Buyout fully secures members’ benefits following a £33.7m buy-in deal in 2024
Hymans predicts £1trn of pension scheme liabilities will have been insured by 2035
Transaction secures the benefits of all 74 scheme members
The buy-in deal was converted to a buyout within two months of the initial transaction
BPA transaction secures the benefits of more than 1,600 members
Full buy-in transaction secures the benefits of all 160 scheme members
Firm wrote £1.5bn of BPAs in 2025, with £1bn written in Q4 alone
Transactions secure the benefits of 117 pensioners and 60 deferred members
L&G takes on responsibility for payment and administration of benefits, with PMI scheme to wind up
Bulk purchase annuity transaction secures benefits of 455 scheme members