Browsing: Bulk Purchase Annuity Transactions
Life Risk News’ coverage of the bulk purchase annuity transactions market
The £120m agreement insures Lufthansa Group’s three UK defined benefit pension schemes in one integrated transaction.
The transaction secures the benefits of all 154 members, comprising 37 pensioners and 117 deferred members.
£53m deal is Royal London’s latest since entering BPA market last year.
The buy-in covers the pension benefits of 95 pensioners and dependents, and 74 deferred scheme members and is worth £24m.
The latest buy-in secures the pensions of almost 5,000 pensioners and dependants and over 3,000 deferred policyholders.
The transaction, which concluded in September 2024, secured the benefits of 463 pensioners and 241 deferred members.
The arrangement provides long-term protection to MNRPF against costs resulting from pensioners or their dependants living longer than expected and enhances security for MNRPF members.
The Walkers Shortbread Limited Retirement Benefits Scheme has completed a £34m bulk purchase annuity buy-in transaction with Legal & General, securing the benefits of 161 retirees and 238 deferred members.
The trustee of the G4S Pension Scheme has completed a £1.8bn bulk purchase annuity buy-in transaction with Just Group, insuring the benefits of around 22,500 scheme members.
Consultants Isio has facilitated a £20m buy-in transaction for an unnamed defined benefit scheme in the UK.