Cardano

Transaction spans across the company’s three DB schemes

Deal secures the benefits of 95 pensioners and dependents and 74 deferred members

Deal is first superfund transaction to be conducted with an active sponsor

Guidance for DB trustees is aligned with regulator’s funding code

Insurer’s largest risk reduction deal to date secures benefits for around 22,500 members

Pension overhaul, Mercer acquires Cardano, first Bitcoin allocation by UK scheme

Terms of the transaction, first announced in the summer, were not disclosed

Discover AI will provide trustees with covenant analysis and insights

Third and final buy-in means all pensions within the Church Workers Pension Fund are now insured

Cardano says trustees should start making detailed plans and be clear on documentation requirements