PP brings together all the people moves in the pensions industry over the past week
The deal was completed in March and covers 93 pensioners
Interest rate rises have seen unhedged scheme funding positions improve dramatically
Deal secures benefits for 89 deferred members and 52 active members
Benefits have been insured for members in a scheme of a global retail business
K3 Advisory and Cartwright support deal with large proportion of deferred members
K3 Advisory issues warning to schemes to keep on top of preparations
Deferred-heavy deal follows a similar transaction in 2018
The defined benefit (DB) scheme of Shepherd Foods (London) has completed a £3m buyout with Aviva, insuring the benefits of 13 pensioner and deferred members.
Rothesay has completed a £6m follow-on buyout with an unnamed aviation scheme, insuring benefits of eight pensioners and 31 deferred members.