The Bayer Group Pension Plan has agreed a £280m buy-in deal with Canada Life, securing the benefits of more than 1,300 retirees.
The buy-in deal - the first completed by the plan - covers around 40% of the scheme's pensions in payment and reduces its exposure to investment and longevity risk. Through the transaction, an u...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
