AIB secures £1.1bn de-risking deal targeting full buy-in

clock • 2 min read

Allied Irish Bank (AIB) has secured an £850m buy-in for its UK pension scheme with Legal & General (L&G).

The Irish bank has worked with Legal & General to de-risk its UK pension scheme using a new investment risk insurance service. The bank has also agreed a further £250m de-risking deal with the i...

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

Samworth Brothers scheme secures £400m buy-in with Canada Life

Samworth Brothers scheme secures £400m buy-in with Canada Life

Transaction secures the benefits of over 7,000 scheme members

Holly Roach
clock 02 September 2026 • 3 min read
Clara agrees second small schemes superfund deal with £40m pension fund

Clara agrees second small schemes superfund deal with £40m pension fund

Transaction will see more than 400 members join the Clara Pension Trust

Jonathan Stapleton
clock 02 September 2026 • 2 min read
Rothesay reports 'robust' first half business volumes in 'dynamic' PRT market

Rothesay reports 'robust' first half business volumes in 'dynamic' PRT market

Insurer says it generated new business premiums of £2.8bn in first six months of 2026

Jonathan Stapleton
clock 01 September 2026 • 1 min read
Trustpilot