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...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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