All Buy-in articles – Page 4
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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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NewsCould gilt market shock push schemes towards insurers over LDI?
The market shock prompted by the government’s “mini” Budget could see a shift away from liability-driven investment strategies and toward insurance deals, experts have suggested.
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NewsYell Pension Plan agrees £370mn full buy-in
On the go: The Yell Pension Plan has agreed a £370mn buy-in with Pension Insurance Corporation, covering the remaining liabilities of the defined benefit scheme.
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NewsFirst-half bulk annuity volumes surge 50% against 2021
On the go: The pensions risk transfer market is up 50 per cent in the first half of 2022 compared with last year’s H1 figure, with £12bn in buy-ins and buyouts making for the third-largest H1 figure on record, according to analysis from LCP.
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NewsInsurers publish first bulk annuity ‘best practice’ guide
On the go: UK insurers have collaborated to produce the industry’s first-ever “best practice” guide for schemes preparing for bulk annuity quotations, laying out principles by which trustees, advisers and administrators should abide.
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NewsBarloworld UK scheme secures £484mn full buy-in
On the go: The Barloworld UK Pension Scheme has agreed to a £484mn full scheme buy-in with Just Group.
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NewsKesslers Group scheme agrees £21mn full buy-in
On the go: The Kesslers Group Pension Plan has agreed a £21mn full scheme buy-in with Legal & General.
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NewsSchemes urged to revisit buyout plans in rising rate environment
Rising interest rates and the subsequent fall in liability valuations and deficits have now made buyouts more affordable for a larger number of pension funds, with consultants urging schemes to restructure their investment strategy to make it more palatable to an insurance company.
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NewsPension risk transfer market set for second-biggest year
On the go: Pension risk transfer volumes in the UK are expected to conclude the year at their second-highest level, according to Legal & General.
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NewsTransfer volumes could hit £600bn as insurers post strong results
A host of insurers have revealed their first-half 2022 results that show a booming trade in risk transfers, which, by some projections, could hit £600bn over the next decade — though there are fears about a capacity crunch in the sector.
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NewsBoots seals full £50mn buy-in with L&G
On the go: The £50mn Boots Supplementary Pension Plan has agreed a full buy-in with Legal & General Assurance Society, covering the benefits of more than 110 pension members.
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NewsWHSmith scheme completes £1bn full buy-in
On the go: The WHSmith Pension Trust has secured a £1bn full buy-in with Phoenix Group subsidiary Standard Life.
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NewsMedway Packaging scheme completes full £52mn buy-in
On the go: The Medway Packaging Pension Scheme has completed a full buy-in with Pension Insurance Corporation covering £52mn of liabilities.
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NewsSappi UK scheme completes full £150mn buy-in
On the go: The Sappi UK Pension Scheme has completed a full £150mn buy-in with Phoenix Group subsidiary Standard Life.
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NewsEDS scheme secures £1.1bn full buy-in
On the go: The £1.5bn EDS 1994 Pension Scheme has secured a £1.1bn full buy-in with Pension Insurance Corporation.
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NewsNew British Steel scheme appoints investment manager
On the go: The new £9.9bn British Steel Pension Scheme has agreed in principle to appoint Legal & General Investment Management to handle its scheme assets in full.
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NewsWhitbread Group scheme secures £680mn buy-in
On the go: The £3bn Whitbread Group Pension Fund has secured a £680mn buy-in with Standard Life.