pension

Research undertaken by MetLife Assurance shows that pension fund trustees looking to de-risk their pension schemes are more interested in bulk annuity buy-ins and buy-outs than longevity hedging and longevity swaps, says an article in Professional Pensions. Last year their study showed longevity risk hedging as the second most popular de-risking strategy, this year it […]

In a recent white paper titled ‘Longevity and Pensions – protecting company pensions against longevity’ AEGON argue that companies need to actively investigate the level of longevity risk their pension scheme faces and proactively de-risk themselves. They say that despite longevity being seen as a relatively new risk to pension schemes there are now a […]

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.

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 insurer and buy-ins where an […]

Bloomberg reports today that Scor the French reinsurer is targeting the longevity swap market by establishing a new team in London focused on capturing a portion of the longevity risk transfer sector. Longevity swaps are a growing area of risk transfer which allows pension schemes and insurers to hedge the risk of retirees living longer […]

We’ve received a press release from JPMorgan which gives much more detail on the longevity hedge transaction they have entered into with Pall (which we announced earlier). This deal is groundbreaking in terms of structure and has the potential to accelerate development in the longevity hedging and risk transfer market. The press release in full […]

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 Insurance Corporation (PIC).

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 that pension schemes focus will […]

The longevity risk transfer market is one area of reinsurance and risk transfer that is slated for growth during 2011. Industry experts are saying that the sector which involves pension scheme buy-outs, re/insurance, bulk annuities and longevity swaps is expected to grow, and since Swiss Re successfully transferred $50m of longevity trend risk to the […]

To tackle the issue of longevity risk, the risk of an increasingly ageing population and the impact that will have on pension liabilities, the re/insurance industry will need to work closely with both governments and capital markets. On its own the re/insurance industry does not have the capacity to assume the amount of longevity risk […]