TT Group scheme agrees £400m buy-in with L&G

The transaction with L&G covers the benefits of around 5,000 retirees

Martin Richmond
clock • 3 min read
TT Group scheme agrees £400m buy-in with L&G

The TT Group (1993) Pension Scheme has agreed a £400m buy-in with Legal & General (L&G).

The bulk purchase annuity, for the scheme of electronics company TT Electronics, covers the benefits of approximately 5,000 retirees and deferred members. Mercer acted as an adviser to both the ...

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

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