Lufthansa agrees £120m buy-in with Royal London

Transaction spans across the company’s three DB schemes

Holly Roach
clock • 1 min read
Lufthansa agrees £120m buy-in with Royal London

Lufthansa UK Pension Trustee has secured a £120m buy-in deal with Royal London, spanning its three UK defined benefit schemes.

The bulk purchase annuity (BPA) transaction – completed in January – secures the benefits of 1,200 scheme members. The trustee was advised by Cardano and CMS on the deal. Trustee chair Clive ...

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Holly Roach
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Holly Roach

Deputy Editor at Professional Pensions

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