'Fashionable' buy-ins delaying journey to buyout
Pension schemes could be accidentally pushing themselves further from their endgame by agreeing “fashionable” buy-ins with insurers.
Speaking at a panel discussion this morning (25 September), Redington director of investment consulting Mette Hansen said the illiquid nature of buy-in assets reduces the potential returns for a scheme...
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The 3i Group Pension Plan has agreed a £650m buy-in with Legal & General (L&G), insuring the remaining benefits within the scheme.
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L&G announces bulk annuities with UK and US schemes
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