A pension scheme sponsored by an unnamed motor industry company has secured a full £19m buy-in with an unspecified insurer.
The bulk annuity transaction has secured the benefits for 52 pensioners and 17 deferred members. The transaction was led by K3 Advisory, while Spence & Partners provided administration, actuarial a...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date