The Smiths Industries Pension Scheme has secured a £146m buy-in with Canada Life in its fourth bulk annuity and its sponsor’s tenth overall.
The TI Group Pension Scheme, sponsored by industrial technology firm Smiths Group, has completed a £142m buy-in with Aviva.
The Smiths Industries Pension Scheme has secured a £176m buy-in with Canada Life, its second with the insurer.
The Smiths Industries Pension Scheme has completed a £207m buy-in with Canada Life to insure pensioner benefits.
Longevity hedges have long been considered a hurdle to doing a bulk annuity, but a ground-breaking deal shows it doesn't have to be. Stephanie Baxter looks at why converting swaps into buy-ins is taking off.