Just Group complete buy in deal with Keysight Technologies & more…Keep up with what has been happening this week in our latest actuary news round-up…
Just Group has completed a buy-in transaction for the trustees of the Keysight Technologies UK Limited Retirement Benefits Plan (the plan), covering approximately £250 million of pensioner liabilities and over 750 members of the plan.
XPS Pensions Group’s DB: UK tracker reveals pension schemes hit by £46bn increase in liabilities in September as inflation rises. UK prices1 rose by 3.2% over the year to 31 August 2021, representing the highest annual increase in prices since 2012. For pension schemes, an additional concern is that the long-term inflation expectations are also rising, leading to increasing member benefits and pension liabilities.
Hymans Robertson and Aegon comment on the joint FCA and TPR consultation on Driving Value for Money in Defined Contribution Schemes.
According to research from LCP, smaller buy-in and buy-out transactions continue to be crowded out of the market . Insurers are increasingly focused on larger transactions, with the number of sub- £100m transactions falling by 30% in the past 5 years
Aviva have announced it has completed a £320m bulk purchase annuity transaction with the John Laing Pension Fund. John Laing is an active investor and manager of infrastructure projects, focused on major transport, social and environmental infrastructure projects and renewable energy projects, across a range of international markets including the UK.