Deferred-heavy deal completed at the end of 2021 in midst of ‘intense market’ conditions
Around 1,200 members were covered by the deal, with 80% of scheme now insured
A £1.7bn buy-in and a change to the ‘stronger nudge’ initiative
The investors have doubled their holdings to acquire a combined shareholding of 47.1%
The deal marks Cushon’s third master trust acquisition in two years
Despite subdued market 2021 also expected to be third busiest year after H2 stampede
The online pension provider also increased AUM by 91% last year
Deal also provides inflation protection for all 7,600 members of the scheme
DB scheme funding remains stable despite pressures
The industry weighs in as the DWP closes its consultation on better access to illiquids