Isio announced as first new QAS accreditation of 2023 & more…Keep up with what has been happening this week in our latest IP news round-up…
London-based pension consultancy firm, Lane Clark & Peacock (LCP), has successfully advised on a significant £90 million bulk purchase annuity transaction between Just and the Hammerson Group Management Limited Pension and Life Assurance Scheme.
Legal & General Assurance Society Limited (“Legal & General”) today announces it has completed a £1.8 billion buy-in with the Trustees of two pension schemes sponsored by United Utilities, the United Utilities Pension Scheme and the United Utilities PLC Group of the Electricity Supply Pension Scheme (“the Schemes”). The transactions provide the Schemes with secure income from Legal & General that covers around two thirds of their liabilities.
Aviva has secured a £120m full scheme buy-in of the NTL 1999 Pension Scheme.
The Institute and Faculty of Actuaries (IFoA) has awarded its Quality Assurance Scheme (QAS) accreditation to Isio, which has successfully demonstrated its commitment to the requirements and objectives of the QAS through an independent audit.
Actuarial consultancy OAC has joined the Managing General Agents’ Association, as it looks to support insurers and managing general agents who require outsourced talent to help scale their operations. The move comes after OAC was purchased by Broadstone earlier in 2023.