Bulk purchase annuity deal secures benefits of 2,400 scheme members
£60bn of bulk annuity transactions and £20bn of longevity swaps excepted this year
The bulk purchase annuity transaction insures the liabilities of 1,500 scheme members
Full scheme buy-in was completed in August using Aon and Eversheds’ Pathway service
Transaction covers 46 pensioners and 271 deferred scheme members
LCP says market is on target for another record-breaking year
Deal with the NICEIC scheme secures benefits for 237 pensioners and 154 deferred members
Members concerned about the removal of an unreduced pension option
Bulk purchase annuity transaction secures the benefits of all scheme members
Pension professionals at Barnett Waddingham look at challenges for trustees and sponsors in 2024