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

Standard Life launches £2bn PRT strategic partnership

Standard Life launches £2bn PRT strategic partnership

Partnership with consortium of investors set to expand Standard Life’s PRT business

Martin Richmond
clock 20 August 2026 • 4 min read
Altro scheme completes £85m 'BPA-plus' transaction with M&G

Altro scheme completes £85m 'BPA-plus' transaction with M&G

Risk reduction deal secures the benefits of 740 members

Martin Richmond
clock 20 August 2026 • 2 min read
ICAEW-sponsored scheme completes £58m buy-in with PIC

ICAEW-sponsored scheme completes £58m buy-in with PIC

BPA transaction secures the benefits of 375 members of the scheme

Martin Richmond
clock 19 August 2026 • 1 min read
Trustpilot