Author: Greg Winterton

Pension consulting firm K3 Advisory has led the completion of a £2m full scheme buy-in transaction with an unnamed sponsor in the mechanical and electrical industry with Legal & General.

The Atradius UK Pension Scheme has concluded a £190m bulk purchase annuity buy-in transaction with PIC that secures the pensions of 361 current pensioners and dependents, 344 deferred members and 66 active members.

Applications for universal life insurance, the main type of insurance seen in the life settlement market, continued their recent decline in October.

New report suggests overall growth in the opportunity in life settlements is outpacing the investment in the asset class.

£70m buy-in transaction will secure the benefits of all uninsured scheme members, covering approximately 490 deferred members and 400 pensioner members.

£7m deal was completed in March and insures the benefits of 24 pensioners and 15 deferred members.

The deal, which included a novation of the scheme’s existing longevity swap and the transfer of illiquid assets, was completed in August this year.

Neal Jacobs succeeds John Dallas, CEO of Berkshire Settlements

The first time the market has grown in two consecutive quarters in two years.

Farooqui spent time previously at Aon and Mercer.