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...

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Martin Richmond
Author spotlight

Martin Richmond

Senior Correspondent at Professional Pensions

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