C&W and Prudential sign first billion pound buy-in

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UK - Cable & Wireless (C&W) and Prudential have signed the first £1bn (US$1.8bn) bulk annuities pension deal.

The deal, technically a buy-in, will see Prudential provide pension benefits to around 5,000 C&W Superannuation Fund (CWSF) defined benefit (DB) members already in payment and brings the total amou...

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