Browsing: News: May 2026
New survey by WTW says that half of £1bn+ schemes expect to run-on.
£42m bulk purchase annuity transaction secures the pensions of 485 members.
The transaction was completed in November 2025 and secures the benefits of 708 Scheme members, including 222 pensioners and 486 deferred members.
This is the third scheme Just Group has insured for The Church of Scotland Pension Trustees after two prior transactions, valued at a combined £75m, were completed in December 2024.
The Abbey Life Assurance Company Limited Staff Pension Scheme has completed a £200m bulk purchase annuity transaction with Standard Life.
The transaction, which completed in April 2026, covers the pensions of 1,584 members, which includes c.600 deferred members and approximately 900 current pensioners and dependants.
Industry group the Life Insurance Settlement Association (LISA) has released its 2025 annual market data, showing that consumers who sold their life insurance policies through a LISA member received nearly nine times their cash surrender value.
£42m bulk purchase annuity transaction secures the pensions of 485 members.
£66m buy-in, which completed in March and covers 590 members, is the mutual’s second BPA transaction with the pension scheme of a fellow mutual and the first with a building society.
The brief addresses the significant consumer and market implications of restricting consumer rights found in many convertible term life insurance policies, including preventing the policy owner’s ability to sell their policy in the life settlement marketplace.