Browsing: Pension Risk Transfer
Longevity and Mortality Investor’s coverage of the pension risk transfer market, providing analysis, commentary and insights on the global PRT space.
This third transaction covers 7,130 uninsured pensioners of the Scheme.
The deal insures the pensions of over 200 members, comprising 118 pensioners and their dependants and 85 deferred pensioners.
The SPP paper highlights the strides insurers have made in streamlining processes, and the welcome presence of new market entrants.
Institution of Mechanical Engineers Pension Scheme Completes Bulk Purchase Annuity Buy-In With PIC: The deal covers the pensions of all 200 scheme members.
Around three-quarters of professional trustees are experiencing delays in their buy-out and wind-up processes following a full scheme buy-in.
£11m transaction secures the benefits of all 15 deferred members and 25 pensioner members and completes the buy-in of all scheme liabilities.
It has been business as usual at the smaller end of the market with a significant number of deals being concluded.
Lack of blockbuster deals but market remains busy as more schemes seek to de-risk.
The temptation for schemes to reach blindly for the ‘quick and easy’ option is high, particularly for smaller schemes. This could result in requests for contributions from sponsors that are not strictly required, and lower returning investment strategies being implemented.
The deal, worth $800m, secures the retirement benefits of over 1,700 retirees and over 3,000 deferred members.