Hitachi scheme agrees hybrid benefit buy-in with L&G

James Phillips
clock • 2 min read

The Hitachi Data Systems Retirement Benefits Plan has agreed a buy-in with Legal & General (L&G) Assurance Society, covering both defined benefit (DB) and defined contribution (DC) provision.

The bulk annuity insures benefits for the 120 pensioner and deferred members who were not included in two prior buy-ins in 2012 and 2013, also completed with L&G. The deal was completed in the f...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Aston Martin scheme and Aviva manufacture £180m full buy-in deal

Aston Martin scheme and Aviva manufacture £180m full buy-in deal

Transaction secures the benefits of 540 pensioners and 1,050 deferred members

Holly Roach
clock 29 July 2026 • 2 min read
Unnamed UK scheme and M&G complete £150m 'BPA-plus' transaction

Unnamed UK scheme and M&G complete £150m 'BPA-plus' transaction

Insurer’s proposition provides potential upside for members from discretionary bonus payments

Holly Roach
clock 29 July 2026 • 2 min read
WTW launches streamlined longevity swap solution

WTW launches streamlined longevity swap solution

Fixed-fee service aims to provide better reinsurance access for sub-£1bn schemes

Jonathan Stapleton
clock 28 July 2026 • 1 min read
Trustpilot