Universal Office Supplies scheme agrees £47m buy-in

Deal with Legal & General insurers benefits 260 members

Hope William-Smith
clock • 1 min read
Universal Office Supplies scheme agrees £47m buy-in

The Universal Office Supplies Pension Scheme has agreed a £47m buy-in with Legal & General (L&G) covering the benefits of 175 deferred members and 85 retirees.

The transaction for the scheme of former stationery and office supplies provider Staples UK was agreed as part of a sole insurer process. It is the second of a two-part transaction; this style o...

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