All Bulk annuities articles – Page 3
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NewsBPA boom: Who will be next to enter the market?
M&G’s re-entry into the bulk purchase annuity market takes the number of UK providers to nine, with others expected to follow by the end of the year.
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NewsM&G re-enters bulk annuity purchase market
M&G has announced a £331m buy-in transaction of the M&G Group Pension Scheme (M&GGPS), one of the group’s own pension schemes, as well as a £286m bulk annuity transaction for an external scheme.
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News
Standard Life completes £1.2bn buy-in with Mitchells & Butlers pension plan
Standard Life has completed a £1.2bn bulk purchase annuity transaction covering the 20,200-member strong Mitchells & Butlers pension plan.
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NewsDB schemes: Surge in retirement support for members says Aon
Defined benefit (DB) schemes are giving their members more information and support than ever when making key retirement decisions.
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NewsRate rises mean annuities break even sooner
An improvement in annuity rates experienced over the past 18-months has brought forward the break-even point at which pension savers get their original investment by five years, according to Canada Life.
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OpinionBPA market poised to take off in 2023
The pensions universe looks very different in 2023 to a year ago, especially with regards to the derisking market.
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NewsIMI 2014 Deferred Fund signs £175mn partial buy-in
On the go: The £563mn IMI 2014 Deferred Fund has signed a partial £175mn buy-in with Pension Insurance Corporation.
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NewsMorrisons scheme secures buy-in on back of gilt yields rise
On the go: The Wm Morrison 1967 Pension Scheme has agreed a £762mn buy-in with Rothesay, securing the remainder of the liabilities for the 1967 section of the Morrisons Retirement Saver Plan.
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NewsFull scheme buy-ins to dominate market in 2023
On the go: With many defined benefit schemes advancing in their derisking plan due to higher gilt yields, WTW is expecting full scheme buy-ins to dominate a “busy market”.
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NewsInterserve Pension Scheme agrees £400mn buy-in
On the go: The Interserve Pension Scheme has agreed a £400mn buy-in with Aviva, securing the benefits of more than 7,000 members.
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NewsDB schemes’ funding position improves £400bn in 2022
On the go: The aggregate funding level of defined benefit schemes improved by around £400bn in 2022, with many of these plans moving into a surplus for the first time, new research has shown.
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NewsCo-operative Pension Scheme completes £1.2bn full section buy-in
On the go: The £11.8bn Co-operative Pension Scheme’s £2.1bn Bank Section has completed a full £1.2bn buy-in with Rothesay.
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NewsRobinson & Sons scheme completes £44mn full buy-in
On the go: The circa £69.1mn Robinson & Sons Limited Pension Fund has agreed a full buy-in of its £44mn of pension scheme liabilities with Legal & General.
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NewsCoats UK scheme agrees £350mn bulk annuity deal with Aviva
On the go: The $3.1bn (£2.5bn) Coats UK Pension Scheme, which merged with the Brunel Holdings Pension Scheme and the Staveley Industries Retirement Benefits Scheme in 2018, has agreed a £350mn bulk annuity deal with insurer Aviva.
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NewsElectronic technologies scheme secures £400mn buy-in
On the go: The TT Group (1993) Pension Scheme has completed a £400mn buy-in with Legal & General, securing the benefits of around 5,000 retirees and deferred members.
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NewsAgfa UK Group Pension Plan signs £200mn buy-in
On the go: The Agfa UK Group Pension Plan has completed a second annuity buy-in with Standard Life, covering the vast majority of the fund’s remaining liabilities.
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NewsAerospace scheme secures buy-in, baking co-op derisks with L&G
Risk watch: A round up of the latest derisking transactions, including the Cobham Pension Plan £530mn bulk annuity deal with Standard Life, and the Flour Milling and Baking Research Association Pension and Assurance Scheme £10mn assured payment policy.
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NewsJarvis Group scheme agrees full buy-in
On the go: The circa £13mn Jarvis Group Limited Pension Plan has agreed a full buy-in with Legal & General, securing the benefits of more than 90 members, including 72 retirees.
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NewsBulk annuity transactions reach £12bn in first half of 2022
On the go: The total volume of buy-in and buyout transactions reached £12bn in the first half of 2022, according to research from Hymans Robertson.
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NewsFirst half of 2022 sees record number of bulk annuity deals
On the go: The first half of this year witnessed 78 bulk annuity deals, a record for the period, which registered 19 more transactions than the first six months of 2021.