Deal secures the benefits of all 368 pensioners and 493 deferred members
Risk reduction transaction secures benefits for 52 pensioners and 17 deferred members
Transaction secures benefits for more than 700 pensioners and deferred members
Transaction secured through preparatory work carried out by the scheme’s trustees
Transaction covers 2,500 pensioners and dependants and 1,500 deferred members
Bulk purchase annuity deal secures benefits of 2,400 scheme members
£60bn of bulk annuity transactions and £20bn of longevity swaps excepted this year
LCP completed 17 smaller scheme transactions in 2023 through ‘streamlined approach’
Despite it being another year of significant volatility in the investment markets, 2023 is set to be a record year for bulk annuities
Standard Life finds barriers include market volatility and investment strategy