4729

Going off-trail on internal models

Over the past three years, about one in three UK insurers intending to build an internal model have scrapped their plans. More could follow before April next year, when the formal applications are due. Hugo Coelho investigates.

4696

BT bypasses intermediaries in record longevity swap

Deal confirms increasing popularity of pension de-risking transactions

4673

PRA ignores insurers on matching adjustment rules

The UK's regulator has failed to clarify the rules for applying the matching adjustment, but has set out conditions for repackaging assets and is inviting firms to engage in a trial application. Hugo Coelho reports

4431

The UK pensions bombshell: opportunities among the wreckage?

The UK annuities market is undergoing a dramatic change as the rules on retirement products are rewritten. In this article, Christopher Cundy looks at five major implications for products and strategy

4348

Swiss Re, Scor and Munich Re share in Aviva's £5bn longevity risk swap

Largest longevity deal with pension fund to date

4346

PIC delivers £30m buy-in for parcel pensioners

The transaction covers around £30m of pensioner liabilities and 645 members

4282

FCA dices with actuaries in annuity profits probe

The UK's Financial Conduct Authority wants to make the annuity markets more competitive, but tackling excess profitability and price differentiation may be a bigger challenge than it thinks. Christopher Cundy reports

4226

"A year of two halves" for 2013 mortality rates

England and Wales data shows big disparity between first and second halves of the year

3867

Partnership claims largest enhanced bulk annuity deal

Completes £22m buy-in with unnamed pension scheme

3807

Rothesay Life completes £440m buy-out of InterContinental pension fund

Good time to proceed with deals, says PwC