Nationwide secures £172m buy-in with Canada Life

Nationwide Building Society deal covers its pensioners across Cheshire and Derbyshire

Hope William-Smith
clock • 1 min read
Nationwide secures £172m buy-in with Canada Life

The Nationwide Pension Fund has completed a £172m buy-in with Canada Life, securing pensioners in its Cheshire and Derbyshire sections.

Nationwide Pension Fund chair and BESTrustees executive Catherine Redmond said the bulk annuity deal was "great news" for scheme members. "We as a trustee board are delighted to have taken this ...

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

More on Risk Reduction

Lowman Pension Scheme completes £10m full buy-in with L&G

Lowman Pension Scheme completes £10m full buy-in with L&G

BPA transaction fully secures the benefits of all 115 members of the scheme

Martin Richmond
clock 03 June 2026 • 2 min read
Hartwells Pension Plan agrees £160m buy-in with Just Group

Hartwells Pension Plan agrees £160m buy-in with Just Group

Transaction secures the benefits of all 2,361 scheme members

Holly Roach
clock 03 June 2026 • 3 min read
Church of Scotland scheme agrees £220m buy-in with Just Group

Church of Scotland scheme agrees £220m buy-in with Just Group

Transaction secures the benefits of 2,800 pensioner members and 700 deferred members

Holly Roach
clock 28 May 2026 • 2 min read
Trustpilot