Browsing: Bulk Purchase Annuity Transactions
Life Risk News’ coverage of the bulk purchase annuity transactions market
The agreement, Clara’s fourth, marks another milestone for UK superfunds, as both the first transaction to make use of a ‘connected covenant’ structure and the first involving a not-for-profit employer.
The deal completed in April 2025 and secures the benefits of 66 pensioner and 8 deferred members at PPF+ levels.
£22m deal is Royal London’s tenth since entering the UK pension risk transfer market.
£270m deal is the third buy-in that Aviva has transacted with schemes sponsored by WM Morrison Supermarkets Limited.
BMO Insurance will issue annuities covering the responsibility for pension benefits of approximately 860 pensioners and beneficiaries.
£63m deal covers the pensions of all 570 members.
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.
The transaction involves approximately 8,200 participants and invested pension capital of around EUR 950m, making this transaction the largest buyout by Zwitserleven to date.
The transaction secures the benefits of 15 pensioners and 8 deferred members and was led by K3 Advisory.