Second deal with the BAL section of the scheme means all member benefits are now insured
Transaction fully insures the benefits for around 150 members of the scheme
This week’s top stories included Barnett Waddingham’s appointment of eight partners, while British Airways Pensions announced the outsource of in-house investment operations to BlackRock.
Global travel firm Tui has agreed two buy-ins worth a total of £794m with Legal & General (L&G) Assurance Society, insuring two sections of the Tui Group UK Pension Trust.
Institutional investors are continuing to flounder after the FTSE 100 opened the week down 8.72%, crashing into technical bear market territory.