes on pension policies worth £3bn from Phoenix Life
The transfer relates to a specific book of business, which includes UK DB and DC pension funds, as well as UK Local Government Pension Schemes
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NewsUK defined benefit trustees favour sponsor loans as part of de-risking
Sponsor loans are favoured by 64% of DB trustees looking at buy-in and buyout
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AnalysisIPE UK Briefing: NEST strengthens private markets commitment
Plus: UK pensions consultants suggest there is significant opportunity for smaller pension schemes in BPA market
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NewsBrookfield confirms entry into UK BPA market
Brookfield is expected to begin operations later in the first quarter, under the Blumont Annuity UK brand
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NewsM&G completes £111m bulk purchase annuity transaction with UK manager
The transaction secures the pension scheme benefits of 466 pensioners and deferred members
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NewsScheme for machinery dealership completes £250m buy-in deal
The bulk purchase annuity insures benefits of 2,170 members
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NewsSustainability Principles Charter signatories adopt bulk annuity sustainability survey
The initiative aims to reduce the average number of sustainability surveys completed by insurers annually from 10 to one
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NewsMomentum expected to continue for smaller schemes in BPA market
2024 saw new entrants Royal London and Utmost complete their first deals below £100m
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NewsAon calls for member-centric innovation and transparency in bulk annuity market
Innovation around illiquid assets and transparency in funded reinsurance are also crucial priorities for the UK bulk annuity market, according to Aon
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NewsLufthansa completes three-in-one transaction with Royal London
Lufthansa Group has insured its three UK defined benefit (DB) pension schemes with Royal London in one integrated transaction worth £120m (€145m). Each of the pension schemes had its own unique features but the parties worked together to run the bulk purchase annuity (BPA) transactions efficiently, offering bespoke contractual terms ...
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NewsStandard Life adopts flatter leadership, merges departments
CEO Andy Curran announces retirement after 35 years with the company
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NewsSanofi Pension Scheme signs £1.4bn buy-in with Legal & General
All members of the scheme are now insured via buy-ins with Legal & General
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NewsPRA to continue scrutiny of funded reinsurance in BPA market in 2025
Regulator will consider ‘further use’ of its powers if firms are not meeting its expectations
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NewsLCP predicts new DB superfund and insurer PRT entrant in 2025
Consultancy expects 2025 to be another bumper year with £40-50bn of buy-ins
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NewsHays pension scheme completes £370m buy-in with PIC
The transaction is final step towards Hays fully insuring its UK DB pension obligations
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AnalysisIPE UK Briefing: Consolidating LGPS assets and DC funds into 'megafunds'
Plus: British Growth Partnership; Innovation in BPA market
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NewsKION Group completes £250m buy-in deal with Canada Life
Deal covers five different UK DB pension schemes within the group, covering the benefits of over 3,000 members
