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Primula Ltd Pension Scheme Completes Bulk Purchase Annuity Buy-In With PIC. The deal covers the 74 plan members.
During December, the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process inched up 20 basis points, from 100.1% to 100.3%, of a plan’s accounting liabilities.
The equity release market in the UK grew 11% in 2025, according to the latest research from industry group the Equity Release Council.
The Finnair Oyj Retirement Benefit Scheme has secured a £4m full scheme bulk purchase annuity buy-in with Aviva. The Scheme is sponsored by Finnair Oyj, the flag carrier and largest airline of Finland.
The transaction, finalised in December, covers more than 1,600 members and marks Royal London’s second largest external buy-in to date, after the £275m transaction completed with the Grant Thornton Pensions Fund in May of last year.
Despite property representing a major source of household wealth, equity release is largely still absent from retirement planning discussions in the UK, according to new research from Canada Life.
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.