IFOA have published a revised Actuaries’ Code and guidance 2025 & more…Keep up with what has been happening this week in our latest IP news round-up…

Royal London complete buyin for Pandrol Group Pension Scheme

Royal London, the UK’s largest mutual life, pensions and investment provider, has secured a £45m bulk purchase annuity (BPA) transaction with the Pandrol Group Pension Scheme. This latest buy-in covers around 200 members. Royal London worked in collaboration with the Trustee Board, Pandrol Limited and their respective advisers.

BW SIPP strengthens leadership team with key appointments

BW SIPP has reinforced its leadership team with the appointments of Emily Crotty as Head of SIPP Risk and Rebecca Smith as Head of SIPP Finance.

Law Debenture appoints actuary Stephanie Randall

Law Debenture welcomes Stephanie Randall as Head of Bids. Stephanie joins Law Debenture, from her previous role as Head of Bid and Pursuit at Aon, where she was responsible for all bids across pensions, investment, employee benefits and insurance broking for the UK and Multinationals.

IFOA have published a revised Actuaries’ Code and guidance 2025

A revised version of the Actuaries’ Code will come into effective from 25 September 2025, accompanied by updated guidance to support members in applying the new Code.

We need to focus on actively selling cyber insurance, says Munich Re’s Golling

During RVS 2025 in Monte Carlo, Stefan Golling, Member of the Board of Management at Munich Re, urged the re/insurance industry to step up efforts in actively selling cyber insurance and related services, particularly to clients who currently lack access.