Harrods scheme and Scottish Widows complete £400m buy-in

Deal insures the benefits of around 1,900 pensioners and 2,100 deferred members

Holly Roach
clock • 1 min read
Harrods scheme and Scottish Widows complete £400m buy-in

The Harrods Group Pension Plan has completed a £400m buy-in transaction with Scottish Widows.

The deal - announced today (12 June) - secures the benefits of around 1,900 pensioners and 2,100 deferred members. XPS Pensions Group acted as lead transaction adviser on the deal, while legal a...

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