All Bulk Purchase Annuity (BPA) articles
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News
Scheme for machinery dealership completes £250m buy-in deal
The bulk purchase annuity insures benefits of 2,170 members
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News
Sustainability 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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News
Momentum 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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News
Aon 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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News
Lufthansa 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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News
Standard Life adopts flatter leadership, merges departments
CEO Andy Curran announces retirement after 35 years with the company
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News
Sanofi 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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News
PRA 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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News
LCP 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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News
Hays 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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Analysis
IPE UK Briefing: Consolidating LGPS assets and DC funds into 'megafunds'
Plus: British Growth Partnership; Innovation in BPA market
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News
KION 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
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News
M&G launches Value Share Bulk Purchase Annuity with £500m transaction
The proposition balances the needs of both members and sponsor
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Analysis
UK’s productive agenda overlooks life insurers holding £310bn of pension assets
UK life insurers could potentially invest up to £100-£200bn in productive investments over the next 10 years
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News
Three UK pension schemes complete buy-in transactions
Atradius Pension Scheme completed £190m buy-in with PIC; Halma Group Pension Plan and Apollo Pension and Life Assurance Plan completed £250m buy-in with Standard Life
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News
Deutsche Bank UK scheme completes final £1.1bn buy-in with Legal & General
The transaction marks the third and final transaction for the scheme, bringing the total of insured liabilities with L&G to £2.1bn
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News
RAC pension scheme completes £1.3bn buy-in with Aviva
The transaction secures benefits for circa 19,000 members
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News
Michelin Pension scheme completes £1.5bn buy-in with Aviva
The transaction secures benefits of circa 15,000 scheme members
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News
Royal London targets transactions up to £500m as it cements BPA market entry
The insurer has established a team of 40 experts led by director Paul Bowker
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Analysis
UK bulk annuity market expected to close at £40-50bn in 2024
Before the end of the year, there will be 11 insurers providing quotes on deals, more than ever before in the UK and showing the vibrancy of the market, says WTW