- NN Life and Pensions, a subsidiary of the Netherlands’ NN Group, has awarded a €4bn longevity risk transfer mandate to Prudential Financial, Inc (PFI). 

The reinsurance agreement covers approximately 96,000 policyholders, effective as of July 1, 2025. Marking PFI's second international longevity reinsurance transaction with NN Life & Pensions, the deal is expected to help strengthen PFI’s institutional retirement strategies expansion within the Dutch market. PFI president of retirement strategies and head of the company's Global Retirement Center of Excellence, Dylan Tyson, also highlighted the deal as further demonstration of the firms commitment to the global retirement marketplace, stating:  “PFI is pleased to again collaborate with NN Life & Pensions, as we build the scale of our Institutional Retirement Strategies work in the Netherlands." 

- Both defined benefit and defined contribution (DC) schemes saw positive movements in July, despite ongoing market uncertainty, analysis from LCP Ireland has revealed.

The analysis showed that LCP's sample DB pension scheme funding level rose to 105 per cent in July, after assets increased by 1.4 per cent, more than offsetting the 0.1 per cent increase in liabilities. Improvements were also seen for DC schemes, as the data showed that both its high-risk and medium-risk DC strategies posted positive returns over the month, while the Pension Purchase DC strategy experienced a fall, reflecting a decrease in the cost of annuities. LCP's update clarified that whilst the latest trade deal between the US and EU brings stability after weeks of uncertainty, with European equities experiencing modest gains in July, EU exporters are facing higher costs, sparking some concerns over European competitiveness. These factors, according to LCP, contributed to the euro weakening against the dollar by the end of the month.

- Royal London has reported further growth in the Irish pensions market, with pension sales in Ireland rising from £39m in the first half of 2024 to £133m in the first half of 2025. 

According to the group's interim results, new business sales in Ireland increased by 76 per cent to £227m, primarily driven by the increase in pension sales. This included new sales from Royal London's regular premium Personal Retirement Savings Account product, which launched in H2 2024. Protection new business sales also increased to £94m, up from £90m for the same period last year. "The growth reflects our leading position in the Irish broker protection market and the successful expansion of our Pensions offering with the launch of a regular premium Personal Retirement Savings Account product at the end of last year," the group stated. 

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