Browsing: 2024 – November

LGRA expects 2024 to finish at levels similar to that of 2022, the US market’s current banner year.

Milliman’s latest Milliman Pension Buyout Index (MPBI) suggests the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process rose from 100.8% of a plan’s accounting liabilities to 101.7% of those liabilities in September.

The deal covers US$4.1bn in liabilities, comprising $1.9bn in long-term care (LTC) and $2.2bn in structured settlements.

The Walkers Shortbread Limited Retirement Benefits Scheme has completed a £34m bulk purchase annuity buy-in transaction with Legal & General, securing the benefits of 161 retirees and 238 deferred members.

The trustee of the G4S Pension Scheme has completed a £1.8bn bulk purchase annuity buy-in transaction with Just Group, insuring the benefits of around 22,500 scheme members.

Consultants Isio has facilitated a £20m buy-in transaction for an unnamed defined benefit scheme in the UK.

New research suggests that the chances then that the next 100 years or so brings about a similar jump?

Data – either a lack of it, too much of it or even the wrong kind – is proving a challenge to the UK’s pension risk transfer market.

It could take decades for the new legislation to have any discernible impact on mortality.

Life Risk News’ latest roundtable digs deep into the current state of ESG as it pertains to the life risk industry.