All buy-in articles – Page 2
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Telereal Pension Plan completes £130m buy-in with Aviva
The deal covers the defined benefit liabilities for around 500 members of the plan
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ICI Pension Fund completes £900m buy-in with Legal & General
The transaction secures the benefits of over 7,000 retirees
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Lucite International Pension Fund in £130m buy-in with Just Group
The transaction secures the benefits of 438 uninsured members, including 156 pensioners and dependants and 282 deferred members
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De 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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Next Group completes £510m buy-in deal with Pension Insurance Corporation
Pension liabilities for over 3,600 pensioners and deferred policyholders of the Next Pension Plan have now been fully insured
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Ockham Pension Scheme completes £110m buy-in deal with Just Group
This is a third buy-in completed by a pension scheme sponsored within Liverpool Victoria
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Vector Pension Scheme completes buy-in with Standard Life
The transaction secures the benefits of approximately 1,800 members
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UK innovation and tech pension scheme in £400m buy-in deal with Just Group
The deal secures the benefits of all 2,500 pensioners and dependants and 1,500 deferred members of the scheme
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Rexam Pension Plan in £1.4bn buy-in deal with Rothesay
The deal secures the benefits of over 14,000 members of the scheme
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Two new players predicted to enter UK buy-in market in 2024
LCP is currently in discussions with six potential providers weighing up their options for entering the market
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Pharmacists to complain about Boots and L&G buy-in deal
Pharmacists union members plan to complain about the removal of an unreduced pension option following Boots and L&G transaction
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Thales Pension Scheme secures £2.7bn buy-in with Rothesay
The transaction secures benefits of over 16,000 members – 10,512 pensioners and dependants as well as 5,915 deferred members
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Boots pension scheme completes largest single transaction with L&G
The deal secures benefits of all 53,000 retirees and deferred members of the scheme
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Co-op pension fund insures remaining £4bn of liabilities
The transaction secures benefits for almost 50,000 members
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Deutsche Bank UK pension scheme completes £500m buy-in with Legal & General
The deal marks third buy-in for the scheme and secures benefits of around 2,000 retirees and deferred members
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Bayer Group Pension Plan in £280m buy-in with Canada Life
The transaction secures the benefits of 40% of the plan’s pensioners, with umbrella contract allowing to insure further liabilities in the future.
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UK 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%
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Pension schemes encouraged to run on to avoid potential value loss
Van Lanschot Kempen launched a solution for schemes approaching their endgame to encourage longer term thinking for the benefit of members, trustees and sponsors
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London Stock Exchange Pension Scheme in £335m buy-in with Standard Life
The transaction secures benefits of the scheme’s 1,740 members
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Northern Bank Pension Scheme secures benefits of nearly 2K members
The transaction also involved the successful transfer of an illiquid asset from the pension scheme