Motor industry scheme drives £19m buy-in with unnamed insurer

Risk reduction transaction secures benefits for 52 pensioners and 17 deferred members

Martin Richmond
clock • 1 min read
Motor industry scheme drives £19m buy-in with unnamed insurer

A pension scheme sponsored by an unnamed motor industry company has secured a full £19m buy-in with an unspecified insurer.

The bulk annuity transaction has secured the benefits for 52 pensioners and 17 deferred members. The transaction was led by K3 Advisory, while Spence & Partners provided administration, actuarial a...

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