Mercer assists Standard Life in £100m defined contribution (DC) pension scheme buyout

Mercer have assisted in the completion of the latest pension scheme buyout transaction which saw the benefits of 3,500 pension plan members have their assets of around £100m transferred to Standard Life. The majority of the pension scheme belonging to British publisher and media company EMAP was transferred to Standard 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 →

Longevity hedging for all

An Aon Hewitt executive told Professional Pensions that even small pension schemes should consider hedging their longevity risks or entering into longevity risk transfer transactions. To date, longevity risk transfer transactions have been large affairs with schemes worth billions involved, but the Aon Hewitt representative suggests that could change. As the read the full article →

£20 billion of pension scheme risk transfer deals likely by end of 2012

Hymans Robertson has published its Managing Pension Scheme Risk Report Q4 2010. In the report which looks at the state of the pension scheme risk management and risk transfer market they suggest that significant growth is likely over the next couple of years and beyond. Since the pension scheme risk transfer read the full article →

Will rise in UK pension scheme buy-outs lead to rise in capital markets longevity risk transfer?

The Financial Times reported yesterday that UK pension schemes are increasingly seeking to enter into agreements to transfer the risks associated with their pension funds over to insurance companies. The common ways of achieving this risk transfer are buy-outs which involve a whole pension scheme being passed over to an read the full article →

Pension Insurance Corporation in buyout agreement with Honda

Pension Insurance Corporation has announced that it has entered into a pension scheme buyout agreement with trustees of the Honda Group UK Pension Scheme to insure the £7m Honda Racing Development portion of the pension scheme. This effectively transfers the liability for the portion of the Honda scheme to Pension read the full article →

One in four FTSE 100 companies expected to complete pension risk transfer deal by end of 2012

Hymans Robertson, the specialist pensions advisory and management firm, has published a report looking at the health of the UK's FTSE 350 companies pension schemes. The report finds that the aggregate deficit, or shortfall, in these pension schemes has seen a £33 billion improvement. As a result Hymans Robertson suggests read the full article →