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

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

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Haberdashers scheme sews up £3m buy-in deal with Just Group

Haberdashers scheme sews up £3m buy-in deal with Just Group

Bulk annuity transaction secures the benefits for scheme whose sponsor was founded in 1448

Martin Richmond
clock 12 July 2024 • 2 min read
De-risking funded reinsurance arrangements in the UK life insurance sector

De-risking funded reinsurance arrangements in the UK life insurance sector

Francis Richard Pereira assesses how changes to regulation will impact the PRT market

Francis Richard Pereira
clock 10 July 2024 • 7 min read
Institute of Civil Engineers scheme agrees £35m buy-in with Aviva

Institute of Civil Engineers scheme agrees £35m buy-in with Aviva

Deal insures the benefits of around 300 pension scheme members

Jasmine Urquhart
clock 10 July 2024 • 2 min read
Trustpilot