Northern Bank Pension Scheme agrees £680m buy-in with Pru

clock

The Northern Bank Pension Scheme has entered into a £680m buy-in with Prudential, marking the largest bulk annuity deal agreed so far this year.

The transaction, which was advised on by LCP, covered the majority of the scheme's current pensioner and dependent members, and included a flexible provision to add new retirees to the policy in fu...

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

L&G Flow surpasses £1bn of scheme liabilities insured

L&G Flow surpasses £1bn of scheme liabilities insured

Risk reduction solution secured £360m of transactions this year

Jasmine Urquhart
clock 18 December 2025 • 1 min read
Peel Ports scheme secures £230m full buy-in with PIC

Peel Ports scheme secures £230m full buy-in with PIC

Transaction secures the benefits of around 2,000 scheme members

Holly Roach
clock 18 December 2025 • 2 min read
Increased competition and a more strategic approach key to shaping BPA market

Increased competition and a more strategic approach key to shaping BPA market

Simmons & Simmons publishes bulk annuity end of year survey

Jasmine Urquhart
clock 17 December 2025 • 2 min read
Trustpilot