Merrill Lynch scheme completes £400m buy-in with Scottish Widows

James Phillips
clock • 2 min read

The Bank of America Merrill Lynch UK Pension Plan has insured benefits for 915 pensioner members in a £400m buy-in with Scottish Widows.

The bank's largest pension scheme made the step as part of a long-term de-risking journey, with the deal helping to improve its long-term funding position. The scheme was advised by Aon and its ...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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