Unnamed UK scheme and M&G complete £150m 'BPA-plus' transaction

Insurer’s proposition provides potential upside for members from discretionary bonus payments

Holly Roach
clock • 2 min read
Unnamed UK scheme and M&G complete £150m 'BPA-plus' transaction

An unnamed pension scheme sponsored by a UK insurance company has completed a £150m bulk purchase annuity (BPA) transaction with M&G, securing the benefits of nearly 1,200 members.

This is the latest deal to be completed through M&G's ‘BPA-plus' proposition, which utilises the firm's £132bn with-profits fund. M&G announced its first BPA-plus deal in March and a further deal l...

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