All Bulk annuities articles
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NewsBrightwell to administer Rolls-Royce scheme following buyout
Pension Insurance Corporation has completed a £4.3bn buyout of the Rolls-Royce Pension Fund in nine months, a transition aided by a new administration partnership with Brightwell.
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NewsBulk annuities: Large deals could return in H2, says Standard Life
Bulk annuity market capacity and pricing dynamics could shift in the months ahead as larger pension schemes seek to tap the insurance market, according to Standard Life.
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In DepthSpecial report: Which companies are driving bulk annuity activity?
Pensions Expert analysis shows which law firms, professional trustees and consultants are most active in the bulk annuity market.
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NewsBulk annuities: Rothesay launches small scheme service; PIC and Canada Life seal buy-ins
Rothesay is the latest company to launch a dedicated service for pension schemes below £100m, while rival insurer Pension Insurance Corporation has secured a £35m buy-in with a music education company’s scheme.
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FeaturesKeep on running: How will endgame options affect the bulk annuity market?
With appetite for ‘run on’ and other alternative endgame solutions on the rise, will there be a knock-on effect on the bulk annuity market? Jon Yarker reports.
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NewsRun-on trend creating ‘safe harbour’ insurance opportunity for small DB schemes
Smaller defined benefit schemes may benefit from stronger insurer competition as larger schemes explore alternatives to buyout.
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NewsTrustees under pressure to use surplus powers despite conflict concerns
With new surplus release flexibilities coming into force through the Pension Schemes Act, a survey of defined benefit pension scheme trustees has found a growing appetite for run-on but concerns about potential conflicts of interest.
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FeaturesSpecial report: Why the big deal about small bulk annuity transactions?
Smaller pension schemes have traditionally struggled to access the insurance market, but significant changes have made bulk annuity transfers more compelling, as Bradley Gerrard reports.
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News‘Record’ buy-in pricing levels as insurer competition hots up
LCP research illustrates how competition among insurers is helping schemes of all sizes secure bulk annuities at record prices, while Broadstone and L&G have announced a £10m buy-in with a Devon-based property company’s DB scheme.
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NewsBulk annuities: Just finalises buy-ins to insure 5,000 members
Insurance company Just Group has secured two pension schemes through buy-ins worth a combined £380m, working with separate schemes sponsored by a vehicle sales company and the Church of Scotland.
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NewsBulk annuities latest: Insurance remains top option for most, finds Aon
Plus: Standard Life insures a subsidiary’s defined benefit pension scheme for £200m, while Just Group and Broadstone team up again for a sub-£5m transaction.
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NewsBuy-in transactions can boost sponsors’ share prices, says Aon
Aon: Buy-ins boost sponsors’ share prices
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OpinionStreamlining the risk transfer process: it’s harder than you might think
Ahead of a new research series from Pensions Expert into small scheme bulk annuities, members of the Endgame Perspectives Group explore how streamlined services have developed, their limitations, and how they can better serve pension schemes and members.
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NewsBulk annuities update: Bakkavor’s buy-in; Canada Life launches member portal
Food manufacturing company Bakkavor has secured a £160m full scheme buy-in for its defined benefit pension scheme with Rothesay, just months after it was acquired.
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NewsPricing remains key for schemes considering bulk annuities
Research from Standard Life shows how priorities vary depending on the size of the scheme, but the pricing of bulk annuities remains the key determining factor for most trustee boards.
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NewsBulk annuities latest: Just Group and Rothesay support small scheme buy-ins
Two buy-in deals worth less than £20m in total were announced this week, further evidence of the healthy market for small pension schemes seeking insurance transactions.
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NewsUtmost completes first buyout with food supply company
The development means 455 people are now covered by individual annuity policies, after Utmost insured the Noble Foods Limited Pension Scheme last year.
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NewsBulk annuities latest: Services company targets buyout ofter scheme closure
The latest headlines from the bulk annuities sector, including a £1m micro-scheme buy-in for Legal & General and a listed services company’s plan to insure two DB schemes.
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NewsLow dependency overtakes buyout as DB schemes rethink endgame
Improving funding levels are giving defined benefit schemes more endgame options, but many have yet to put clear governance frameworks in place for surplus and long-term decision-making.
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NewsCan in-specie transfers smooth the path to buy-in?
New research from Standard Life indicates that many defined benefit (DB) trustee boards are considering in-specie transfers of illiquid assets to aid their preparation for bulk annuity transactions.