All Bulk Purchase Annuity (BPA) articles
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AnalysisUK’s productive agenda overlooks life insurers holding £310bn of pension assets
UK life insurers could potentially invest up to £100-£200bn in productive investments over the next 10 years
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NewsThree UK pension schemes complete buy-in transactions
Atradius Pension Scheme completed £190m buy-in with PIC; Helma Group Pension Plan and Apollo Pension and Life Assurance Plan completed £250m buy-in with Standard Life
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NewsDeutsche Bank UK scheme completes final £1.1bn buy-in with Legal & General
The transaction marks the third and final transaction for the scheme, bringing the total of insured liabilities with L&G to £2.1bn
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NewsRAC pension scheme completes £1.3bn buy-in with Aviva
The transaction secures benefits for circa 19,000 members
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NewsMichelin Pension scheme completes £1.5bn buy-in with Aviva
The transaction secures benefits of circa 15,000 scheme members
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NewsRoyal London targets transactions up to £500m as it cements BPA market entry
The insurer has established a team of 40 experts led by director Paul Bowker
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AnalysisUK bulk annuity market expected to close at £40-50bn in 2024
Before the end of the year, there will be 11 insurers providing quotes on deals, more than ever before in the UK and showing the vibrancy of the market, says WTW
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NewsMerseyside Pension Fund in £200m buy-in with Aviva
The transaction secures the benefits of 2,500 scheme members
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NewsIGG launches centre of excellence to help schemes navigate endgame solutions
TPR analysis shows 3,750 of 5,000 DB schemes as being in surplus on a low dependency basis, with a further 950 approaching the same level of funding
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NewsSmart Pension completes tenth acquisition bringing AUM to £6bn
The master trust anticipates reaching £10bn in AUM within three years
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NewsBrookfield’s entry into UK bulk annuity market marks next wave of new entrants
K3 Advisory says at least three other new entrants are at varying stages of readiness to enter the market
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NewsNSK and Menzies funds drive £569m in additional buy-ins for UK market
The deal for Menzies’ DB scheme included dovetailing with a secondary market sale of an illiquid asset
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NewsRolls-Royce & Bentley Pension Fund inks £880m buy-in
The buy-in included novation of the scheme’s existing longevity swap with Standard Life
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NewsSibelco Pension Scheme completes £165m buy-in with Aviva
Plus: K3 Advisory launches small scheme buy-in to buyout services
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NewsAviva launches streamlined bulk purchase annuity service for smaller schemes
The service supports market access for schemes with assets below £100m
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NewsDe Beers Pension Scheme completes £850m full buy-in deal with PIC
The transaction secures the pensions of 1,464 pensioner members and 473 deferred members of the scheme
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NewsScottish Widows and Rothesay complete £6bn in-force bulk annuity deal
The transaction is expected to lead to a Part VII transfer of underlying assets and policy liability next year
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NewsRoyal London kicks off entry into UK bulk annuity market
The move follows transaction with Royal Liver UK pension scheme and the Royal London Group pension scheme
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NewsFunded reinsurance should not pose ‘material risk’, according to Fitch Ratings
Ratings agency says the use of funded reinsurance applies to less that 30% of life insurers bulk annuity business
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AnalysisBank of England right to scrutinise the role of funded reinsurance
Prudential Regulation Authority calls for limited exposure to reinsurance
