Vestey scheme secures second pensioner buy-in

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The Western United Group Pension Scheme has secured a £111m pensioner buy-in with Rothesay Life, a year and a half after completing a £115m deal with the same insurer.

The scheme, which is sponsored by food supplier Vestey Group, exchanged cash and gilts for the policy. The deal is part of a trend which has seen several schemes effectively extend existing buy-...

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