The Law Society Pension Scheme has insured all of its £320m liabilities through two bulk annuity deals with Metlife Assurance.
The latest buy-in deal - completed last month - was worth £240m and covers all known scheme members, totalling 1,800 people. Pensioners in payment were also insured by Metlife in a separate £80m transaction...
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.
NEST has signed up to the government-backed Star Initiative, taking all of its 8 million members' pension pots with it.
It is perhaps inherently difficult to find an agreed definition of value for money, but some methodologies could act as a stopgap, argues Jonathan Stapleton.