Prospective new entrants to the bulk annuity market will grant trustees increased choice when selecting an insurer to conduct a risk reduction transaction, according to Hymans Robertson.
This week’s top stories include the resignation of the Institute and Faculty of Actuaries (IFoA) chief executive, the £286m Northern Bank buy-in, and improved SHPS funding position.
Northern Bank Pension Scheme completed a $352 million pension buy-in with M&G, which also completed its own buy-in with its parent company, Prudential.