Rothesay Life has agreed the UK’s largest ever bulk annuity deal to date – a £4.7bn buyout of the GEC 1972 Plan, making 2019 officially a record-breaking year.
Telent and its trustees, Stanhope Pension Trust, have renewed the scheme's administration contact with Xafinity Paymaster for another five years.
Independent trustees running the Telent Pension Scheme and a US-based government workers fund have seeded a subordinated debt fund managed by Cairn Capital with £39m.