All Buy-in articles – Page 14
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OpinionA checklist for top bulk annuity pricing
From the blog: The derisking market has seen consistently high levels of demand in recent years, with almost £50bn of defined benefit pension liabilities insured over the past four years.
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News
Scapa sets up joint trustee working group
Adhesive tape manufacturer Scapa has set up a joint working group with the trustees of its pension scheme as it looks to derisk its defined benefit scheme further.
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OpinionInsurance longevity swaps: Illuminating exits
2018 is expected to be a buoyant year for the longevity risk transfer market, with the recent decline in national mortality improvements not only having a positive impact on pension scheme funding, but also being reflected in more attractive longevity reinsurance pricing.
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News
Marks and Spencer scheme completes £1.4bn buy-ins
On the go: Trustees of the Marks and Spencer Pension Scheme have purchased buy-in policies with Phoenix Life and Aviva totalling £1.4bn.
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News
Further details emerge on consolidator safeguards
Investors in The Pension SuperFund will not begin to receive returns on their capital until its consolidated schemes have passed a 115 per cent funding target, its executives have told the Work and Pensions Committee.
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News
Choosing the right derisking path
Analysis: Consultants say bulk annuity pricing has never been so attractive, yet the majority of pension schemes see self-sufficiency as their likely destiny. Who is wrong?
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OpinionSchemes need a clear strategy for managing longevity risk
Increasing longevity is an important risk facing the trustees of defined benefit pension schemes. By offering a promise for life to members, they bear the risk that members live longer than expected.
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News
WPP buys in £140m across five schemes
Communications services giant WPP has insured £140m of defined benefit liabilities with the Pension Insurance Corporation.
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OpinionSelf-sufficiency is not a permanent solution
What is self-sufficiency? It is certainly not a position of nil risk, as some assume, as that would mean passing the risk to someone else.
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News
Bulk annuity transfers to pass £15bn in 2018
2018 will be the first year in which buyouts and buy-ins for UK defined benefit schemes exceed £15bn, consultancy LCP has predicted, with improved funding levels and keen insurer pricing helping to establish a “new normal” in the bulk annuity market.
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FeaturesMNOPF steers towards buy-in and DC merger
As derisking plans accelerate and sponsors seek to reduce the volatility of defined benefit scheme deficits, buy-ins are becoming increasingly attractive.
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News
Lower rise in life expectancy no cure for schemes
After years of steady increases, improvement in life expectancy dropped to 1 per cent a year in 2016 from 3.1 per cent per year in 2011 in England and Wales, but low discount rates mean the rises still matter.
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NewsSony zooms in on buy-in saving with medical data
The UK scheme of Japanese electronics giant Sony agreed a buy-in in May this year, covering its highest liabilities, with medical underwriting carried out after the deal.
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FeaturesSSE wipes off £1.2bn of longevity risk
FTSE 100 energy company SSE has completed £1.2bn of longevity risk hedging for two of its defined benefit pension schemes, comprised of two buy-ins and longevity swaps with separate insurers.
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NewsQinetiq shields funding level with boost to LDI
The Qinetiq Pension Scheme has seen a £605m boost to its liability-driven investments and has begun discussions over its long-term future as it nears full funding.
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FeaturesMums know best: Hogg Robinson mortality study slashes liabilities
B2B services provider Hogg Robinson Group has undertaken a medically underwritten mortality study of its UK pension scheme members, shaving £68.4m off its liabilities.
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Features
JLT scheme deficit shows rate pain persists
The UK pension scheme of consultancy and insurance business JLT Group saw its IAS 19 deficit jump during 2016, as bond yields proved a leveller for schemes of all sponsor types.
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News
Buyouts more affordable but only for a handful of schemes
Buyouts have become more feasible as annuity pricing for non-pensioners has improved, but some experts say many schemes still have a long way to go before being able to afford a buyout or buy-in transaction.
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OpinionBuy-ins and buyouts: The quiet revolution
From the blog: We reached a new milestone in late 2016: the pensions of more than 1m people in the UK are now insured through a buy-in or buyout.
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Opinion
What you need to know before seeking a buyout or buy-in
Trustees looking to carry out derisking exercises should decide early on whether to seek a buy-in, where a bulk annuity policy is held as a scheme asset, or buyout, where annuities are bought for individual members.