Prudential in £272m buy-out of public-sector pension fund

Prudential have entered into a pension buy-out agreement with a closed UK public-sector pension fund. The deal see's Prudential take on £272m of pension assets from the West Midlands Integrated Transport Authority's part of the £7.7 billion West Midlands Pension Fund, according to this article in Financial News. This transaction is read the full article →

UK pension risk transfer market breaks £10 billion barrier in 2011

The UK pension risk transfer market had a record year in 2011, with the combined total volume of longevity swaps, pension buy-ins and buy-outs breaking the £10 billion barrier for the first time in a single calendar year. This reflects the growing awareness from pension scheme trustees that longevity risk read the full article →

Pension Corp. in £30m buyout of Nova Chemicals UK Pension Plan

Pension Corporation continues to be one of the most active participants in the pension risk transfer and de-risking marketplace as they complete regular transactions with counterparties. Their latest transaction see's them enter into a pension buyout agreement with Nova Chemicals UK Pension Plan (press release available here). The buyout agreement covers read the full article →

Q2 pension risk transfer deals up 400% to £1.4 billion

The market for transferring the risks associated with pension schemes, including transferring longevity risk, has continued to grow during the last quarter in the UK. Q2 became one of the busiest quarters for the pension risk transfer market since the credit crisis of 2008, resulting in £1.4 billion of risk read the full article →

Pension Corp. in £60m buy-out deal for Toray pension scheme

Pension Corporation have entered into another deal which see's them take on the assets and liabilities of a UK pension scheme. The latest transaction see's Pension Corporation take on over £60m of pension liabilities from manufacturer Toray Textiles. Toray, owned by a Japanese manufacturer has a defined benefit pension scheme in read the full article →