Author: LMI Newsdesk
Melville-Kelly now reports to Jim Boyd, CEO, and remains director of risk and compliance; the restructure follows a December Extraordinary General Meeting (EGM) where members agreed to a special resolution broadening the Council’s remit across all forms of later life lending within the regulated mortgage environment.
Well over half (58%) of defined benefit pension scheme members in the UK would support their scheme running on to generate a surplus, according to the latest Excellence in Endgames research paper from Hymans Robertson.
The Dr. Martens Airwair Group Pension Plan has completed a £37.5m bulk purchase annuity buy-in with Pension Insurance Corporation. The deal covers the 455 plan members.
Well over half (58%) of defined benefit pension scheme members in the UK would support their scheme running on to generate a surplus, according to the latest Excellence in Endgames research paper from Hymans Robertson.
Griffith Ballard will continue to operate from Cedar Rapids under its existing leadership team.
The Life Insurance Settlement Association has added AIR Asset Management’s Taylor Garvey as a board member; Garvey has also been promoted to Managing Director at AIR, effective January 2026.
£155m bulk purchase annuity buy-in covers the benefits of 1,581 plan members.
Chris Conway, Managing Director at Vitaro Group, was appointed Chair of ELSA for 2026; Brandon Marz, Chief Strategy Officer at LifeRoc Capital, was appointed ELSA’s Deputy Chair.
Utmost Group is selling its bulk purchase annuity business, Utmost Life and Pensions JAB Insurance. The sale encompasses the entire ULP business, representing more than £5bn in assets and 175 employees.
The Skanska Pension Fund has purchased a £525m full scheme bulk purchase annuity buy-in covering all of its c.5,500 members, from Standard Life. The buy-in included the novation of the fund’s existing longevity swap which it held with Zurich Assurance since 2017.