Northern Bank Pension Scheme agrees £680m buy-in with Pru

clock

The Northern Bank Pension Scheme has entered into a £680m buy-in with Prudential, marking the largest bulk annuity deal agreed so far this year.

The transaction, which was advised on by LCP, covered the majority of the scheme's current pensioner and dependent members, and included a flexible provision to add new retirees to the policy in fu...

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

More on Risk Reduction

DB funding remains steady in December, Broadstone finds

DB funding remains steady in December, Broadstone finds

Broadstone index finds both its modelled schemes made steady progress during 2025

Jasmine Urquhart
clock 08 January 2026 • 1 min read
Ability to act decisively and strategically in BPA market 'never been more critical'

Ability to act decisively and strategically in BPA market 'never been more critical'

Standard Life says trustees will continue to select insurers that provide bespoke solutions and pricing

Jasmine Urquhart
clock 07 January 2026 • 2 min read
Broadstone advises on more than £500m of BPA business in 2025

Broadstone advises on more than £500m of BPA business in 2025

SM&RT Insure has completed more than £1bn of transactions in total

Jasmine Urquhart
clock 06 January 2026 • 1 min read
Trustpilot