Paternoster will announce a £2.5bn longevity swap with BMW's UK scheme this month – the largest ever and its first deal since switching from direct insurance to product design.
Aon Consulting has replaced Mercer as administrator of the Honda Europe scheme, following the trustees' decision to consider legal action against Mercer.
The trustees of the Liberty International pension fund have bought a buy-in contract with Pension Insurance Corporation as a short cut to a full buy-out.