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The average multiple delivered to American Seniors who sold their policy in the secondary market last year was more than six and a half times the cash surrender value.
The aggregate funding position of UK defined benefit pension funds potentially eligible for entry to the country’s Pension Protection Fund fell £13bn last month to £202.5bn, a funding ratio of 122.8%.
The transaction releases capital resources that Monument will redirect to its core strategy of consolidation in European life insurance markets.
£280m deal secures the benefits of approximately 2,800 members.
The transaction, completed in January 2025, secures the benefits of all 869 Scheme members which comprises 471 pensioners and dependants as well as 398 deferred members.
In his new role, Polanskyj will chair Obra’s Investment Committee.
In a rare bright spot for the product, growth was observed in the 61+ age cohort.
During March, the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process climbed from 101.7% to 102.5% of a plan’s accounting liabilities.
The transaction was finalised in March 2025 and is the ninth buy-in for Royal London’s BPA business.
The £7.5m transaction secures the benefits of all 121 members, comprising 26 deferred members and 95 pensioner members, and covers all scheme liabilities.