HSBC Bank-sponsored scheme completes £10m buy-in with Royal London

BPA transaction completed with support of sponsor to secure members’ benefits over the long-term

Martin Richmond
clock • 2 min read
The Credit Commercial de France – London Branch Pension and Life Assurance Scheme is sponsored by HSBC Bank
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The Credit Commercial de France – London Branch Pension and Life Assurance Scheme is sponsored by HSBC Bank

The Credit Commercial de France – London Branch Pension and Life Assurance Scheme has completed a £10m buy-in with Royal London.

The bulk purchase annuity (BPA) transaction for the scheme, which is sponsored by HSBC Bank, was completed with the support of the sponsor and has fully secured the members' benefits over the long-...

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