All buy-in articles
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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
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
Compass Group Pension Plan completes £1.5bn buy-in with Standard Life
The transaction secures the benefits of over 14,000 pensioner members and 11,000 deferred members
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News
Clarks Footwear Pension Fund completes second buy-in with PIC
PIC has now insured all £820m of the fund’s defined benefit liabilities
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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
PIC completes first transaction under streamlined service Mosaic
The buy-in deal for the General Council of the Bar Pension and Life Assurance Fund is worth £20m and covers its 103 members
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Analysis
DB schemes indicate growing preference for retaining assets
But buyout remains preferred option, according to UK pensions industry
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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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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
National Grid’s Electricity Supply Pension Scheme completes £1.7bn buy-in with Aviva
The transaction included transitioning the group’s existing longevity swap with Zurich to Aviva
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News
G4S Pension Scheme completes £1.8bn buy-in deal with Just Group
The scheme’s funding level had improved in recent years, enabling the trustee and company to accelerate de-risking plans
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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
Isio acquires K3 Advisory to enhance risk settlement capabilities
The K3 Advisory team and brand will continue to operate as a distinct service offering within the Isio group
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News
Church of England Pensions Board completes £145m buy-in with Aviva
All pensions within the Church Workers Pension Fund are now secured with insurers
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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
Thomas Miller & Co complete £140m buy-in with Aviva
The transaction secures the benefits of all members in the scheme