Buyouts

Full year 2016 volumes for pension buyins and buyouts (also known as bulk annuities) by UK pension plans totalled £10.2bn, according to LCP. This includes the £1.2bn buyin by Phoenix Life with its...
Pre-negotiated legal contracts and standardised off-the-shelf processes are two of the major evolutionary developments that are continuing to shape the longevity hedging and bulk annuity markets,...
Over £30bn of liabilities will be insured in 2017, through buyins, buyouts and longevity swaps, according to Willis Towers Watson. This will be a return to the levels of activity observed in 2014 (£...
Strong pipelines, greater engagement from smaller schemes and innovation driving improved buy-in affordability are some of the key developments expected to feature in the de-risking market in 2017,...
Legal & General Group Plc (Legal & General) has completed a £1.1bn pension buyout for the Vickers Group Pension Scheme – part of the Rolls-Royce Group – covering over 11,000 members. This is...
Legal & General Group Plc (“Legal & General”) has completed a £1.1 billion pension buyout for the Vickers Group Pension Scheme – part of the Rolls-Royce Group – covering over 11,000 members....
A total of £2.7bn of pension buy-ins and buy-outs were completed by UK pension plans in the first half of 2016 marking a slower start to 2016 than in recent years (H1 2015: £4.4bn). LCP partner,...
Scottish Widows has secured a £630m pensioner buyin with the ICI Pension Fund – the insurer’s largest external bulk annuity transaction to date. This buyin, which covers over 4,000 of the Fund’s...
A Working Group of pension specialists from Aon Hewitt, Aviva, CMS, JLT Employee Benefits, JRP Group, Legal & General, Law Debenture, MorganAsh, Scottish Widows and Xafinity Consulting has...
The TKM Group Pension Scheme (the ‘Scheme’), sponsored by Inchcape plc, has entered into a buyout arrangement with Aviva, covering £300million of pension liabilities. Citi acted as a sole arranger of...