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
Image:

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 ...

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 Investment

Industry Voice: Does your current pension scheme offer Value for Members?

Industry Voice: Does your current pension scheme offer Value for Members?

Evolve Pensions
clock 05 July 2022 • 4 min read
SIF 2022: One week left to register!

SIF 2022: One week left to register!

The Sustainable Investment Festival will take place next Monday and Tuesday

Professional Pensions
clock 04 July 2022 • 3 min read
Richard Butcher: Getting good stewardship to work consistently throughout the investment chain is really difficult

PLSA and IA steering group issues stewardship proposals

Set of recommendations aims to bolster relationship between managers and schemes

Jonathan Stapleton
clock 30 June 2022 • 3 min read
Trustpilot