Tui agrees £800m buy-ins with L&G

James Phillips
clock • 2 min read

Global travel firm Tui has agreed two buy-ins worth a total of £794m with Legal & General (L&G) Assurance Society, insuring two sections of the Tui Group UK Pension Trust.

A £610m partial buy-in has been agreed with the Britannia Airways Limited (BAL) section, while the Thomson Airways Pension Scheme section (TAPS) secured a £184m full buy-in. They are the first p...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

BBC Pension Scheme completes £6bn longevity swap

BBC Pension Scheme completes £6bn longevity swap

Transaction with Zurich and MetLife is second step in scheme’s phased longevity hedging programme

Holly Roach
clock 20 November 2025 • 2 min read
Dolce pension scheme completes £9.3m buy-in with Just Group

Dolce pension scheme completes £9.3m buy-in with Just Group

Risk reduction transaction secures the benefits of 510 scheme members

Martin Richmond
clock 19 November 2025 • 2 min read
Millennium Inorganic Chemicals scheme agrees £30m buy-in with Just Group

Millennium Inorganic Chemicals scheme agrees £30m buy-in with Just Group

Transaction means benefits of all scheme members are now insured

Holly Roach
clock 18 November 2025 • 2 min read
Trustpilot