Browsing: Pension Risk Transfer

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 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 past 12 months have seen significant developments that are likely to shape mortality models among defined benefit pension scheme managers and sponsors alike, and possibly even have an impact on the pricing of de-risking deals.

The UK’s pension risk transfer market posted another strong year in 2025 both in terms of activity and aggregate premium transacted. Greg Winterton caught up with Alan Greenlees, Professional Trustee and Head of Risk Transfer at ZEDRA, to get his insights on a range of sub-topics within the space as 2026 begins in this month’s Q&A.

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.

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.

£155m bulk purchase annuity buy-in covers the benefits of 1,581 plan members.