How the GHG scheme learned from one crisis to complete a buy-in during another

James Phillips
clock • 19 min read

Twelve years after its funding level was hit severely by the global financial crisis, the GHG pension scheme completed a £150m buy-in amid the Covid-19 economic chaos. James Phillips speaks to the key players about the journey.

A dozen years ago the General Healthcare Group (GHG) pension scheme had been hammered hard. The global financial crisis had knocked its funding level back to less than 70%, and its sponsor, BMI Hea...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Cancer Research UK scheme secures £280m buy-in with Standard Life

Cancer Research UK scheme secures £280m buy-in with Standard Life

BPA deal secures the benefits of 2,800 scheme members

Holly Roach
clock 08 May 2025 • 2 min read
OSG Ship Management scheme secures £16m buy-in with Aviva

OSG Ship Management scheme secures £16m buy-in with Aviva

Full scheme transaction insures the liabilities of 53 members

Holly Roach
clock 29 April 2025 • 1 min read
'Healthy' demand for bulk annuity transactions despite volatility, Isio says

'Healthy' demand for bulk annuity transactions despite volatility, Isio says

Consultancy says market has seen ‘strong momentum’ despite uncertainty caused by US tariffs

Martin Richmond
clock 28 April 2025 • 2 min read
Trustpilot