Browsing: Bulk Purchase Annuity Transactions
Longevity and Mortality Investor’s coverage of bulk purchase annuity transactions. We are a leading source globally for bulk purchase annuity analysis, commentary and insights.
Finalised in September 2025, the transaction provides long-term security for the benefits of nearly 10,000 members and secures all remaining uninsured defined benefits in the plan.
The buy-in, completed in June 2025, insures the benefits of all 30 members – 15 deferred and 15 pensioners.
The transactions, completed in July 2025, secure the benefits of approximately 980 members across the two schemes.
The deal secures the future benefits of 300 pension scheme members – 160 deferred members and 140 pensioners.
The Premdor Crosby Pension Plan has completed a £16m bulk purchase annuity buy-in with Royal London. This buy-in, which covers 181 members, is the first that Royal London has completed with BESTrustees as Chair of Trustees.
Pension schemes sponsored by Ford Motor Company Limited, including the Ford Hourly Paid Contributory Pension Fund and the Ford Salaried Contributory Pension Fund, have completed bulk purchase annuity buy-ins with Legal & General worth a total of £4.6bn.
The Trustees of the Ferno (UK) Limited Retirement and Death Benefits Scheme have agreed a c. £4m full scheme buy-in with Legal & General. The transaction was agreed in October 2025 and covers approximately 100 scheme members.
Longevity and Mortality Investor (LMI) is the new name for Life Risk News. Greg Winterton caught up with Chris Wells, Managing Editor at LMI, to discuss the reasons behind the rebrand, his thoughts on how the longevity and mortality markets have evolved in recent years, and plans for the future.
The BP Pension Fund has completed a £1.6bn bulk purchase annuity buy-in transaction with Legal & General. The deal was the first pension risk transfer transaction for the c.£18bn fund; L&G provided a gilt-based price lock using the fund’s gilt holdings to ensure price certainty.
Fidelity & Guaranty Life Insurance Company and Fidelity & Guaranty Life Insurance Company of New York, will assume responsibility for pension benefits for approximately 3,150 retirees and beneficiaries.