PIC completes £250m buy-in with Smiths pension scheme

Buy-ins still possible even with post-Brexit volatility, says PIC actuary


Bulk annuity deals fly in wake of Brexit vote

PIC and Just Retirement complete deals


Chappell steps down as chief risk officer of PIC

Search for replacement is underway


PIC in third longevity deal with Prudential Financial

Transaction amounts to $1.1bn


PIC in pension buy-in and retrocession deal with Siemens

Supports German group's efforts to de-risk and pension liabilities


PRA draws red line on longevity risk deals

Regulator points to collateralisation to mitigate counterparty risk


Twenty UK insurers await news on Solvency II internal model application

PRA expected to announce decisions over the weekend


UK annuity market to grow £5bn in 2016

Financial consultancy dismisses concerns about Solvency II effect on pricing


Life insurers stuck with the riddle of the risk margin

Of all the innovations of Solvency II, the risk margin threatens to be the most painful for UK life insurers. The transitional benefit will provide relief against it on 1 January, but in the long run it may do more harm than good. Hugo Coelho reports


PIC in £2.4bn pension buyout

Hannover Re picks up share of longevity risk