All pension risk transfer articles
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NewsEvonik, Legal & General add £544m buy-in to US de-risking transaction
Merger of four UK DB schemes paves way for full buy-in
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UK roundup: Northern Gas Networks scheme in £385m buy-in deal
Plus: UK pension risk transfer market to reach £60bn in 2021, says Mercer
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UK roundup: Engineering group hones in on complete DB de-risking
Plus: Court of Appeal rejects block on £12bn Pru-Rothesay transfer; Phoenix, LGR carbon commitments; Aviva Master Trust default ‘fully ESG integrated’
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M&S tops up de-risked pensioner liabilities with £750m set of buy-ins
80% of retail scheme’s pensioner liabilities are now insured
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Old British Steel Scheme set for £2bn buyout with PIC
The transaction will secure the pensions of 30,000 former steelworkers and keep them out of the Pension Protection Fund
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Siemens Benefits Scheme signs £530m buy-in
The pension fund chose an umbrella contract to allow for potential future transactions to be completed quickly and easily
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UK roundup: COVID-19 pushes back FTSE350 DB endgames
Plus: Exeter Uni in Mercer-Aon switch for investment advice
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UK roundup: LCP on COVID-19’s direct, indirect liabilities hit
Plus: Pension risk transactions keep pace through lockdown; Healthcare group scheme strikes buy-in deal with Aviva
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UK roundup: TPR pipes up over inter-DC transfers; ‘Cross-country’ PRT deal
Plus: Co-op Pace pension fund de-risks again with Aviva in £350m deal
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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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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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Report calls for more schemes to promote partial transfer option
Greater access to partial transfers could be in the interest of members, financial advisers and schemes, according to Royal London and LCP
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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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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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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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Chemical company scheme secures €820m insurance deal with NN Group
Chemours has transferred roughly 3,000 deferred members to insurer Nationale-Nederlanden, while active members will be moved to an APF
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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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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
