Baker Hughes agrees £100m buy-in with Just

James Phillips
clock • 2 min read
Baker Hughes agrees £100m buy-in with Just

The Baker Hughes (UK) Pension Plan has secured approximately £100m of liabilities through a buy-in with Just Group.

The deal, completed in May 2020, covers pensioner benefits within the £1.4bn scheme and is one of a series of steps taken to reduce risk and improve security for members. Trustee chairwoman and Law...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Industry

Latest issue - December 2021 / January 2022

Latest issue - December 2021 / January 2022

PP Online
clock 07 December 2021 • 1 min read
Tender Watch: Norfolk County Council and Stonegate

Tender Watch: Norfolk County Council and Stonegate

Norfolk County Council seeks admin support services and Stonegate appoints Kempen

Professional Pensions
clock 07 December 2021 • 1 min read
XPS said the impact of Covid-19 on life expectancy is not being taken into account by companies

Firms at risk of overstating liabilities by £45bn

‘Lack of consideration’ of the pandemic’s full impact is leading to overstating liabilities

Holly Roach
clock 07 December 2021 • 2 min read
Trustpilot