The Total UK Pension Plan's £1.6bn buy-in was one of the largest in the market. Professional Pensions editor Helen Morrissey talks to Total's UK group pension manager Lester Farrant and Pension Insurance Corporation actuary Mitul Magudia about the reasoning behind the exercise as well as the lessons learned.
How the Total UK Pension plan executed its £1.6bn buy-in
16 February 2015
•
Share
More on Risk Reduction
M&G completes £100m 'BPA-plus' transaction for Miller Insurance
Proposition provides potential upside for members from discretionary bonus payments
24 July 2026
•
2 min read
ReAssure Staff Pension Scheme completes £260m buy-in with Standard Life
Deal follows Phoenix Group’s acquisition of ReAssure in 2020
23 July 2026
•
2 min read
HSBC Bank-sponsored scheme completes £10m buy-in with Royal London
BPA transaction completed with support of sponsor to secure members’ benefits over the long-term
22 July 2026
•
2 min read
