National Grid agrees £1.6bn buy-in with L&G in second deal this year
The National Grid UK Pension Scheme has agreed its second buy-in this year, transferring £1.6bn of pension risk to Legal & General (L&G).
The transaction relates to Section B of the £20bn gas industry scheme and covers benefits for around 6,000 pensioner members. Funding was secured using £1.6bn of the scheme's UK fixed interest securities....
More on Risk Reduction
Prudential Retirement completes $1.7bn of longevity reinsurance
Prudential Retirement reinsured $1.7bn (£1.4bn) of UK pension scheme longevity risk in the first half of the year, it has revealed.
Using pension risk transfer to plug the UK's £1trn infrastructure gap
The money used to insure pension liabilities can help met the government’s agenda to ‘build, build, build’, says Johnny Chow
UBS completes £1.4bn longevity swap with Zurich and Canada Life
The UBS (UK) Pension and Life Assurance Scheme has hedged the longevity risk of around half its defined benefit (DB) liabilities through a £1.4bn longevity swap completed with Zurich and Canada Life Reinsurance.
Brandsby Agricultural Trading Association agrees £13m buyout with Legal & General
The Brandsby Agricultural Trading Association (BATA) has agreed a £13m buyout with Legal & General (L&G), securing benefits for all 120 members of the BATA Superannuation Pension Scheme.
IPC Media Pension Scheme agrees £290m buy-in with Rothesay Life
The IPC Media Pension Scheme has agreed a £290m buy-in with Rothesay Life, insuring benefits for around 500 pensioner members.
