Tate & Lyle scheme agrees £347m partial buy-in

clock

Tate & Lyle has secured a £347m buy-in with Legal & General to cover 43% of its pensioner liabilities, in the biggest bulk annuity deal of the year.

The food firm said the transaction, which relates to the liabilities of three out of seven pensioner members, covered approximately 30% of the scheme's total liabilities based on technical provisio...

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

Scheme resource constraints need not be a 'blocker' to conducting BPA transactions

Scheme resource constraints need not be a 'blocker' to conducting BPA transactions

Rise in demand for risk reduction solutions prompts need for schemes to ‘innovate’ and ‘adapt’

Martin Richmond
clock 25 April 2024 • 3 min read
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
Trustpilot