Tate & Lyle scheme agrees £347m partial buy-in

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Tate & Lyle has secured a £347m buy-in with Legal & General to cover 43% of its pensioner liabilities, in the biggest bulk annuity deal of the year.

The food firm said the transaction, which relates to the liabilities of three out of seven pensioner members, covered approximately 30% of the scheme's total liabilities based on technical provisio...

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