Civil Aviation Authority scheme completes £1.6bn buy-in

clock

The Civil Aviation Authority (CAA) Pension Scheme has completed a £1.6bn buy-in with Rothesay Life to insure the benefits of approximately two thirds of its members.

The deal, which also covers about two thirds of the scheme's liabilities, is the second largest buy-in after the ICI transaction in 2014 and is the biggest bulk annuity completed so far this year. ...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Do more insurers equal more capacity?

Do more insurers equal more capacity?

Nikhil Patel takes an in-depth look at current trends in the risk transfer market

Nikhil Patel
clock 24 April 2024 • 7 min read
Lexmark Pension Plan inks buy-in deal with Canada Life

Lexmark Pension Plan inks buy-in deal with Canada Life

Transaction secures the benefits of 93 pensioners and 84 deferred members

Holly Roach
clock 24 April 2024 • 2 min read
PIC launches buyout solution for small schemes

PIC launches buyout solution for small schemes

Insurer’s solution will offer DB schemes with less than £100m a path towards buyout

Martin Richmond
clock 24 April 2024 • 1 min read
Trustpilot