Browsing: Pension Risk Transfer
Life Risk News’ coverage of the pension risk transfer market
On 15 June 2023 the Prudential Regulatory Authority (PRA) published a letter to bulk annuity insurers regarding their use of…
US clean energy firm Public Service Enterprise Group has completed a $1bn pension ‘lift out’ with the Prudential Insurance Company…
US breakfast food firm Kellogg’s has offloaded $590m of its liabilities linked to its UK pension scheme to an undisclosed…
Reinsurance Group of America (RGA) has struck a £5bn ($6.4bn) longevity swap with the UK-based BT Pension Scheme (BTPS). BTPS…
Standard Life has signed a £1.2bn ($1.5bn) bulk purchase annuity deal (BPA) with UK bar and restaurant firm Mitchells &…
The UK pension fund of Australian flag carrier Qantas has conducted a £40m ($51m) buy-in with Pension Insurance Corporation (PIC),…
UK insurer Aviva has completed a £120m ($154m) buy-in deal with the NTL 1999 Pension Scheme that will cover the…
The pension scheme of UK property services firm Hammerson Group has signed a £90m ($118m) bulk annuity deal with FTSE…
The world’s third largest asset manager, Fidelity Investments, is entering the US pension risk transfer (PRT) market by setting up…
The US pension risk transfer (PRT) market saw its biggest year in 2022, with AON recording a total of 568…