M&G completes £500m BPA deal that shares value with corporate sponsor

Transaction secures the benefits for around 3,200 pensioner and deferred members

Martin Richmond
clock • 3 min read
M&G completes £500m BPA deal that shares value with corporate sponsor

A pension scheme sponsored by an unnamed private corporate sponsor has completed a £500m value share bulk purchase annuity (BPA) transaction with M&G.

The transaction, which is said to be the first of its kind, marks the launch of M&G's "value share" BPA proposition. The transaction allows the trustees of the scheme to insure the scheme in the...

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