M&G completes illiquid asset transfer to secure £60m BPA deal

Transaction with unnamed scheme secures the benefits of over 750 members

Holly Roach
clock • 2 min read
M&G completes illiquid asset transfer to secure £60m BPA deal

M&G has completed an illiquid asset transfer to facilitate a £60m bulk purchase annuity (BPA) deal with an unnamed pension scheme.

The transaction was completed by M&G's wholly-owned subsidiary Prudential Assurance Company and was made possible through the insurer's with-profits fund entering into a market transaction at the s...

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