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
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- 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
