Safeway scheme secures £80m buy-in with Canada Life

BPA transaction secures the benefits of 350 deferred members and 1,450 pensioners

Martin Richmond
clock • 2 min read
Safeway scheme secures £80m buy-in with Canada Life

The Safeway Pension Scheme has completed an £80m buy-in with Canada Life.

The bulk purchase annuity (BPA) transaction for the scheme has insured the benefits of more than 350 deferred members and 1,450 pensioners. The scheme is sponsored by Safeway Stores, which was p...

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

More on Risk Reduction

L&G confirms £2bn of UK PRT volumes written in H1 2026

L&G confirms £2bn of UK PRT volumes written in H1 2026

Insurer’s half-year results show institutional retirement operating profit grew to £646m

Martin Richmond
clock 05 August 2026 • 2 min read
Royal London new workplace pension sales increase by 13%

Royal London new workplace pension sales increase by 13%

Insurer’s interim results show its workplace pensions business AUM increased to £43.6bn

Martin Richmond
clock 05 August 2026 • 2 min read
Elementis Group Pension Scheme completes £300m buy-in with Aviva

Elementis Group Pension Scheme completes £300m buy-in with Aviva

Transaction secures the benefits of 4,500 scheme members

Holly Roach
clock 03 August 2026 • 3 min read
Trustpilot