All buy-in articles – Page 8
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De-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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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
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UK roundup: Cost disclosure tool signs up 30 clients
Plus: BoAML pension fund secures £400m buy-in with Scottish Widows
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Scottish Widows insures £830m of liabilities in two bulk annuity deals [updated]
Also: KPMG targets small DB schemes with collective pension risk transfer process
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Commerzbank UK scheme insures DB and DC sections for £1.2bn
Also: Rothesay Life backs £110m buyout of electronics company pension plan
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US tech company scheme edges closer to buyout after £230m deal
Plus: FTSE 100-listed Segro and energy firm Hunting offload pension schemes in seperate buyout deals
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A Brexit checklist for UK pension funds
Hogan Lovells’ Faye Jarvis explores what the UK’s departure from the EU could mean for pension fund trustees
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UK publishing company agrees £500m buy-in with L&G
Deal brings total liabilities insured to £1.7bn following transactions in 2017
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AkzoNobel pays off shortfall at UK subsidiary pension funds [updated]
Sponsor pays €639m in final payments to two schemes to bridge funding gaps
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UK roundup: Pfizer subsidiary agrees £158m buy-in deal
Plus: Apollo agrees further funding arrangements with RPC schemes; JP Morgan invests in Smart Pension
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UK roundup: Schroders’ DC funds pass ‘value for money’ test
Also: Reuters seals £625m risk transfer deal; DWP attempts to reassure on post-Brexit state pension payments
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UK roundup: FTSE 350 companies ‘could de-risk at low or no cost’
Also: Rentokil Initial seals £1.5bn buy-in with PIC; Listed companies’ combined shortfall improved in November
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Insurers ‘may have to restructure de-risking deals’ after GMP ruling
Consultancy group claims £50bn of insurance buy-ins could be affected by guaranteed minimum pension ruling
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AA drives de-risking with £351m bulk annuity deal
Transaction is Canada Life’s largest in the UK pension market