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News in brief: Pacific Life Re and Scottish Widows PRT deals

A short summary of this week's major pension risk transfer deals

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Scottish Widows hails gains from manager switch and longevity release

Dropping Standard Life Aberdeen produces one-off profit boost

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Pacific Life Re strikes landmark £10bn longevity swap deal

The deal is the second largest ever seen in the UK

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Bermuda's Watford Re names Liz Cunningham chief risk officer

She joins from Nautilus Indemnity Holdings

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Scottish Widows offloads staff pension scheme to save £600m in capital

Transferred to Lloyds Bank as part of ring-fencing restructure

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Prudential Financial seals $3.2bn longevity reinsurance deals

US insurer says deals signal healthy growth in UK pension risk transfer market

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Four UK life insurers avoid customer fairness probe

Financial Conduct Authority closes investigation without enforcement action

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Standard Life Aberdeen profits take a hit in "tough market"

Challenging market conditions led to a 12% drop in pre-tax profits

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Plan for cyber-attacks, warns regulator

Cyber-attacks have grown and can be easily transmitted between parties, regulators have cautioned

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Scottish Widows escapes scrutiny over treatment of longstanding customers

"Insufficient basis" for enforcement, FCA says