All Bulk Purchase Annuity (BPA) articles – Page 5
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LCP sees ‘net neutral’ COVID-19 effect on 2020 buy-in/out volumes
Consultancy estimates £25bn of deals this year
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UK roundup: DC operator furloughs staff; Six de-risk in March
Also: The People’s Pension changes charging structure for COVID-19 cushioning effect
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Merchant navy fund converts longevity swap to £1.6bn buy-in
Transaction said to have been helped by use of Guernsey captive cell in 2014
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AWH Group completes bulk annuity transaction
‘The buyout market for small schemes is growing exponentially’
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UK roundup: £1.06bn added to bulk annuity 2019 books
Plus: Hymans Robertson’s master trust report; Opperman retains pensions minister job
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UK roundup: WTW urges investors to review multi-asset strategies
Mercer forecasts quadrupling of UK pension scheme bulk buy-outs over next decade
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Aegon UK, family business plans add £153m to 2019 bulk annuity activity
Aegon UK scheme strikes deal with Phoenix, Carter & Parker scheme with Canada Life
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Energy scheme completes rare longevity swap to buy-in conversion
£750m deal between Scottish & Southern Energy scheme and PIC marks fifth conversion
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Aviva Staff Pension Scheme agrees £1.7bn buy-in with sponsors Aviva
Bulk annuity is on top of a £5bn longevity swap the scheme completed in 2014
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Bulk annuities market nears £35bn as Asda strikes £3.8bn deal
Full scheme buy-in expected to be followed by a buy-out
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Rothesay breaks another record with £3.8bn buy-in
The deal secures benefits for 27,000 former employees of UK drinks company Allied Domecq’s DB scheme, and is the biggest buy-in to cover both retired and deferred members
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UK schemes preparing for endgame with equity cuts and liability hedges
Aon survey shows pension funds are stepping up de-risking activity and allocating more to alternative asset classes
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Tate & Lyle agrees £930m buy-in with L&G
The food and beverage company has now insured its entire £1.2bn pension scheme with Legal & General, covering 6,700 members
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Rothesay Life to raise £500m in preparation for DB insurance deals
Plus: Legal & General has insured a UK law firm’s £35m scheme, transferring from its fiduciary management business
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High Court blocks £12bn Prudential-Rothesay annuities transfer
Unusual judgement could increase insurer appetite for pension buy-ins or buyouts, says expert
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Cadbury Mondelēz takes a bite out of liabilities with £520m buy-in
Deal with Rothesay Life is pension scheme’s second buy-in in 10 years as insurers process busy pipeline of de-risking transactions
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Tobacco giant seals £3.4bn pension de-risking deal with PIC
Transaction accounts for the bulk of British American Tobacco’s UK DB pension fund, and is Pension Insurance Corporation’s biggest deal to date
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Smiths Group secures £176m buy-in with Canada Life
FTSE 100-listed engineering firm strikes pension risk transfer deal bringing total bulk annuity value across all schemes to £1.6bn
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British Steel buyout ‘could affect pension insurance market capacity’
British Steel Pension Scheme trustees are reportedly in early stage talks regarding a pension risk transfer deal to secure the pensions of its 81,000 members