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