Chemring Scheme completes £65m buy-in with PIC
The Chemring Group Staff Pension Scheme has completed a £65m full buy-in with Pension Insurance Corporation (PIC).
Source: professionalpensions.com
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Heightened appetite expected for 2022 bulk annuity market
The bulk annuity market is set for a “positive” 2022 as a heightened appetite among certain insurers is expected in the early part of the year, according to Barnett Waddingham.
Source: professionalpensions.com
Northern Gas Networks agrees £385m buy-in with L&G; Risk transfer market busy despite Covid and set to top £60bn in 2021
Northern Gas Networks agrees £385m buy-in with L&G; Risk transfer market busy despite Covid and set to top £60bn in 2021 Mercer's Andrew Ward: We predict 2021 will be the busiest year on record for risk transfer deals The Northern Gas Networks Pension Scheme has agreed a £385m pensioner buy-in with Legal & General (L&G). The deal covers the benefits of more than 600 retirees of the gas distributor, which serves homes and businesses across the North East, Yorkshire and Cumbria. It is the scheme's first bulk annuity policy and covers around two-thirds of its membership. The scheme is an exis...
Source: professionalpensions.com