Evonik scheme completes £544m full buy-in with L&G
The defined benefit (DB) scheme of Evonik Holdings UK has agreed a £544m full buy-in with Legal & General (L&G) Assurance Society.
The four UK schemes merged to insure the benefits of over 3,600 UK pension scheme members last month. The deal follows a similar transaction a $93m (£68m) "lift out" - a US transaction similar to a...
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