The full buy-in for two pension schemes secures the benefits of over 1,350 retirees and deferred members
Commentators say speculation on pension issues has negatively impacted saver confidence
Transaction with Zurich and MetLife is second step in scheme’s phased longevity hedging programme
Transaction means benefits of all scheme members are now insured
Transactions fully secure the benefits for 650 members of the two schemes
Jeremy Goodwin says mandation would ‘drive a coach and horses’ through the prudent person principle
Transaction secures the benefits of 1,341 members across the two pension schemes
Transaction secures the benefits of all 679 scheme members
Transaction secures the benefits of all remaining 122 deferred scheme members
Transactions insures the benefits of 6,500 scheme members