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Charles H. Portz, IV joins Lighthouse Life as CFO; Adam Lippman and Noam Weiss promoted to Chief Operating Officer and Chief Business Officer, respectively.
Two pension schemes sponsored by CF Fertilisers UK Limited, the UK subsidiary of a global manufacturer of hydrogen and nitrogen products for clean energy, have completed bulk purchase annuity buy-in transactions with M&G.
New study finds that while the number of new policy settlements declined in 2024, long-term growth drivers remain strong.
Deal is the second step in the BBC Pension Scheme’s phased longevity hedging programme.
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.
Total new annualized life insurance premium in the US increased 16% year over year to $4.3bn in the third quarter, according to LIMRA’s preliminary individual life insurance sales results.
The aggregate surplus of the 4,969 schemes in the Pension Protection Fund’s 7800 Index increased by £16.2bn through October 2025, rising to £271.3bn in surplus, and the funding ratio rose by 0.7 percentage points to 129.8% and the number of schemes in surplus rose to 3,844, representing more than three-quarters (77.4%) of all schemes in the universe.
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.