Balfour Beatty Pension Fund agrees £1.7bn longevity deal

Transaction will protect the fund against rising costs and provide greater security

Martin Richmond
clock • 1 min read
Balfour Beatty Pension Fund agrees £1.7bn longevity deal

The Balfour Beatty Pension Fund has completed a £1.7bn longevity transaction with SCOR and Zurich Assurance.

The transaction will protect the fund against the risk of rising costs due to the increased life expectancy of members and will provide the fund's trustee with increased security and flexibility. ...

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

TPR tranche 18 analysis shows majority of schemes now in surplus

TPR tranche 18 analysis shows majority of schemes now in surplus

Two-thirds in surplus on technical provisions basis as funding ratio reaches 104%

Jasmine Urquhart
clock 05 September 2025 • 2 min read
M&G to launch with-profits bulk annuity in 2026

M&G to launch with-profits bulk annuity in 2026

Insurer says the new product will provide it with ‘key competitive advantage’ in market

Jonathan Stapleton. Additional reporting by Patrick Brusnahan
clock 03 September 2025 • 2 min read
'Temporary' positive funding levels could be unwound if QT halted or reversed

'Temporary' positive funding levels could be unwound if QT halted or reversed

Fears rise over monetary policy as government borrowing costs hit highest level since 1988

Jonathan Stapleton
clock 02 September 2025 • 2 min read
Trustpilot