ICI completes two buy-ins worth nearly £1bn

Michael Klimes
clock • 1 min read

The ICI Pension Fund has revealed it completed another two buy-ins worth almost £1bn in September with two major insurers.

Legal and General (L&G) took on £0.4bn of liabilities while Scottish Widows insured £0.6bn. This latest round of intense buy-in activity means11 transactions covering around 75% of liabilities o...

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

More on Risk Reduction

Sanofi scheme completes £1.4bn buy-in with Legal & General

Sanofi scheme completes £1.4bn buy-in with Legal & General

Transaction secures the benefits for more than 10,000 retirees and deferred members

Martin Richmond
clock 28 January 2025 • 3 min read
Updated: The biggest buy-ins and buyouts since 2007

Updated: The biggest buy-ins and buyouts since 2007

Professional Pensions rounds up the largest block transfers of liabilities to insurers

Professional Pensions
clock 28 January 2025 • 1 min read
WTW predicts £70bn in bulk annuity and longevity swap transactions in 2025

WTW predicts £70bn in bulk annuity and longevity swap transactions in 2025

Consultancy says ‘buoyant’ funding levels will enable more schemes to conduct a transaction

Martin Richmond
clock 27 January 2025 • 3 min read
Trustpilot