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

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Halma and Apollo schemes secure buy-in deals with Standard Life worth £250m

Halma and Apollo schemes secure buy-in deals with Standard Life worth £250m

Bulk purchase annuity worth £250m and secure the benefits of 2,200 scheme members

Holly Roach
clock 07 November 2024 • 2 min read
Average time to buyout drops to 5.2 years

Average time to buyout drops to 5.2 years

Barnett Waddingham DB End Gauge Index records largest monthly fall since February

Jasmine Urquhart
clock 07 November 2024 • 1 min read
Atradius UK scheme completes £190m buy-in with PIC

Atradius UK scheme completes £190m buy-in with PIC

Risk reduction transaction secures benefits for 771 pensioners, deferred members and active members

Martin Richmond
clock 07 November 2024 • 2 min read
Trustpilot