EMI scheme agrees record-breaking £1.5bn buyout

clock •

Citi has secured a £1.5bn buyout for its EMI Group Pension Fund in the biggest bulk annuity deal concluded in the UK so far.

The transaction with Pension Corporation (PIC) covers all risk associated with the liabilities of the scheme's 20,000 members. Citigroup became the sponsoring employer of the scheme when it sold...

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

Just Group posts H1 results revealing £647m in PRT sales

Just Group posts H1 results revealing £647m in PRT sales

Insurer says its strong position in the smaller scheme segment has led to steady deal flow

Jonathan Stapleton
clock 22 September 2026 • 2 min read
Pension risk transfer volumes surpass £10bn in H1

Pension risk transfer volumes surpass £10bn in H1

Consultants expects market capacity to increase following insurer acquisitions

Martin Richmond
clock 22 September 2026 • 4 min read
Buyout insurers set sights on member experience

Buyout insurers set sights on member experience

Half of insurers offer pension increase exchange as firms build out digital tools

Alex Levy
clock 16 September 2026 • 2 min read
Trustpilot