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 substantial...

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 Defined Contribution

B&CE’s Patrick Heath-Lay

PP Perspectives: Ten years of The People's Pension

Master trust CEO speaks of the successes and challenges of a decade of auto-enrolment

Jonathan Stapleton
clock 27 May 2022 • 5 min read
The performance of DC master trust default funds

The performance of DC master trust default funds

Lower volatility strategies unlikely to achieve significantly better downside protection

Jonathan Stapleton
clock 26 May 2022 • 2 min read
Claire Altman: Time to look again at the role annuities can play

PPI: The state of play in guaranteed income

More data is needed to understand how future pensioners could best use annuity products

Jonathan Stapleton
clock 26 May 2022 • 4 min read
Trustpilot