Browsing: Industry News

The Walkers Shortbread Limited Retirement Benefits Scheme has completed a £34m bulk purchase annuity buy-in transaction with Legal & General, securing the benefits of 161 retirees and 238 deferred members.

The trustee of the G4S Pension Scheme has completed a £1.8bn bulk purchase annuity buy-in transaction with Just Group, insuring the benefits of around 22,500 scheme members.

Consultants Isio has facilitated a £20m buy-in transaction for an unnamed defined benefit scheme in the UK.

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.