Browsing: News: December 2025
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.
The Peel Ports Final Salary Pension Scheme has completed a £230m bulk purchase annuity buy-in with PIC, covering the pensions of c.2,000 members across a number of Peel Ports Group companies.
During November, the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process remained level, at 100.1% of a plan’s accounting liabilities.
The Ridsdale Pension and Death Benefit Trust has completed a £7m full scheme bulk purchase annuity buy-in with Just Group, securing the benefits of 30 members – 22 pensioners and 8 deferred members.
The Lincolnshire Co-operative Pension Scheme has completed a £107m bulk purchase annuity buy-in with Rothesay. The transaction secures the benefits for approximately 2,300 members.
Cashing Out has been shortlisted for the Best Documentary Short Film at the 98th annual Academy Awards.
The Blake Lapthorn Pension Fund has secured a £5.7m full scheme bulk purchase annuity buy-out with Aviva. The transaction secures the benefits of all 52 members, comprising 30 deferred members and 22 pensioner members, and covers all of the fund’s liabilities.
Third quarter 2025 US pension risk transfer sales fell 32% year over year, but single-premium buy-in sales jumped 328% in the third quarter to $4.3bn, according to LIMRA’s U.S. Group Annuity Risk Transfer Sales Survey.
The Comet Pension Scheme has completed a £330m full-scheme bulk purchase annuity buy-in transaction with Canada Life. The deal secures the future benefits of 4,500 pension scheme members.