Buyout guide from ABI

Buy-out firms reported a 50 per cent increase of funds under management, of £22 billion to the end of 2008, according to figures released by the ABI. The pensions of over half a million people are now covered by these funds. The ABI has produced a guide for trustees and companies explaining how bulk insured pensions work.

The guide is available to download at www.abi.org.uk.