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We all know that markets move. However, in the past few years we’ve lived through one of the most turbulent periods in modern history. Yet market volatility can also create opportunities for pension schemes on their de-risking journeys – during this period we have seen some of the most of attractive bulk annuity pricing in the history of the UK market. The market factors that most impact buyout affordability have continued to move positively over the course of this year, namely interest rates and credit spreads. In this episode, Sabeen Iftikhar, Director in our Pension Risk Transfer (PRT) business, talks to Aysha Patel, New Business Origination Lead, PRT and Mat Webb, Head of insurance Solutions & Strategy at Legal & General Investment Management, about how pension schemes can take advantage of market volatility and achieve favourable pricing opportunities.

Bea Male, Client Solutions Director talks to Dave Matthews, Head of PRT Quote Production and Roshni Sakaria, Actuarial Manager, about our insurer quote processes, while exploring the key inputs and factors that influence bulk annuity pricing. The episode also discusses how market volatility can impact pricing, as well as highlighting how insurers can help pension schemes take advantage of favourable pricing opportunities using different solutions, such as ‘price locks’.

This episode welcomes Wes Erlam, Head of Urban Regeneration, Ben Rodgers, Head of Regeneration and Aaron McClure, Investment Manager where they demystify how our unique business model enables us to deliver our purpose of inclusive capitalism.  By using examples of our regeneration projects in Manchester, Cardiff and Oxford, where we've created jobs, homes and services for local people, we can highlight how businesses can benefit the wider economy, while generating the right level of returns for customers.

Industry experts expect 2022 to be another busy year for the Pension Risk Transfer (PRT) market. In this episode, we welcome back John Towner, Head of UK New Business, LGRI and Sheena McEwen, Head of Distribution, LGRA, where they reflect on trends presented in the UK and US markets throughout 2021 and what we can expect to see in 2022.

We often hear the term “preparation is key” when pension schemes start their de-risking journey, but what does this actually mean? In this episode, we’re joined by Matt Nelmes, New Business Manager in LGRI, who outlines what schemes need to consider before coming to market.

A year on, we welcome back Darryl Brundle, Head of Longevity and Ashley Kanter, Longevity Research and Innovation Specialist in LGRI's Longevity team, who have been exploring links between climate change and mortality rates. In this episode, Darryl and Ashley discuss their findings and explain why this information is important to insurers.

Legal & General Retirement Institutional is the UK’s market-leading bulk annuity provider, with over 30 years’ experience, it has insured over 3,500 pension schemes and currently looks after over half a million pension policyholders. It all started in 1986, when senior management created two new business units. One was Group Risk; the other was Bulk Purchase Annuities (BPA). In this episode, we're joined by Dave Poulton, Chief Customer Officer at LGRI and welcome back retired senior actuary Dennis Canham, who was given BPA to “see what he could make of it”, as they discuss how our PRT business has developed throughout the years to what it is today.

In part two of our two-part episode, Brian Izzard, Member Nominated Trustee for the Nortel Networks UK Pension Plan and Dom Moret, Head of Origination & Execution, discuss our £2.4 billion PRT transaction in more detail, which enabled the Plan to exit the Pension Protection Fund (PPF) assessment and covered over 20,000 pension members' benefits. They also outline the key elements that made the transaction such a success.

In 2018, we announced a £2.4 billion Pension Risk Transfer (PRT) transaction with the Nortel Networks UK Pension Plan, which enabled the Plan to exit the Pension Protection Fund (PPF) assessment. In this two-part episode, we welcome Dom Moret, Head of Origination & Execution at Legal & General Retirement Institutional who worked on the transaction and Brian Izzard, Member Nominated Trustee for the Plan, discussing Brian's journey of becoming a trustee and how he felt when he first heard that Nortel Networks was going into administration.

Julian Hobday, Origination & Execution Director, LGRI, Adolfo Aponte, Managing Director, Lincoln Pensions and Tom Lukic, Trustee, Dalriada, discuss what happens when a pension scheme’s corporate sponsor is acquired by another company and the Mergers & Acquisitions (M&A) agreement includes provisions regarding the pension scheme that makes the  sale conditional on the removal of future DB risk. The episode focuses on a recent transaction completed by Legal & General in November 2020, where Lincoln provided strategic advice to the seller.

Stefan Hentschel, Head of Treasury & Pension Asset Management, Evonik and John Towner, Head of New Business, LGRI discuss Legal & General’s second global transaction, announced in January 2021. The episode highlights the process from Evonik’s perspective, working together with L&G towards desired objectives and explores why it’s beneficial for a multinational company to have the option of de-risking with the same insurer across countries.

We are pleased to have completed our first ever conversion of part of an Assured Payment Policy (APP) to a buy-in. In this episode, Sabeen Iftikhar, New Business Actuary and Frankie Borrell, Head of Client Solutions will explore APPs in more detail including their conversion mechanics, highlighting how innovative solutions such as APPs can help pension schemes on their de-risking journeys.