All Bulk Purchase Annuity (BPA) articles
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NewsIGG launches centre of excellence to help schemes navigate endgame solutions
TPR analysis shows 3,750 of 5,000 DB schemes as being in surplus on a low dependency basis, with a further 950 approaching the same level of funding
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NewsSmart Pension completes tenth acquisition bringing AUM to £6bn
The master trust anticipates reaching £10bn in AUM within three years
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NewsBrookfield’s entry into UK bulk annuity market marks next wave of new entrants
K3 Advisory says at least three other new entrants are at varying stages of readiness to enter the market
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NewsNSK and Menzies funds drive £569m in additional buy-ins for UK market
The deal for Menzies’ DB scheme included dovetailing with a secondary market sale of an illiquid asset
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NewsRolls-Royce & Bentley Pension Fund inks £880m buy-in
The buy-in included novation of the scheme’s existing longevity swap with Standard Life
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NewsSibelco Pension Scheme completes £165m buy-in with Aviva
Plus: K3 Advisory launches small scheme buy-in to buyout services
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NewsAviva launches streamlined bulk purchase annuity service for smaller schemes
The service supports market access for schemes with assets below £100m
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NewsDe 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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NewsScottish 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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NewsRoyal 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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NewsFunded 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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AnalysisBank of England right to scrutinise the role of funded reinsurance
Prudential Regulation Authority calls for limited exposure to reinsurance
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NewsVector Pension Scheme completes buy-in with Standard Life
The transaction secures the benefits of approximately 1,800 members
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News2024 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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NewsPension 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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NewsUnisys pension schemes complete buy-in with Standard life
£300m bulk annuity purchase will secure the benefits of 2,400 members
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NewsGuilbert 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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NewsTrustees 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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NewsUK 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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NewsUK 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%
