£150m scheme completes top-sliced medically underwritten buy-in

clock

The £150m Institution of Engineering and Technology ("IET") Superannuation and Assurance Scheme has completed a £32m medically underwritten buy-in.

The deal, completed earlier in the year with an unnamed insurer, covers liabilities relating to pensioners with the highest value benefits, and was secured at just above the scheme's technical prov...

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

M&G completes £100m 'BPA-plus' transaction for Miller Insurance

M&G completes £100m 'BPA-plus' transaction for Miller Insurance

Proposition provides potential upside for members from discretionary bonus payments

Jonathan Stapleton
clock 24 July 2026 • 2 min read
ReAssure Staff Pension Scheme completes £260m buy-in with Standard Life

ReAssure Staff Pension Scheme completes £260m buy-in with Standard Life

Deal follows Phoenix Group’s acquisition of ReAssure in 2020

Jonathan Stapleton
clock 23 July 2026 • 2 min read
Smiths Industries scheme completes £760m buy-in with M&G

Smiths Industries scheme completes £760m buy-in with M&G

BPA transaction secures the benefits of over 10,000 members of the scheme

Martin Richmond
clock 21 July 2026 • 2 min read
Trustpilot