Tui agrees £800m buy-ins with L&G

James Phillips
clock • 2 min read
Tui agrees £800m buy-ins with L&G

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 pension...

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