Pearson scheme enters £1.2bn buy-ins with Aviva and L&G

James Phillips
clock • 2 min read

The Pearson Pension Plan has agreed two buy-ins worth £1.2bn and has laid the groundwork for more bulk annuity contracts in the future.

The two deals - completed with Aviva and Legal & General (L&G) - each cover around 2,400 pensioner members, and a combined two-thirds of pensioner liabilities, and are split equally between the two...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Elementis Group Pension Scheme completes £300m buy-in with Aviva

Elementis Group Pension Scheme completes £300m buy-in with Aviva

Transaction secures the benefits of 4,500 scheme members

Holly Roach
clock 03 August 2026 • 3 min read
Aon launches Future DB to streamline endgame journeys

Aon launches Future DB to streamline endgame journeys

Head of UK retirement Ben Roe says newly announced surplus flexibilities are prompting schemes to revisit endgame decisions

Jonathan Stapleton
clock 03 August 2026 • 4 min read
Hickson scheme completes £208m buy-in with Royal London

Hickson scheme completes £208m buy-in with Royal London

BPA transaction secures the benefits of more than 1,250 members of the scheme

Martin Richmond
clock 31 July 2026 • 1 min read
Trustpilot