Global pension risk transfer monitor estimates a significant year of deals ahead
Deal is the latest phase of the scheme’s de-risking journey
The full buy-in transaction was signed in December for an undisclosed sum
A £227m deal was completed in September followed by a £30m agreement last month
Second deal for two-section scheme sees all members’ benefits now insured
Deferred-heavy deal completed at the end of 2021 in midst of ‘intense market’ conditions
Around 1,200 members were covered by the deal, with 80% of scheme now insured
Despite subdued market 2021 also expected to be third busiest year after H2 stampede
Deal also provides inflation protection for all 7,600 members of the scheme
A total of 29 deals range in size from between £3m and £250m as H2 saw higher demand