ICAEW fund completes £50m buy-in with Canada Life

Third buy-in takes scheme’s insured benefits to around half of liabilities

James Phillips
clock • 1 min read
Trustee chair Edward Levy

Trustee chair Edward Levy

The Institute of Chartered Accountants’ Staff Pensions Fund has insured the benefits of around 200 pensioner members in a £50m buy-in with Canada Life.

The transaction is the third bulk annuity deal completed by the Institute of Chartered Accountants in England and Wales (ICAEW) scheme, although the first with Canada Life. The prior deals were ...

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