All buy-in articles – Page 11
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News
National Grid UK pension scheme de-risks further with £1.6bn buy-in
Deal with Legal & General covers more than 6,000 pensioner members in Section B
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NewsAegon 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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One-third of FTSE 100 companies have carried out derisking deals
Aon: Figures indicate high-profile UK businesses are paying increasing attention to pensions risks
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National Grid UK pension scheme seals £2.8bn buy-in
Transaction is the third large pension deal with Rothesay Life to have been announced within the last two weeks
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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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NewsUK 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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NewsRothesay 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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L&G backs ‘innovative’ buy-in for Hitachi UK pension scheme
The data and technology company’s scheme has insured members’ benefits, preserving an unusual DB-DC hybrid arrangement
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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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NewsDe-risking deals totalled £17.6bn in H1: LCP
Legal & General and Pension Insurance Corporation dominated the market for buy-ins and buyouts in the first six months of 2019, and the total for the full year is set to be a record
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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
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L&G launches blockchain-based pension insurance platform [updated]
Legal & General has teamed up with Amazon to develop a blockchain-based pension risk transfer process, dubbed Estua-re
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Rolls-Royce UK pension fund seals record £4.6bn de-risking deal
Trustee to offload £4.1bn of pension liabilities covering 33,000 pensioners to Legal & General, and transfer £4.6bn of assets
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News
Marks & Spencer strikes fresh buy-ins worth £1.4bn with PIC, Phoenix
The UK high street chain has now insured ‘approximately two thirds’ of its pensioner liabilities to reduce exposure to longevity changes and other risks
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UK roundup: Carillion DC schemes join Willis Towers Watson’s master trust
Plus: Capita’s DC master trust allocates £320m to Schroders sustainable multi-factor fund; L&G backs £95m 3i pension buy-in
