Northern Bank Pension Scheme completes £286m buy-in with M&G

Transaction fully secures the benefits for 1,917 scheme members

Martin Richmond
clock • 2 min read
Northern Bank Pension Scheme completes £286m buy-in with M&G

The Northern Bank Pension Scheme has completed a £286m buy-in with M&G.

The bulk purchase annuity transaction - completed with M&G subsidiary Prudential Assurance Company (PAC) as the insuring entity - has fully secured the benefits for 1,917 members of the scheme. It ...

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

Martin Richmond
Author spotlight

Martin Richmond

Senior Correspondent at Professional Pensions

More on Risk Reduction

Five schemes complete buy-ins worth £21.7m with Aviva

Five schemes complete buy-ins worth £21.7m with Aviva

Transactions secure the benefits of 117 pensioners and 60 deferred members

Martin Richmond
clock 20 January 2026 • 3 min read
PMI scheme completes full buyout with L&G

PMI scheme completes full buyout with L&G

L&G takes on responsibility for payment and administration of benefits, with PMI scheme to wind up

Holly Roach
clock 20 January 2026 • 2 min read
Dr. Martens scheme completes £37.5m buy-in with PIC

Dr. Martens scheme completes £37.5m buy-in with PIC

Bulk purchase annuity transaction secures benefits of 455 scheme members

Martin Richmond
clock 20 January 2026 • 2 min read
Trustpilot