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

Welsh National Opera scheme signs £11.1m buy-in deal with Utmost

Welsh National Opera scheme signs £11.1m buy-in deal with Utmost

Transaction secures the benefits of 158 scheme members

Holly Roach
clock 22 October 2026 • 2 min read
Interface scheme secures £85m buy-in with PIC

Interface scheme secures £85m buy-in with PIC

Transaction secures the benefits of 1,117 scheme members

Holly Roach
clock 21 October 2026 • 1 min read
Biffa Pension Scheme completes £275m buy-in with Standard Life

Biffa Pension Scheme completes £275m buy-in with Standard Life

Transaction secures the benefits of 3,070 scheme members

Holly Roach
clock 20 October 2026 • 1 min read
Trustpilot