Dresdner Kleinwort Pension Plan agrees £1.2bn buy-in; Deal covers hybrid benefits

Jonathan Stapleton
clock • 2 min read

The trustees of the Dresdner Kleinwort Pension Plan have completed a full £1.2bn buy-in with Pension Insurance Corporation - covering the scheme's £900m final salary section as well as a £300m money purchase section.

The transaction allowed members in the money purchase section with hybrid defined contribution (DC) and defined benefit (DB) benefits to choose to transfer their benefits to an alternative arrangem...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

The birth of the buy-in: Reflections on 20 years of pension risk transfer

The birth of the buy-in: Reflections on 20 years of pension risk transfer

Clive Wellsteed reflects on how the buy-in came into being and why it has become the route of choice for many pension schemes

Clive Wellsteed
clock 15 April 2026 • 7 min read
Time taken to convert from buy-in to buyout increasing due to insurer backlog

Time taken to convert from buy-in to buyout increasing due to insurer backlog

Time taken to convert from buy-in to buyout increasing due to insurer backlog

Martin Richmond
clock 14 April 2026 • 2 min read
Graham Asset Management pension scheme agrees £1m buy-in with L&G

Graham Asset Management pension scheme agrees £1m buy-in with L&G

Transaction is the second completed using Isio’s new framework for micro schemes

Holly Roach
clock 14 April 2026 • 2 min read
Trustpilot