Unilever scheme agrees £129m buy-in

clock

The Uniac Pension Fund, which provides benefits for Unilever workers seconded overseas, has agreed a £129m buy-in with Legal & General (L&G) to cover its pensioner members.

The scheme was established under section 615 of the Income and Corporation Taxes Act 1988 and is not connected to the £7bn Unilever UK Pension Fund. Advisers on the deal said it was the largest ...

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

Terex Pension Scheme secures buy-in with Aviva

Terex Pension Scheme secures buy-in with Aviva

The deal secures the benefits of 341 pensioners and 271 deferred members

Holly Roach
clock 31 July 2025 • 2 min read
Brookfield Wealth Solutions agrees to buy Just Group

Brookfield Wealth Solutions agrees to buy Just Group

Just and Blumont to operate as single entity under Just’s brand and leadership

Jonathan Stapleton
clock 31 July 2025 • 2 min read
British Heart Foundation scheme secures £37m buy-in with Royal London

British Heart Foundation scheme secures £37m buy-in with Royal London

Transaction secures the benefits of 118 pensioners and their dependants and 85 deferred pensioners

Holly Roach
clock 29 July 2025 • 2 min read
Trustpilot